Gold Daily and Silver Weekly Charts - FWIW

From now until the end of the year, the precious metals markets may be very interesting to watch indeed.  This is the sense I have of the market from watching the tape, and the formation of the market and the trading action.

Silver on the left and gold on the right. Not sure which one carries the knockout punch.

 

Given that this is now the active month for silver on the Comex I will be spending more time on that market.  

 

There was some commentary on that today.

 

There's something happening here.

Have a pleasant evening.

 

 

 

 

SP 500 and NDX Futures Daily Charts - Rolling Thunder

Bubbles ride the surface, but ugly cuts to the bone.

And this market may look good, but deep down it is almost ugly as the characters that live off of it.

That does not mean that it cannot continue on, with some pancake makeup and lipstick, for quite some time. There is some thought that nothing bad, barring the exogenous and unexpected, will happen before the midterm elections in November.

Have a pleasant evening.

 

 

 

NAV Premiums of Certain Precious Metal Trusts and Funds

The attention now shifts a bit to silver from the standpoint of the Comex technicals.

July through October could become a bit like Mr. Toad's Wild Ride for the precious metals.

Related: Asked and Answered: Some Thought On the Leverage Unwind In the Great Gold and Silver Frauds