Gold Daily and Silver Weekly Charts - Cap, Cap, Cap

Gold and silver had the lid slammed all day, although the miners recovered nicely from an early morning smackdown.

The next Comex option expiration will be next Monday.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Miles Gloriosus

There is little economic news this week. The new weekly economic calendar is below.

The drivers this week are therefore likely to be on earnings reports, and the geopolitical issues especially with regard to the Ukraine.

Our glorious financial warriors are riding high in the markets, which are otherwise very dull and quiet.

Remember, thou art a man. Memento mori.

Have a pleasant evening.

 

Is the New BRICS Bank a Challenge To US Global Monetary Power?

"Brazil, Russia, India, China and South Africa have many allies in the G-20, the minister noted, naming Argentina, Mexico and Indonesia in particular. 'They speak in the common voice with BRICS in the G-20 on the reform of international financial system,' the diplomat said.

BRICS countries are going to jointly demand implementation of the International Monetary Fund (IMF) reform during the G-20 summit being hosted by Australia in November.  The agreements to reform IMF quotas were reached in 2010 but have been put on hold by leading Western countries ever since."

Xinhuanet, BRICS matures, can turn into political alliance

It is pretty much as I said it was with the evolving currency war and the struggle by the Anglo-American banking cartel to maintain the status quo in a changing world.

How it will turn out, no one can know for certain. But since money and power are involved it will probably become more dirty and desperate than one might otherwise expect.

 

Thom Hartmann: The Crash of 2016

This is a view of how we got here and where we are going that you are unlikely to hear from the mainstream media.