The Phaserl


Gold Daily and Silver Weekly Charts – Lies, Damn Lies, and an Option Expiration

from Jesse’s Café Américain:

“A true opium of the people is a belief in nothingness after death – the huge solace of thinking that for our betrayals, greed, cowardice, and murders that we are not going to be judged.”

Czesław Miłosz

The action for the precious metals did not bode well, when late last night as gold drifted higher and crept over 1300 it was smacked down by some heavy dumping of contracts in quiet trade in the Globex market.

And we saw that classic back and forth sea saw today around the level targeted by that late night selling at 1290. Its a little thing after all, but it is discouraging to those who watch these daily antics too closely.

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