Please click on the following link to listen to my regular weekly radio interview with Eric King on the KWN Weekly Metals Wrap.
http://tinyurl.com/bpc7y5j
I also want to note here that I am not posting any silver, gold or HUI charts for Friday seeing that all remain mired within very broad consolidation patterns but are constricting in range. Until something changes in that regards, there is not much worth commenting on as far as the price action goes. We are waiting for something to trigger a resolving of this sideways ranging trade.
“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence
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you might want to get a handle on what MA says the future holds for accounts in the latest pieces he just published
ReplyDeletehttp://www.inflateordie.com/files/MF%20Global%20Disaster%2012-09-2011.pdf
Looks like the effects of MF Global have yet to be realized here in the U.S.A. While this market is being held up electronically it's going to be virtually impossible to do any useful analysis. Dan Norcini is one of the few traders and analysts that will admit to this which is a good sign of wisdom in handling these practical matters. I have the utmost respect for someone who says just as he posted above.
ReplyDeleteAlso check my blog for some important items:
ReplyDeletewww.thenewsunit.com
I just wonder if we will have restricted use of the internet just a few months from now.
http://thecompletecoveragereport.blogspot.com/
ReplyDelete