SP 500 and NDX Futures Daily Charts - Paint Drying

These markets are beyond boring. Looks like an intermediate top is in the making, but it is being buoyed by the Fed's printing on behalf of its Wall Street cronies.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - À Chaque Fou Plaît Sa Marotte

Marlon Brando in The Ugly American

"Plus ça change, plus c'est la même chose."

Jean-Baptiste Alphonse Karr, Les Guêpes

There was a 'Dr. Evil' style headfake overnight, a typical clumsy and brazen 'sell at market' in a quiet period.

Commentary and chart here.

Prices on the metals rose during the day to the capping region, and were subsequently-- capped.  Great success.

"Every fool is pleased with their own foolishness."

If you wait long enough, you will see everything happen all over again, with modest differences in faces and places.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Rise of the Modern Prometheus

"Corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power.

Chris Hedges

Life imitates The Hunger Games.

And may the odds be ever in your favor.

Have a pleasant evening.

 

NAV Premiums of Certain Precious Metal Trusts and Funds

Gold and silver are being weighed upon by targeted selling in the market, particularly in the off hours. However the premiums in the trusts and funds are much more historically 'normal' than they have been.

The gold to silver ratio remains high at 66.

Glenn Greenwald Interview with Matt Lauer

"An old historian says about the Roman armies that marched through a country, burning and destroying every living thing, They make a solitude, and they call it peace. And so men do with their consciences. They stifle them, sear them, forcibly silence them, somehow or other; and then, when there is a dead stillness in the heart, broken by no voice of either approbation or blame, but doleful, like the unnatural quiet of a deserted city, then they say, It is peace; and then the man's uncontrolled passions and unbridled desires dwell solitary within the fortress of his own spirit."

Alexander Maclaren

A country that stifles dissent and disclosure, strangling knowledge under a blanket of falsehoods and secrecy, eventually kills its own conscience and reason, thereby making soulless monsters of itself and its people.   They can become capable of almost any act, moving first from excess and then to outrage, mindlessly offending against both God and nature. 

Without a pang of regret or twinge of conscience, they feel only the heat of their own passions, their lusts and fears, which are driven by the necessity of the emptiness that fuels their insatiable hunger to consume the lives of others.   And this is how the madness begins.

Sunday Night Gold Action

"The real cause, the effective one, that makes men lose power is that they have become unworthy to exercise it."

Alexis de Tocqueville

In case you were wondering why so many are giving up trading metals on the Comex...

(h/t Zerohedge for chart)

Related: Gold and Silver - Sharks With Laser Beams