NAV Premiums of Certain Precious Metal Trusts and Funds

Both gold and silver were hit at The Bucket Shop this morning, but gold snapped back more quickly.

I bought a little silver.  The metals may have a tough time until they can break out of this price fixing.

Gold Daily and Silver Weekly Charts - Dog Days of Summer

"Justice will eventually overtake the fabricators and false witnesses.

There is nothing permanent, except change. Change alone is unchanging."

Heraclitus

Today was very quiet in the US markets.   Even the weather seemed to conspire in it, quietly baking metropolis in a still Summer heat.

Gold and silver popped early on the weaker than expected Empire report, and then drifted lower on the general lack of interest in The Bucket Shop by all except a small group of professional sharpers, shills, and hapless tourists.

Even the dollar moved sideways.  All is calm in the Pax Americana.

Change very difficult for people to accept sometimes, especially when they have worked long and hard to set things up for their own advantage, and they think that they are winning.

Change is coming. It is coming for you, and for all of us.  Slowly but surely, change is the only certainty.

And the last shall be first, and the first shall be last.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Lazy Day In the Heart of Empire - The Summer Wind

Today was a very sleepy day in the markets, as the NYC metro area bakes under a hot Summer sun and temperatures in the high 90's.

The Empire Manufacturing number this morning was unexpectedly very negative, unexpected at least to the mainstream economists.

CPI and the FOMC minutes will be out in midweek.

But that did not really matter, and stocks flowed higher on the lazy, convictionless trade as it is often wont to do when the wiseguys are setting up a wash and rinse.   There will be a minor option expiration this week.

People may go on vacation, but crime never sleeps.  One thing of which we may be proud is that our financiers and politicians are never too lazy to steal.  They take a professional pride in their work.

Have a pleasant evening.

Sanders and Trump at the Iowa State Fair - Loss of Confidence in the 'Political Establishment'

This is a funny election season in the US. Yes it is still early times, and many things may happen between now and next November.  But one thing for certain is that the people of the US are rejecting the fake popular reform of corporate brand Obama, and the smarmy deceitfulness and slick branding of mainstream party politics.

Donald Trump and Bernie Sanders are 'genuine' candidates, whether you agree with them or not. People are flocking to their messages because they see them as telling the truth about what they think, and what they will do, without bowing down to special interests for money, or saying whatever people wish to hear to get elected and then do whatever they wish for those who pay them.

And make no mistake, the mainstream establishment in the US, in the media and the professional political ranks, hate and fear both of them.  The establishment candidates, duly anointed by the moneyed interests, are Hillary and Jeb, with some designated stand-ins should either of them stumble too badly. And the established party machines and their enablers will do everything in their power to make sure that you can only choose one or the other of their approved products next year.

And we are seeing similar phenomenon abroad in the UK with Corbyn and Fararge, and in France with Le Pen.

Obviously I do not know how this will end.  I am not necessarily hopeful in the short term.  If they were wise, the 'establishment' would allow for peaceful evolution, and more forcefully rein in the abuses and plundering being done by themselves and their predatory patrons.  And they have shown little wisdom, or self-awareness, existing as they do in hermetically sealed envelopes of money and power.

With the approval ratings of the Congress bouncing along at single digits, is there any wonder that the people are indicating 'no confidence' in the existing two party system?   How can anyone who watches the political system fail to see this, unless they are blind to the forest for the trees, or just willfully blind for their paycheck.  And this often becomes painfully obvious on NBC and Fox, who often act as the flagship media outlets for the two major parties.

Times of great change can bring great dangers.  But I think one of the tenets of my long term forecast is coming to fruition.  The people are starting to wake up, slowly but surely, almost one person at a time.  They are getting angry, and motivated, as the overreach and pride of the financial interests continues to grow.  They are not buying the globalists' message of rule by multinational corporations and a remote elite.  And with this brings both opportunity, and danger.

 Let's see if it continues, and how it evolves.