Gold Daily and Silver Weekly Charts - Lies, Damn Lies, and the Irresponsibility of the Status Quo

"We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”

Blaise Pascal

Gold was under some pressure, with silver capped.

The market decided that since shooting had not broken out in the Ukraine that all is well and it was time to bulk up on the risk trade, albeit with low volumes.

This is a very cynical, Fed-fueled market.

The lies are flying thick and fast if you are following any of these geo-political events.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Fearless

As long as nothing has gone wrong in the last 24 hours the bulls are almost fearless in these low volume, highly technically traded markets.

I feel as though my skeptical cynicism of this stock market has been vindicated. As if anything good can come of this. lol

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - Option Expiration Dipsy Doodle

Gold and silver were hit early in the trading session in a pretty obvious takedown.

Gold gained much of it back by the close. Silver not so much.

There was a decent scare today as Ukraine announced that it had destroyed many trucks in a Russian armoured convoy. Russia denied that they had any military presence across that border. The truth will come out, eventually. For those who will have eyes to see it.

Have a pleasant weekend.

 

SP 500 and NDX Futures Daily Charts - The Fog of Currency War

Stocks tried to shake off the poor economic news this morning *again* as there are more signs that the recovery is sluggish to floundering.

There was news during the day that the Ukraine had attacked and partially destroyed a Russian armoured convoy. This sent stocks plunging for a brief period of time and put some jets under the VIX.

Back to near unchanged near the close with big techs leading the way.

We are now in the fog of currency war. I smell desperate antics from the Banks.

Have a pleasant weekend.

NAV Premiums of Certain Precious Metal Trusts and Funds - Psy Ops

There were some minor adjustments to both of the Sprott Funds.

Ukraine situation is getting quite a bit warmer.  The propaganda is flowing from both sides.  It is hard to get a straight story from anyone including the mainstream domestic US media.

I have exited all non-bullion etf/fund/royalty stock positions, and am thinking of making a bet to the short side of a broad index of stocks if we see certain events next week.

The sell off today seemed to surge around the European close as traders squared up for the weekend.  The States are going to try and take them back up to maintain 'confidence levels.'

That quick hit on the metals was a bit obvious.

The Western Banks and Friends seem to be itching for a war or a domestic event to distract peoples' attention from their monetary antics and mismanagement.

Tales of William Wallace: Alba Gu Bràth

Many years ago I visited Westminster Abbey, and among other things in a crowded gallery saw the Stane o Scuin sitting somewhat neglected and unremarked by a chair.

I asked about it, and did some reading, and learned its story.  It had been used in the crowning of the monarchs of Scotland.    It had been taken from the Scots in 1296 as a spoil of war, and a symbol that Scotland now belonged to England.  It was subsequently used during coronation ceremonies of the English monarchs, as a symbol of their rule over the British Empire.

Since that time it was  returned to its home in Edinburgh Castle. 

I afterwards visited Scotland several times, mostly around Edinburgh, seeing many things from the Royal Mile to Adam Smith's grave.  I made it only once to Glasgow on the western coast, and points south down to Turnberry. 

I found the country and the people to be wonderful.  There are few better breakfasts served in my opinion than a real Scottish breakfast.   And then there is the Scots whiskey museum.

I have always hoped to live one day so see the re-emergence of a free and independent Scotland.

Nomi Prins: All the President's Bankers

This is a walk through the twentieth century, and how the United States became, by design, a combination military, industrial, and financial global superpower.  And how the US dollar hegemony was created over a number of political administrations by groups of well connected, powerful families and friends.

It may seem a bit long, but she opens it for questions about the 48 minute mark, so it really is not. Nomi speaks briskly with many fact laden vignettes and scenarios that help to explain how the current system has evolved.

The facts she brings out about the 50's onwards were sometimes new to me, and absolutely fascinating.   About minute 40 she shows the culmination of this historical process with the Clinton Whitehouse, and begins to describe where we are today, and how it appears that the problem will be insoluble without some major events taking place to change this alliance in power between the financial and the political.

 

The talk served to solidify some of my own thinking, and removed some of the shadows of doubt that I have had about where things are going and why.

 

She does is not able to delve into the international ties between the global central Banks, particularly between London and New York.  She instead concentrates on what she might call 'the Big Six' of American Banks, which is a large enough subject itself.

I strongly recommend that you listen to it if you are at all interested in this subject.

 

 Or if you have the time to invest, you may wish to read her book which also sounds very interesting.  I have not done so yet, and I am not sure when I could get to it. 

 

But this video is a very good start, and will probably make you much better informed than 90 percent of the people out there.  Whether that is a good thing or not is another matter.