Gold Daily and Silver Weekly Charts - 1812 Overture

"He is the Napoleon of crime, Watson. He is the organizer of half that is evil and nearly all that is undetected in this great city.

Arthur Conan Doyle, The Final Problem

"Du sublime au ridicule, il n'y a qu'un pas."

“From the sublime to the ridiculous, there is only one step."

Napoleon Bonaparte, On his retreat from Russia to Paris in 1812

Gold and silver got mugged in very quiet trading for the end of the month, with most traders off on holiday.

If anyone was short gold or silver, their end of month results looked quite a bit better after today. So like the retailers they had their 'Black Friday.'

Paper covers rock. Who's got the scissors?

The Swiss will be voting on their referenda on Sunday. Among these are the gold referendum.

Next week is the Non-Farm payrolls for November.

Have a pleasant evening.

 

 

SP 500 and NDX Futures Daily Charts - The Proud Never Give Thanks

US equities were a bit off today, and volatility was ticking higher, as markets were open for a half day of light holiday trading. 

Thus ended the amazing streak of new highs, at least for today.

There was no significant economic news released.

Have a pleasant weekend.

Gold Daily and Silver Weekly Charts - Now Thank We All Our God

"A proud man is seldom a grateful man, for he never thinks he gets as much as he deserves."

Henry Ward Beecher

 

The joyfulness of simplicity is a folly to the world, but the charism of a loving God to His people.

 

Gold and silver were both flat in lackluster trade today, as the US markets were simply going through the motions in holiday trade and ahead of a few real world events.

OPEC will be meeting this weekend to consider the dropping price of oil. It is clear that the Saudis are producing at a higher than usual manner, and as you may recall I have speculated that this is part of a ploy with the US to hamper Russia, but to also send a price gut check to the shale oil producing crowd.

The Swiss will be having their gold referendum on Sunday, 30 November and it will be interesting to see how that turns out.

And finally we are now switching to the December contract, and what may prove to be a more active month in the paper markets.

Have a pleasant weekend. See you Sunday evening.

 

 

 

SP 500 and NDX Futures Daily Charts - Miles Gloriosus

Stocks were drifting today in very light holiday trade, further dampened by foul weather in the NYC metro area.

The economic news this morning was quite poor, and lending some credence to the somewhat artificial nature of the GDP revision higher from earlier this week.

US markets will be effectively closed for the rest of the week, in observance of the Thanksgiving holiday.

Have a pleasant weekend.