SP 500 and NDX Futures Daily Charts - Cynical Not Cyclical

More stock declines today, and a very orderly rally off the lows to take the price levels to the very point they needed to be on the charts almost to the dollar in order to paint the picture of a decline, not a serious selloff.

This goes with the low volumes and gobs of easy money stuffed into the Wall Streeters pockets.

Let's see if they can keep this sort of think up.

As goes January, so goes the year. But it is still early times.

Have a pleasant evening.

Bernie Sanders On Wall St Reform and Financial Policy

Sanders is greatly undercovered by the major print and visual media.

And when they do cover him it is usually shallow and dismissive, even with so called 'progressive' outlets like MSNBC and the New York Times. This is not something new.  Hillary is 'the machine candidate' of the new Wall Street wing of the Democratic establishment that has thrown its traditional constituency of the working middle class under the bus for corporate money and power.

You may not have heard it, but Sanders has matched and perhaps even exceed Hillary Clinton in campaign contributions.  The difference is that Hillary is getting hers in big chunks from Big Money, while Bernie is getting his money from many, many smaller donations from the public.

Sanders is the only candidate from both parties who is serious about genuine reform of the financial system and reining in the Fed, Big Money, and the Banks.  Rand Paul would take on the Fed, but falls far short on everything else.

Hillary's record on this subject, and her service to Big Money, and the role that she and Bill played in gutting the progressive wing of the Democratic Party while making themselves rich on their speeches to the Big Money crowd, speaks for itself.  To expect anything different from her if she gets in office will be like deja vu the hope and change from Obama which didn't make it past his third week in office when he brought back Clinton's financial policy team.

Related:  Key Segments of Sander's Wall Street Reform Speech Disappear

Gold Daily and Silver Weekly Charts - Peak Boredom

"Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."

Bernard M. Baruch


"Gold is unique among assets, in that it is not issued by any government or central bank, which means that its value is not influenced by political decisions or the solvency of one institution or another."

Salvatore Rossi, Central Bank of Italy, 30 Sept 2013


“Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.”

— Antony C. Sutton

From a practical and a technical standpoint very little happened in the precious metals today.

There were no deliveries at The Bucket Shop yesterday, and as for the warehouses, even CME Hong Kong looked more like New York than its hard core metalhead self.

Prices had a bit of a lift higher, which is impressive if you look at the manner in which the US dollar has been gaining in a 'flight to safety' of its own.

Still, I suspect we will see much of the same sort of coverup and inventory management to go with the price tinkering and its supporting pile of synthetic gold claims until the market resolves itself to the reality of the market behind the paper market, and then it will 'clear,' and perhaps impressively so.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Stick Like Glue

Stocks were weak today on continuing weakness in China.

But they managed to 'hold their ground' more or less.

Have a pleasant evening.