Gold and silver rocketed higher today breaking out of their short-term chart patterns.
They have a little way to go before knocking it out of the park on the charts.
But they are much closer today than yesterday.
Physical in Hong Kong remains in short supply.
One of the components of this precious metals rally was the dump of the Dollar, by almost a buck.
Stocks were also in rally mode.
So it wasn't so much risk-on event, as it was a flight from the dollar into different assets, with much less regard for risk.
As I said some time ago, Donny is done. Stick a fork in him.
I was impressed that he did as well as he did, despite shooting himself in the foot, while it was in his own mouth.
As Simone Weil notes above, 'As soon as men know that they can kill without fear of punishment or blame, they kill; or at least they encourage killers, with approving smiles.'
People rarely from peacefulness and benevolence to killing in one step.
The intervening steps are insults, marginalization, dehumanization, unequal treatment, sanctioned injustice, financial predation, and physical abuse.
And it rarely stops with the initial target group.
Let's see a return to at least some sort of civility and the rule of law and sound regulation can be advanced.
Most likely it will be one person at a time.
Have a pleasant evening.
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