Gold Daily and Silver Weekly Charts - The Vultures

"We see dimly in the Present what is small and what is great,
Slow of faith how weak an arm may turn the iron helm of fate,
But the soul is still oracular; amid the market's din,
List the ominous stern whisper from the Delphic cave within,—
'They enslave their children's children who make compromise with sin.'


Truth forever on the scaffold, Wrong forever on the throne,—
Yet that scaffold sways the future, and, behind the dim unknown,
Standeth God within the shadow, keeping watch above his own."

James Russell Lowell

The precious metal markets appear to be seriously interested in what the FOMC has to say tomorrow afternoon around 2 PM EDT.

In fairness to Mr. Rubio, in reference to the video with Greg Palast below, almost all of the mainstream candidates have some 'vulture' perched on their shoulders. The only thing that is new about all this is that the Democrats have wholeheartedly embraced the corrupting power of Big Money since the Clintons rolled into town in the 1990's.

The world watches, and it sees what we may not.

And because our eyes are firmly closed, when they react accordingly, we can pretend to not understand why.

And the 'economic hitmen' are coming back and actively operating now on American soil. Watch what happens next.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Clinkety Clack

The markets were again just futzing around, waiting to hear from the Fed tomorrow, or something else that will give them a catalyst for movement one way or another.

They are edgy, like a poker player, clinking their chips around while waiting to make some kind of move.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - FOMC Announcement on Wednesday the 16th

Today was a lightly traded day, with plenty of antics as the markets wait for something to act on, and if not, then anything the Fed might have to say on Wednesday.

The US dollar was a little higher, and the precious metals moved a little lower in a fairly deliberate two step.

It was generally a 'snoozer' of a day.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Little Conviction in ZombieLand

Stocks drifted higher during much of this very low volume, sleepy day.

They gave up the best of their gains into the close.

This is a market that is 'marking time' for a catalyst, perhaps the FOMC meeting on Wednesday the 16th.   There is little expectation that the Fed will do anything at this meeting, but traders want to hear what, if anything, new that they have to say.

Have a pleasant evening.

The Woman Caught In Adultery: A Year of Mercy and Repentance

"I think we too are the people who, on the one hand, want to listen to Jesus, but on the other hand, at times, like to find a stick to beat others with, to condemn others. And Jesus has this message for us: mercy. I think — and I say it with humility — that this is the Lord's most powerful message: mercy.

We continue to be sinners for we are weak, but with this grace which makes us feel that the Lord is good, that the Lord is merciful, that the Lord waits for us, that the Lord pardons us—this immense grace changes our heart...

And here I wish to say to you: joy! Do not be men and women of sadness: a Christian can never be sad! Never give way to discouragement! Ours is not a joy born of having many possessions, but of having encountered a person, Jesus, in our midst.”

Francis I


"‘Woe to you, you hypocrites! You scrupulously observe the details, but neglect the more important spirit of His commandments – justice, mercy and faithfulness.

‘Woe to you, you hypocrites! You carefully perform the rituals, but inside you are full of greed and self-indulgence.

‘Woe to you, you hypocrites! You are like whitewashed tombs, which look beautiful on the outside, but on the inside are full of the bones of the dead and everything unclean. On the outside you appear righteous, but on the inside you are full of hypocrisy and wickedness.

‘You snakes, you brood of vipers.'"

Matt 23: 23-33

Gold Daily and Silver Weekly Charts - Central Banks As Financial Cosmeticians

Today was just one of those days where the 'invisible hand' tries to instill some confidence in the wise and benevolent judgement of the money masters, after a central bank, in this case the ECB, does something very visible and 'lays an egg' in doing it.

So after all this today, are you feeling more confident in The Recovery™?

The chart formation in gold remains intact, but not activated or nullified as of yet.

There will be the March FOMC meeting next week.

Let's see what happens.

Have a pleasant weekend.