Nine Out of Ten Non-Regulators MIght See a Trend In Intraday Precious Metal Trading

'What is truth?' said jesting Pilate, and would not stay for the answer.

Francis Bacon

Here are the intra-day averages for the price of gold and silver for February.

 

Can you detect any pattern intraday? 

 

There does seem to be a pronounced pattern associated with the geographic location of the primary trading market's time zone.

 

As the dissembling Winnie the Pooh said to the angry nest of bees, 'I'm only a little black rain cloud,  pay no attention to me.'

 

Tut tut, looks like rain.

 

Storms gathering on the horizon.  Better get more buckets for the bucket shop.

 

 

Charts courtesy of Nick Laird at Sharelynx.com.

Gold Daily and Silver Weekly Charts - The Craven Failure of the 'Technocrats' at the Fed

"A poor man is ever at a disadvantage in matters of public concern. When he rises to speak, or writes a letter to his superiors, they ask: 'Who is this fellow that offers advice?'

And when it is known that he is without coin they spit their hands at him, and use his letters in the cooks' fires. But if it be a man of wealth who would speak, or write, or denounce, even though he have the brain of a yearling dromedary, or a spine as crooked and unseemly, the whole city listens to his words and declares them wise."

Li Hung Chang, as quoted by Upton Sinclair in The Brass Check

 

I see where Mr. Bernanke thinks that Presidents should be given extraordinary powers to declare 'financial emergencies' and 'not leave it all up to the Fed.'

 

And who is it that doesn't want to be audited, doesn't want anyone looking over their shoulder, wants to be free to exercise their independent judgement, and keeps raising their hands to be given more and more regulatory powers which they fail to exercise faithfully and objectively over their banking cronies.

 

And then when they blow up the economy with a financial bubble which they created, they want the nation to clean up their mess, presumably by having the President invoke special emergency powers so that their financial engineering prowess is not encumbered by the democratic rule of law as they continue to throw trillions of dollars at the aftermath of the collapse of financial bubbles for which they have been the chief architects.

 

Non-farm payrolls on Friday.

 

Have a pleasant evening.

 

 

SP 500 and NDX Futures Daily Charts - NASDAQ 5,008

Nasdaq 5,008.

And it only took over $4 trillion in subsidies to the financial sector from the Fed.

Oh, well done.

Have a pleasant evening.

NAV Premiums of Precious Metal Trusts and Funds

The cash level for the Sprott Physical Silver Trust is at the point of depletion.

Time to roll out that new follow on offering and bulk it back up.  The last one was in November 2012.

 

With this kind of premium to NAV they should be able to do it.

 

Given the huge claiming for the opening of the March contract period in silver, perhaps the 'suppliers' are already gathering together the bullion to support it.

 

 

 

Gold Daily And Silver Weekly Charts - March Silver Comes In like a Lion

Today was the usual dull day of market focused on their own navels, surrounded by the flies of the HFT bots.

Silver was the bigger story with the first report from the March contract, with an impressive claim of over six million ounces of silver being claimed on the Comex.

The Comex silver sees plenty of warehouse action, since CNT is using it as a delivery vehicle into their contracts with the US mint.

Otherwise the Comex has all the appearances of a bucket shop for gold.

 

The economic calendar for next week is below, and as you can see, we have another Non-Farm Payrolls report on Friday.  Since they have revised the jobs numbers back to whenever already, it will be interesting to see what kind of a number they can scrape up for February. 

 

Stormy weather.

Gold is moving from West to East.

If you don't agree, or don't understand this, that's ok.

You will.

 

Live long and prosper.

Have a pleasant weekend.

 

 

 

 

 

SP 500 and NDX Futures Daily Charts - Toppy

 

Stocks were floundering around most of the day on a weak GDP revision this morning, and a shockingly low Chicago PMI which *could* be an effect, at least in part, of the weather.

Stocks are looking a bit lofty here, and volumes are thin.

But here comes March, and another month in which the wolves can thin the saving herd, as thin as they may have become.

The cash Nasdaq continues to creep higher towards the magic 5,000 handle.

The last time we saw that was in March, 2000.  And you remember how things went from there.

Have a pleasant weekend.