Stocks And Precious Metals Charts - Tottering Into The End Of The Year, Again

Another wave of contract dumping in the quiet futures makret took the prices of gold and silver down this morning.

It looks like the Banks are determined to weasel out of their massive short positions without the paper losses they had been carrying.

This is what happens when you deregulate markets and cripple the agencies that oversee them. But that is logic, and the free marketeers are cultists.

Stocks also reached for new highs today but gave up a big portion of their intraday gains into the afternoon hours.

The Fed has flooded the Wall Street Banks with liquidity, and the idea that they are going to turn around and make loans with it is a laughable farce, often bundled under the supply-side economics school of thought.

Sometime between now and next July we are going to see some significant changes in the political and economic trends in the US.I think we might get a solid taste of that by year-end.

From just the standpoint of financial reform and reining in the excesses of the Banks, which candidates do you think might be expected to actually do something about this? Or in other words, which candidates are most feared by the moneyed interests and their enablers in the media?

I had the time to stream the latest Season 2 of Jack Reacher on Amazon. From an entertainment standpoint, it was fairly good. Certainly not in the class of Peaky Blinders, Bosch, and several other made for streaming series. From an overall perspective, it was thinly disguised propaganda, at times very obvious and heavy-handed as the run-up to the Iraq war. We'll have to consider the source on this one.

Cold weather is coming this weekend.

Have a pleasant evening.

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