Stocks And Precious Metals Charts - And The Band Played On - Our Audacious Oligarchy

Stocks moved lower again today and went out near their lows.

Gold and silver were hit hard in the early trading but managed to take back a good chunk of their losses by the close.

The physical kilo bar inventory in Hong Kong is getting rather low again.  

Time to scour more physical out of the ETFs?

The Dollar rose on higher Treasury yields.

Congress engaged in the usual toothless showmanship in discussing the economy in testimony today.

I am sitting all in cash in my short-term account now, although I did flip a few miners off the morning bloodbath.

Agnico-Eagle will be acquiring Kirkland Lake in a 'merger of equals (kind of).

The saga of the gambling Fed Presidents continues, and so we have another fine piece from the Martens today here.

Apparently, a Fed President was actively placing short-term million-dollar directional bets, including the SP futures, during the crisis and the bailouts, with pockets full of insider information.

Must have been like shooting fish in a barrel.

And it was all legal so they say, and ethical. But details are being stonewalled.

All in all not extraordinary, in this attractive but deceitful world of routine abuse of honor, office, power, and the truth.

Have a pleasant evening. 

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Disclaimer: These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from ...

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