Stocks And Precious Metals Charts - Corporate Buybacks Are The Stock Market

"There is no clean way to make a hundred million bucks.Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them.Decent people lost their jobs.Big money is big power, and big power gets used wrong."

Raymond Chandler, The Long Goodbye

No worries, as long as corporations can keep dodging taxes and borrowing on the cheap.

And the band played on.

Stocks were off quite a bit today on a worse than expected ISM Manufacturing number and a fresh round of trade war headlines.

The underpinnings of the markets are a bit thin and hardly resilient.

Gold and silver were flattish despite the weaker Dollar and the elevated VIX.

The action in the December gold contract is very strong as expected. I have included the latest clearing report from the CME below.

People go mad in herds, it is said, but come back to their senses one at a time.

Have a pleasant evening. 

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

 

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.