Gold Daily and Silver Weekly Charts - Like a Land War In Asia

There was the usual London-New York hit applied to the precious metals earlier this morning. Nothing new in that.

There was a bit of a bounce into the close for gold, and some action in the mining stocks as well.

Shown below are the Comex reports for both gold and silver for yesterday. I thought it was funny that more gold contracts were stopped than for silver.  But this is the active month for silver and not for gold! 

Not that even that factoid means anything. Watching the Comex these days is like watching the magicians beautiful assistant move the boxes around on stage, while the magician executives his sleight of hand undetected.

The real markets for precious metals have moved overseas. The West is fighting a holding action in a currency war of attrition. It must be like fighting a land war in Asia. You roll out your best shock and awe, complete with media fanfare, over and over. But they are gaining ground little by little. 

I know, let's flatten our own markets and their economic integrity back to the stone age of rigged prices and perpetual fraud, executed by and for the very few while the domestic public staggers.  That will show them who's in charge: until exhaustion of lies, or the collapse of force.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Stick Save In Pigland

Stocks were wobbly for most of the day as the US administration is once again beating the drums of endless war.

And it did not help that the economic numbers this morning came in a bit weakly, with initial unemployment claims a bit on the high side.

But these daily numbers do not mean all that much. What is of much more concern is the instability in the world, that I would suggest is an artifact of the 'currency war.'

And of course the currency war is almost beyond a doubt one manifestation of the impulse of the North Atlantic elite political power structure's attempt to make this 'the Anglo-American Century.'  

The pampered classes have lost their grip on the traditional colonial empire, and seem to be seeking to maintain and recreate it in a broader, more financialized guise.

Let's see how this works itself out.

Have a pleasant evening.

Wednesday Evening: Hymn In a German Train Station

"Here, in an ordinary train station in Wuppertal, Germany, the group Árstíðir began singing the Icelandic hymn “Heyr himna smiður”. 

The hymn — the oldest known Scandinavian hymn — dates back to the early 13th century when the Icelandic chieftain Kolbeinn Tumason is purported to have written these familiar words on his deathbed. Then, more than seven centuries later, the composer Þorkell Sigurbjörnsson put them to music."

On Being Blog

This is what only six voices together can do.

Hear, Smith of the heavens.

The poet seeketh.

In thy still small voice

Mayest thou show grace.

As I call on thee,

Thou my creator.

I am thy servant,

Thou art my true Lord.

God, I call on thee;

For thee to heal me.

Bid me, prince of peace,

Thou my supreme need.

Ever I need thee,

Generous and great,

Over all human woe,

City of thy heart.

Guard me, my savior.

Ever I need thee,

Through every moment

In this world so wide.

Virgin–born, send me

Noble motives now.

Aid cometh from thee,

To my deepest heart.

 

Gold Daily and Silver Weekly Charts - Do Something

There was intraday commentary on the moral hazard of applying selective justice to the TBTF Banks here.

I recommend that you read it. And if you find what it says to be useful, perhaps you might consider giving it a wider audience as you can here and there.

You might consider doing it with other things from like-minded people that you find to be useful. It is a little thing to do, but it is something and better than nothing. Others use donations which are appropriate for their own situations and efforts, and you might wish to consider supporting them in this even if it is in a small way.  You may not be able to stand up and speak, but you can provide some small comfort and support for those that do.   

And as for us, remember me in your prayers, as I will remember you.  The need is great and will be greater.  This is our currency, and it has no other counterparty but the Lord.

Have a pleasant evening