Gold Daily and Silver Weekly Charts - Lies, Damn Lies, and the Irresponsibility of the Status Quo

"We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”

Blaise Pascal

Gold was under some pressure, with silver capped.

The market decided that since shooting had not broken out in the Ukraine that all is well and it was time to bulk up on the risk trade, albeit with low volumes.

This is a very cynical, Fed-fueled market.

The lies are flying thick and fast if you are following any of these geo-political events.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Fearless

As long as nothing has gone wrong in the last 24 hours the bulls are almost fearless in these low volume, highly technically traded markets.

I feel as though my skeptical cynicism of this stock market has been vindicated. As if anything good can come of this. lol

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - Option Expiration Dipsy Doodle

Gold and silver were hit early in the trading session in a pretty obvious takedown.

Gold gained much of it back by the close. Silver not so much.

There was a decent scare today as Ukraine announced that it had destroyed many trucks in a Russian armoured convoy. Russia denied that they had any military presence across that border. The truth will come out, eventually. For those who will have eyes to see it.

Have a pleasant weekend.

 

SP 500 and NDX Futures Daily Charts - The Fog of Currency War

Stocks tried to shake off the poor economic news this morning *again* as there are more signs that the recovery is sluggish to floundering.

There was news during the day that the Ukraine had attacked and partially destroyed a Russian armoured convoy. This sent stocks plunging for a brief period of time and put some jets under the VIX.

Back to near unchanged near the close with big techs leading the way.

We are now in the fog of currency war. I smell desperate antics from the Banks.

Have a pleasant weekend.