11 January 2017

Charts For a Warmer Wednesday - Pillar of the Cloud


"And the Lord went before them by day as a pillar of cloud to lead them on the way, and by night a pillar of fire to give light in the gloom."

Exodus 13:21

Stocks were a bit jumpy this morning as The Donald, aka Cheeto in Chief, spoke at his first press conference in about six months.

Hard to believe, but these jokers in the press, sometimes going by the name of journalists, actually make the guy look better than he probably is. They are just terrible, and go for the low road like ducks to water.

Glenn Greenwald said exactly what I have been thinking, that the 'deep state' is making its displeasure known to Mr. Trump for spoiling their plans for a New American Century.

Did not vote for the guy, but it seems like every day I become even more content that Hillary is not in the White House.

I would not be shorting this stock market, yet. But sometime around or after the inauguration most likely something will happen to burst this bubble of happiness and self-delusion, and we might get a 10+% correction.

Gold is still struggling to move higher along with silver. The Comex is a joke when it comes to gold, and nothing much ever really happens there. Silver still stays busy with ins and outs of the warehouses, since this is how some wholesalers manage their working inventory for silver's domestic uses.

Have a pleasant evening.