Gold Daily and Silver Weekly Charts - Madness, Ending Badly

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one...

In February 1720 an edict was published, which, instead of restoring the credit of the paper, as was intended, destroyed it irrecoverably, and drove the country to the very brink of revolution...”

Charles MacKay, Extraordinary Popular Delusions and The Madness of Crowds

Self-awareness, empathy, and foresight are not, unfortunately, high in the ordered skill set of narcissists.

If Europe had any decency, leadership, and moral courage they would take the US financial system's car keys, sit them down in the kitchen, pour black coffee down their throats until they sober up, and then arrange for an extended intervention.

And they need to do it because the American people themselves have fallen into a slumber of indifference and denial about what is being done in their name, and how the world sees their elite.

Have a pleasant weekend.

SP 500 and NDX Futures Daily Charts - Burning Down the House

"Money, again, has often been a cause of the delusion of the multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper."

Charles Mackay

One in ten bridges in the US are in critical need of repairs.

This disparity and dichotomy between the virtual world of financial control frauds and the real economy of people and things is going to become more and more interesting.

One Elon Musk is worth five hundred Dimon's and Blankfein's. And as for most politicians I cannot even provide an estimate, because it is not possible to divide by zero.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - Option Expiration Hi-Jinks - Jan Skoyles On Gold

I see in the news where the CME is planning to offer a kilogram gold futures contract in Asia in order to provide a 'pricing reference' for that continent.   There goes the neighborhood. lol.  I thought these were global markets already.

The smash and grab in the metals markets resulted in a fairly impressive price range, especially in silver.  See the intraday commentary on the metals action on a Comex Option Expiration here.

Let's see where they go with this next.

Meet the Banking Caucus, Wall Street's 'Secret Weapon' in Washington.

And US Exported a Record Amount of Gold To Hong Kong In January.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Pause For Earnings

Stocks did quite the swing intraday, but managed to finish close enough to unchanged.

I think we might still have a little more upside in this wash cycle unless something in the real world happens.

Have a pleasant evening.