Gold Charts R' Us - Free For All

Nick Laird is in the process of moving his charts site to a new host.

And while he does this, the subscription mechanism is 'turned off' so you may look at any of his 1000's of charts and data for free.

Gold Charts R' Us

Enjoy.

Martin Luther King: The Day That You Choose

"For when he was grown he denied the extravagant riches of a worldly kingdom, choosing instead to be afflicted among the people of God, rather than the pleasures of a sinful life but for a season."

Hebrews 11:24-25


"Take a stand for that which is right, and the world may misunderstand you and criticize you, but you never go alone, for somewhere I read that 'One with God is a majority,' and God has a way of transforming a minority into a majority. Walk with him this morning and believe in him and do what is right and he'll be with you even until the consummation of the ages.

Yes, I've seen the lightning flash, I've heard the thunder roll, I've felt sin's breakers dashing trying to conquer my soul but I heard the voice of Jesus saying still to fight on, he promised never to leave me, never to leave me alone; no, never alone, no, never alone. He promised never to leave me, never to leave me alone. Wherever you are going this morning, my friends, show the world that you're going with truth. You are going with justice, you are going with goodness, and you will have an eternal companionship.

And the world will look at you and they won't understand you, for your fiery furnace will be around you, but you'll go on anyhow. But if not, I will not bow, and God grant that we will never bow before the gods of evil."

Martin Luther King, But If Not


"For what does it profit a man, if he gains the whole world, but loses his soul?"

Mark 8:36

Martin Luther King Jr. Exerpt From "But If Not" from Flatirons Community Church on Vimeo.

Gold Daily and Silver Weekly Charts - And At Last the Weekend

Gold and silver jumped like scalded cats this morning when the Non-Fulltime Payrolls report came in shockingly low, along with a few other numbers that tend to show that the Fed is describing life on Fantasy Island in their forecasts.

There were intraday comments on the remarkable surge in June gold deliveries here.

Nice trend on the Non-Farm Payrolls, as shown in the first chart below.  I would certainly be on my guard against the economy overheating and getting ready to raise rates.   Thanks to Tony Sanders for telling me to look at those numbers.

I believe that there is an element in the financial system that is rather concerned about what gold may do if it breaks a certain level and starts to run, as it had done a couple of years ago.  And in their fears I do believe very strongly that they are mismanaging the situation and are setting up the very set of circumstances that they would most wish to avoid.  It is an old story.

Turning to other matters, at the very bottom are two of Mary's pre-operative MRIs.  I think these sorts of things are just amazing, but they are probably not well-suited for the squeamish.  When I first saw these pictures I gasped.  Well, it is gone now, and all that remains is the housekeeping, and more surveillance.  And thankfulness, as always.

And Dolly the little rescue dog has has been spayed and had her teeth cleaned yesterday at the animal hospital, with four infected teeth extracted. She really had been neglected even before being tossed out on the street in Winter.  It knocked the poor little thing for a loop, but she is recovering nicely, and is happy and comfortable with us, and we with her.  She is sleeping on a blanket now next to my wife, like two angels.

Thank God for His tender mercies.

Have a pleasant weekend.

SP 500 and NDX Futures Daily Charts - Shock Jobs Report

Stocks are hanging on to this level which has given them such problems for so long as you can see from the chart below.

The stock market has become a mechanism for wealth appropriation and transfer, and as such must be maintained at all costs.  LOL.

Have a pleasant weekend.

Another 100,000+ Ounces of Gold Get 'Delivered' at 1,209 Yesterday

Over 100,000 ounces of gold were claimed on delivery yesterday at the bargain price of 1,209.80.

That bring the total ounces taken in the first few days of the June gold 100 oz contract delivery to a record 878,400 ounces.

The big takers are a JPM mystery customer and their house account, and the house account at Nova Scotia.

But in all reality this is relatively peanuts compared to what the 'exceptionally well-informed' were able to make on the movements in the bond markets this morning, given the size and leverage of the position in that casino.  And a casino it surely has become.

But every little bit helps when one is attempting to sustain the unsustainable.

In the second chart I show the annual deliveries of gold in ounces on the Comex.

So for example, in all of last year there were about 1.5 million ounces delivered.

The blistering pace we are seeing now reminds one of the type of action that we were recording prior to gold's big move higher starting around 2006 when the central banks changed from net sellers to net buyers.

The big price movements in physical gold and silver are yet to come I think.

Jobs Report Huge Miss at 38,000 Jobs Added, Stagnant Real Wages, Shrinking Labor Participation

"This election was lost four and five and six years ago and not this year. They didn't start thinking of the poor old common fellow until they started out on the election tour.

The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickled down. Put it uphill and let it go and it will reach the driest little spot.

But he didn't know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night anyhow. But it will at least have passed through some poor fellow’s hands.

They saved the big banks, but the little ones went up the flue."

Will Rogers, 5 December 1932

I said yesterday that 'I have a hunch that gold and silver are being capped here for a reason.  Maybe.  It's hard to tell with the non-linear Fed.'

And today I think that things are becoming clearer, as suspected.  The Fed needs to raise rates to cool down the economy, in a pig's eye.  They want to raise rates for their own policy purposes, so they can lower them again when their latest paper asset bubble fails.

The common person may not understand all this, and the lessons from history.  But the 'experts' most certainly should understand them, and quite frankly they do.   They may not say so, they may never admit it, they may let themselves be convinced, and even convince themselves and quiet the nagging doubts, but at the end of the day they know exactly what they are doing, what they are abiding, what they are enabling if only by their silent acquiescence.

Then why do they keep pursuing the same failing policies, and try to justify them with wildly inaccurate forecasts and flat out misstatements of fact?   Why do the wealthy prosper while the country as a whole stagnates, and for years?

Why do the politicians go all out to try and maintain things as they are, even though they can clearly see with their own eyes that they are failing the people whom they have pledged to serve by oath?

Herein lies the credibility trap.   They wish to keep things as they are because, at least for them and their friends and cronies, the times are good, and for some wildly so.  Innovation is risky, but the wrongheaded consensus of the insiders is safe.   Insider do not speak ill of other insiders, and therein can keep their sinecures, their connections, and the camaraderie of the fortunate few.

They are caught between the age old Scylla and Charybdis of pride and profit.  They fancy themselves to be exceptional, a credentialed elite, but the sad truth is that their conceits and self-delusions are as old as Babylon, and evil as sin.

BILL MOYERS: And you say that this oligarchy consists of six megabanks. What are the six banks?

JAMES KWAK: They are Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo.

BILL MOYERS: And you write that they control 60 percent of our gross national product?

JAMES KWAK: They have assets equivalent to 60 percent of our gross national product. And to put this in perspective, in the mid-1990s, these six banks or their predecessors, since there have been a lot of mergers, had less than 20 percent. Their assets were less than 20 percent of the gross national product.

BILL MOYERS: And what's the threat from an oligarchy of this size and scale?

SIMON JOHNSON: They can distort the system, Bill. They can change the rules of the game to favor themselves. And unfortunately, the way it works in modern finance is when the rules favor you, you go out and you take a lot of risk. And you blow up from time to time, because it's not your problem. When it blows up, it's the taxpayer and it's the government that has to sort it out.

BILL MOYERS: So, you're not kidding when you say it's an oligarchy?