The Phaserl


Gold Daily and Silver Weekly Charts – Pause Ahead of the Non-Farm Payrolls – Winter Is Coming

from Jesse’s Café Américain:

“Every increase of knowledge may possibly render depravity more depraved, as well as it may increase the strength of virtue.

It is in itself only power; and its value depends on its application.”

Sydney Smith

Let’s see if the Non-Farm Payrolls Report tomorrow gives the Fed enough of a recovery fig-leaf to start talking about rate increases, and sufficient nudge for the market takers to shove the price of the precious metals around to catch any of the over-leveraged specs leaning in the wrong direction.

Except for the occasional exogenous news that moves markets, we are in the Summer doldrums where the market fakers and takers like to shove prices around to generate enough action to fuel the vig.

It used to be ridiculously high commissions and the occasional frauds, but now it is pervasive insider trading and the soft corruption surrounding HFT and the exchanges that fuels the Jabba the Hutts of Wall Street and Washington.

So I wisely chose to spend a pleasant afternoon doing a thorough overhaul on our old Troybilt Pony rototiller on the driveway in the shade, and rewarded myself with an ice cold beer after it was done. It has done us good service over the past twenty five years on both lawn and garden. It really needed some careful attention, a few parts, and a bit of elbow grease.

Like most things in daily life really. You choose quality and take good care of it, and it serves you well in the long run, from kits to chickens to investments.

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