SP 500 and NDX Futures Daily Charts - Lazy Summer Trade

Stocks were a bit off for most of the day, but the futures managed to bounce up to nearly unchanged in the fifteen minutes of trading after the bell.

Earnings results from Microsoft et al. seem to be cheering the risk on trade.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - Same Old

Patience stands on the twin pillars of faith and hope, and is sustained by love.

Next week is an options expiration on the Comex, on Tuesday the 26th.

There may be twists in the short term gold trade because of the thinness of the London gold float.

Ted Butler give us the lay of the land in the silver market - The Greatest Lie Ever Told.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - The Dog Days of Summer

It appears that the Reichstag fire in Turkey has not done any serious damage to the financial markets.

These are truly the 'dog days' of Summer, with oppressive heat and humidity, passing thunderstorms, and thin trading in the markets with a drift higher in the usual suspects.

Have a pleasant evening.

Jim Rickards On Financial Reform, Corruption, and Gold