SP 500 and NDX Futures Daily Charts - /Bubble On

/Bubble on.

Have a pleasant weekend.

 

 

NAV Premiums of Certain Precious Metal Trusts and Funds

Gold has hit my short term objective of the overhead resistance at 1185, albeit in three steps of up, down, up.

Sprott silver has taken its cash levels up to a much more healthy level with the sale of a bit more silver from its trust.

I think a lot of bearish sentiment was leaning into the FOMC day trade in both stocks and metals, and a number of other markets as well.    And with the expected deletion of 'patient' happening, but with the Fed whispering some rather dovish words, the markets were able to run to the upside and take the bears for a ride.

Market rigging does worth both ways in the short term. And it is easier when you get to see into the other fellow's hand.

And the shills and trolls provide the chorus.   Remember Jim Cramer's infamous video about how to manipulate the market 'legally'?

Longer term fundamentals manner. Short term only money and power matters. Intermediate is a mixed bag.

 

There is not a lot of doubt that the intermediate trend in the metals is and has been a policy thing, while providing a backdrop for the self-serving antics of the usual suspects.

 

It is all a part of the 'currency war.'

 

Gold Daily and Silver Weekly Charts - Restless

"Granted that we face a world crisis which leaves us standing so often amid the surging murmur of life's restless sea. But every crisis has both its dangers and its opportunities. It can spell either salvation or doom. In a dark confused world the kingdom of God may yet reign in the hearts of men."

Martin Luther King

 

Gold and silver were up again on the overnight with physical buying from Asia, and then hit early by paper selling in London and New York.

I believe that we will see a new 'fix' in London tomorrow for gold. What a fitting name.

I do not think that this new structure will change much, but I am keeping an open mind.

Things will not change while the Comex remains the bucket shop that it has become.  There is little genuine reform in the financial system, mostly window dressing and pious platitudes that mask the very heart of darkness.

We have taken the hope and light of the free world, and turned it into a den of thieves, and murderers.

 

Try to maintain a steady heart, and not be tempted to give yourself over to the madness. 

 

It will not be worth it by any rational measure. 

Have a pleasant evening.

 

 

SP 500 and NDX Futures Daily Charts - Need Little, Want Less, Love More

"What have we achieved in mowing down mountain ranges, harnessing the energy of mighty rivers, or moving whole populations about like chess pieces, if we ourselves remain the same restless, miserable, frustrated creatures we were before?"

Henry Miller

The economic news this morning was a bit to the grim side.

There is no recovery.

 

To call it the result of policy errors is probably overly-generous.  It is the result of a careless selfishness and greed that have found deep roots in our hearts. 

 

We do have a generous surplus of well-crafted lies, spun with great effort by shills and sociopaths.  They are never more loud or more evident than around the watering holes of money and power.

We are a ship of fools. And a generation of madder and even more self-deceiving Ahabs are in the wheelhouse, hell bent on their own destruction, heading full speed in the night through uncharted waters.

 

It would be better for them if they had never been born.

 

Lord have mercy on us.

Have a pleasant evening.