Stocks And Precious Metals Charts - We Learn Nothing

“In the days following the crash, an axiom as old as the Republic came into play once more.In good times Wall Street wanted Washington to leave it alone. In bad times it wanted Washington to act.”

Haynes Johnson

"It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident."

Charles H. Ferguson

The financiers of Wall Street, buoyed by the enormous funds of the Treasury, carried the day. And there was rejoicing in New York and Washington alike and among grifters everywhere.

Stocks rebounded sharply, and vacillated much of the day in a whipsaw manner, before climbing to their highs in the last hour of trading.

Gold was hit hard and repeatedly during the trading session in New York and was finally smacked down to the low into the close. Silver followed a similar pattern

I hate to break the mood, but this is not going to end well, with the power of paper money and the confidence game triumphant.

And it's probably not going to be an open casket.

Have a pleasant evening.

(Click on image to enlarge)