Gold Daily and Silver Weekly Charts - Modern Monetary Madness

The precious metals are in a kind of a lockdown ahead of the FOMC meeting tomorrow.

Watching the august Senators questioning the CEO of Wells Fargo today was emetic.

Some of them talked a great game, but it was just more talk.

Keep an eye on the European Banks, especially in Germany and Italy.

The US Banks with the Fed effectively are in control, so do not worry about them.

 Rather, be concerned for yourselves and your families.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - FOMC Tomorrow

The market is the Bank.

The Banks are the market.

The market rules the country.

FOMC tomorrow.

Have a pleasant evening.

NAV Premiums of Certain Precious Metal Trusts and Funds

Silver is still a 'bit cheap' compared to gold, but not as much as it had been with a gold/silver ratio of 68.

Interestingly the Sprott Silver premium still lags Sprott Gold.

FOMC tomorrow.  The metals are in kind of a 'lockdown.'

Just Charts - All Market Eyes on the FOMC Meeting This Week

We ended up at the neurologist's office most of the afternoon and ran late with EEG testing.

All eyes are clearly on the FOMC decision on rates on Wednesday the 21st at 2 PM.

If they do nothing this week, then December is the next most likely opportunity for them to get their increase in basis points so they can lower them again when their latest asset bubble collapses.

Have a pleasant evening.