Weekly Gold and Silver Flows In Funds and ETFs

Flowing, from West to East.

We seem to have indications of a durable bottom being formed.

Let's see if that trend continues.

Funny Finance, or How I Learned to Stop Worrying and Love the Banks

Who could have seen it coming?

When Economic Models Meet Reality

The Mispricing of Risk

Innovation in Financial Products

Aftermath of a Financial Bubble 

Allocating Precious Liquidity

Inside Nikki Haley's Shocking Speech to Secretive Far-Right Group

"Just days before she resigned as UN Ambassador, Nikki Haley delivered a private speech to the Council for National Policy, a secretive group of influential right-wing figures. Journalist Max Blumenthal obtained exclusive access and reveals shocking details -- including Haley's admission that she threatened the Chinese ambassador with a US invasion of North Korea."

The gist of this interview is that Nikki Haley was being lauded by the liberal media and the corporate Democrats as standing out in the Trump administration as a moderate, and even as a 'woman of color.'

It is similar to the rehabilitation of  George W. Bush amongst the Democratic political elites.  Its like he and Bill Clinton are political cousins.  And in some ways they were.  And the Obamas and Hillary will suck up to anyone who is an insider and an enabler of the moneyed interests, like themselves.

The interview makes the case that the goal posts have moved so far to the right that even war hawks and neo-liberals are starting to look like benign moderates.

The move has been so steady and gradual and so protracted that most don't even notice, how 'flaming socialists' like Obama are really yesterday's corporate Republicans.

You may see the original article at The Real News Network.

Stocks and Precious Metals Charts - It's the Little Things - Markets Coiling for a Move

Even the winter won't last forever
We'll see the morning, we'll feel the sun
We'll wake up in April, ready and able
Sowing the seeds in the soil

Even the darkness cannot disarm us
We'll see the morning, we'll feel the sun
We'll break up the earth, 'cause we know
That it's worth it
Sowing the seeds in the soil
Of our love.

Audrey Assad, Even the Winter

Stocks had another ranging day, with a sweep from the highs to the lows. The SP 500 finished nearly unchanged with the tech heavy Nasdaq a little weaker.

All in all it was a stock option expiration, and the market was looking for a direction.

At this point the right kind of trigger event is going to send this skittish market much lower. I am looking around the 2500's on the SP 500 futures, so it could be quite a wild ride.

But the lack of organic action and 'investment' buying, as opposed to short term gimmickry, makes this a difficult market to trade.

Gold and silver finished largely unchanged as the Dollar gave up a little of its strength from yesterday.

I was getting restless watching this inane market action in the late morning. And so I asked the Lord for something to do to make things better in the world.  And I kid you not, I found myself almost immediately directed to thoroughly cleaning and scrubbing the bathroom, top to bottom. I think the Queen was listening in on that conversation. Not a doubt in my mind.

Little consolations and tender mercies.  They are there, where you least expect them.  And there resides peace of mind, and an easy heart.

Well after that task was completed, I went outside and trimmed some late growth in the trees and hedges and shrubs, and cleaned up the front lawn. We cracked the freezing mark here last night. The temperature dipped to about 27 degrees, which was quite chilly to say the least. But it warmed up today, and the afternoon was one of those glorious autumn days when working outside is just the right thing to do.

Need little, want less, and love more. Because those who abide in love abide in God, and God in them.

Have a wonderful weekend.

Stocks and Precious Metals Charts - Angels of Death - And What Rough Beast

Quadraro, The Death of Justice

"If modernity is characterized by a loss of the sense of the real, this fact is connected to what has happened to money in the twentieth century. Everything threatens to become unreal once money ceases to be real.

Money is one of the primary measures of value in any society, perhaps the primary one, the principal repository of value. As such, money is a central source of stability, continuity, and cohesion in any community. Hence to tamper with the basic money supply is to tamper with a community’s sense of value."

Paul Cantor, Literature and the Economics of Liberty


"One of the most nefarious consequences of dishonest money is to destroy our ability and willingness to act responsibly in the light of our own judgments.   It has led us to replace common sense by compliance.  We have substituted the law for what is moral and what is right.  We have substituted audit checklists for an auditor’s judgment about what is true and fair.   And we have substituted phony mathematics for the judgment we once possessed in understanding the nature of value and that of risk."

Anthony Deden, Investment Value in an Age of Booms and Busts


"Advanced forms of biological warfare that can 'target' specific genotypes may transform biological warfare from the realm of terror to a politically useful tool."

Project for a New American Century, Rebuilding America's Defenses, 2000

Stocks were weak today. Global jitters and weaker than expected results from real economy companies shook bully's swaggering confidence.

Gold and silver tried to rally, and gold managed to hold a bit of a gain, as the US Dollar gained ground higher.

Politically active and publicly prominent men and women in the US would do well to remember this sage advice from George Bernard Shaw: 'I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it.'

Today was an absolutely beautiful autumn day here in the northeast.

Have a pleasant evening.