Gold Daily and Silver Weekly Charts - Shocking, Positively Shocking

There was a whiff of more serious concern in the markets this afternoon.

Word leaked out in a news story that some of the hedge funds doing derivatives clearing with Deutsche Bank were pulling out the cash from their accounts.

The implications of this were obvious immediately to most. And risk assets sold off.

Gold and silver are still coiling under some market pressure from the usual suspects, loco London, New York, and Washington DC.

When the time comes for the metals to break free it may happen overnight from a shock in the financial markets.

My son missed the train crash in Hoboken this morning by ten minutes. Never so glad to have him answer the phone promptly.

God's tender mercies.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Should I Stay Or Should I Go

The indecisive markets took a bit of a plunge today when a news story reported that hedge funds using Deutsche Bank for derivatives clearing were pulling the excess cash out of their accounts.

The implications were that these insiders felt concerned about a disruption in access to their cash, and/or a greater threat of a 'bail-in' at the troubled bank.

Otherwise the risk factors still seem fairly calm, if not a bit cocky, on Wall Street.

Let's see if they can keep a hold on this asset bubble. Last one out the door gets scorched if they cannot.

Have a pleasant evening.

No Updates Tonight - Bring Me a Higher Love

"You, you who kill my messengers, and abuse those I have sent to help you, how often I have longed to gather you together, as a hen lovingly gathers her chicks under her wings.  But you have ignored and spurned me."

Matt 23:27

Just another day in The Recovery™.

The markets are so boring I am taking a day off.

The precious metals options convert into new futures positions if they are 'in the money,' so any new longs are getting a bit of a gut check today.

Everyone is special. There is no one else exactly like you. And it is no accident, you were made just that way.

Everyone is lovable, whether they allow it or not, receive it or not, return it or not, because they are loved, unselfishly.  They are loved more than they love themselves, more than they love in return.

 They do not see what they already have, and in abundance— a higher love.

See you tomorrow.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - A Quiet Option Expiration - Coiling

Today was the October Options expiration on the Comex.

The warehouses and deliveries were quiet yesterday.

Gold and silver are continuing to coil on the charts.

Not one thing has changed.

Do not be deceived.  What one sows, that also they will reap.

And the elite are preparing themselves a banquet of consequences.

You bring the butter and popcorn.  I will bring the salt.

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - And the Winner Is...

Not us.

Have a pleasant evening.

As a Reminder, Today Is a Precious Metals Option Expiration on the Comex

I ought to have reminded you again last night about this one in case you had forgotten.