13 May 2016

No Updates Tonight


"For in that universal call,
Few bankers will to heaven be mounters;
They'll cry, 'Ye shops, upon us fall!
Conceal and cover us, ye counters!'

When other hands the scales shall hold,
And they, in men's and angels' sight
Produced with all their bills and gold,
'Weighed in the balance and found light!'"

Jonathan Swift, The Run on the Bankers

Change is coming.

Updates on Monday.

Have a pleasant weekend.


12 May 2016

Some Charts At 7 PM


"Two-thirds of the directors at the New York Fed are hand-picked by the same bankers that the Fed is in charge of regulating.

Today, the United States is No. 1 in corporate profits, No. 1 in CEO salaries, No. 1 in childhood poverty, and No. 1 in income and wealth inequality in the industrialized world.

Today, the top one-tenth of 1% owns nearly as much wealth as the bottom 90%. The economic game is rigged, and this level of inequality is unsustainable. We need an economy that works for all, not just the powerful.

I think what the American people are saying is enough is enough. This country, this great country, belongs to all of us. It cannot continue to be controlled by a handful of billionaires who apparently want it all."

Bernie Sanders

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.














No Updates Tonight - Jerzy Popiełuszko, martyr de la vérité


Busy making ready for the return of the monarch of the household.

"You have to live in Truth to remain spiritually free. Life in Truth consists of giving testimony, acknowledging the Truth and defending it in each situation. Truth never changes. It cannot be destroyed by any decision or legal act. Our slavery stems from our surrender to the rule of the lie, our failure to unmask a lie, and to protest against it in everyday life. Instead of correcting the lie we keep silent, or pretend to believe it is true.

This means living in falsehood. Telling the Truth with courage is a way leading directly to freedom. A person who tells the Truth is a free man despite external slavery, imprisonment, or official custody. If in the present political situation the majority of the Polish people followed the one and only Truth, our nation would become spiritually free today! The external or political freedom would follow sooner or later as a consequence of the spiritual freedom and faithfulness to the Truth.

Overcoming fear is a key element in the process of setting Man free. Fear springs from threats. We fear suffering; we fear the loss of some goods, the loss of freedom, health or a job. This fear makes us act against our conscience, and it is by means of our conscience that we take the measure of Truth. We overcome fear the moment we agree to lose something for the sake of a higher value. If Truth becomes a value worth suffering for, worth taking a risk, then we will overcome the fear that keeps us in slavery...

Any nation is bound to perish if deprived of bravery, if it pretends that everything is good when it is not, and if it is satisfied with half-truths. Every day we must be aware that when we are demanding truth from others we must live in truth ourselves, demanding justice we must be just, demanding bravery we must be brave."

Jerzy Popiełuszko, chaplain of Solidarity, martyr de la vérité


11 May 2016

Gold Daily and Silver Weekly Charts - The Gathering Storm


"Some touch of the artist wells up within me, and calls insistently for a well-staged performance. Surely our profession, Mr. Mac, would be a drab and sordid one if we did not sometimes set the scene so as to glorify our results. The blunt accusation, the brutal tap upon the shoulder - what can one make of such a denouement?

But the quick inference, the subtle trap, the clever forecast of coming events, the triumphant vindication of bold theories - are these not the pride and the justification of our life's work? At the present moment you thrill with the glamour of the situation and the anticipation of the hunt. Where would be that thrill if I had been as definite as a timetable?”

Arthur Conan Doyle, Sherlock Holmes: The Valley of Fear

When gold and silver finally are able, through price action, to have their say about the state of Western fiscal and monetary policy actions, it may break a few ear drums and shatter a more than a few illusions about the wisdom and honesty of the money masters.

Slowly, but surely, a reckoning is coming.  And what has been hidden will be revealed.

Have a pleasant evening.