Stocks And Precious Metal Charts - The Darkness Rising

The retail sales number came in rather badly this morning.

There is no real recovery. Just a papering over of the rot endemic to oligarchy.

Gold and silver are struggling at overhead resistance. 

Gold is much more interesting to watch here because of its nature as a safe haven. 

And of course its central role in the changes in the monetary regime which have been called currency wars.

Stocks have reached the 38.2% fibonacci retracement level. They may keep on reaching for 50%.

Let's see how this charade plays out. My general forecast is for pain.

Have a pleasant evening.

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