Stocks were on another run higher today, as it was risk-on deluxe.

Gold and silver continue to climb out of the hole that the bullion banks and hedge funds hammered them down into. 

Miners seem to be pacing the way up.

I would not rest too easy in any new long positions.

These jokers love to come back for seconds and thirds. It's a sociopath thing. 

Rounders was one of my favorite 'gambling' movies.  

We used to go out to Las Vegas three or four times a year in the '70s and '80s. 

I liked to stay at the Frontier, so I could hang out in the Stardust Sports Book during the day.

But that was before they ruined the town, and turned it into a corporate theme park.

It breathed easier when there were big stretches of desert between the clubs.

I got married in Las Vegas, in an actual church that used to be out in the desert all by charming self.

The last time I went out there that little Spanish-style desert church was surrounded by condos and new houses.

Let's see how the rest of the week goes.

We are heading for a Minsky Moment.

Third time's the charm. Or is it four now?

Timing will be everything. 

Just a series of booms and busts.

Who could see the next one coming?

The Fed reserves the right to splash the pot whenever they wish, on behalf of their benefactors.

But in this real-life version of the film, Teddy doesn't pay off when he loses. So grab it off the table while you can.

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)