Gold Daily and Silver Weekly Charts - Rosebud

"Mr. Kane was a man who got everything he wanted and then lost it. Maybe Rosebud was something he couldn't get, or something he lost."

Orson Welles, Citizen Kane

"Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves, after a fashion; but they cannot understand impoverishment.

Capable of giving alms, perhaps, but incapable of stripping themselves bare, they will be moved, to the sound of beautiful music, at Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them.

They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat."

Léon Bloy

 

For what does it profit a man, to gain the whole world, but to lose his soul. 

 

God's economy obviously has a very ironic sense of humor.  Or justice.

 

The metals trade seems a little lighter today as 'the other guys' returned to the markets after last week's May Day holiday.

May is an active month for silver, and the action on the Comex seems center on the white metal.

Non-Farm Payrolls on Friday.

This is an interesting read.   Why Did BIS Just Slam the Gold Price With a 590M Sale?

Have a pleasant evening.

 

SP 500 and NDX Futures Daily Charts - Federal Reserve Bubble-nomics

 

The big market mover this week will be the Non-Farm Payrolls report and any developments on the geopolitical financial front in Greece etc.

 

The Fed is pushing the bubble envelope now. 

 

Have a pleasant evening.

China Takes 50.8 Tonnes of Gold From the Shanghai Exchange In Latest Week

There is a steady flow of physical gold to strong hands in Asia, the Middle East, and Russia.

Gold Daily and Silver Weekly Charts - April Non-Farm Payrolls Next Week

There was intraday commentary on the mispriced risks in the equity (and bond) markets here.

Gold was hit for a slight loss, but silver tended to hold its own in a 'active month.'  I have included the silver delivery and warehouse report below.  

 

There was also a set of graphs showing individual warehouse levels for silver posted intraday here. 

Today was Mayday so many of the gold buying nations were otherwise occupied.

 

I suspect the big tickle next week will be the Non-Farm Payrolls report for April.

 

I have included the economic calendar for next week below.

Have a pleasant weekend.