Beauty is but a flower,
That wrinkles will devour.
Brightness falls from the air;
Queens have died, young and fair.
Dust hath closed Helen's eye.
I am sick, I must die.
Lord have mercy on us.
Thomas Nashe, A Litany in Time of Plague
We had a nice bounce after an overnight smackdown with gold taggin the 1180 support area.
There was intraday commentary about the interesting divergence between gold and silver here.
I am focused keenly on what I consider to be one of the greatest macro-economic events my generation will probably see since the creation of Bretton Woods, and when Nixon took the world off the dollar/gold standard.
That set the world out upon some very uncharted seas that were easily overlooked in the sturm und drang of the Cold War. But that all changed in the 1990's. Few have yet perceived it, and what it implies for us.
And so here we are. Peak Empire.
China comes back from holiday on the 8th.
Gold and silver need to break the downtrend of lower highs and lower lows. That is the technical market analysis in a nutshell.
Have a pleasant evening.
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