Gold and silver managed to rally up a bit today on a slightly weaker dollar.
There was no breakout. I know quite a few people are watching the 100 DMA for gold. I think the chart is pretty much in concurrence with a widely watched metric and manages to convey more information overall.
Stocks tried to rally all day, but just could not hold it into the close and sold off a bit.
So, no breakouts or breakdowns. The best the market mavens could do was manage a draw.
The situation with the Saudis is interesting and worth watching.
The retail sales data was not constructive to the sustainable recovery story.
Even with the one percent fat and wealthy, and corporations chock full of cash and building monopolies at a record pace can the US economy sustain itself with a consumer base that is frightened, unhealthy, generally put upon by frauds, and scraping by on stagnant incomes?
I don’t even live in a ‘swing state’ and the level of television ads and door to door volunteers is at surprisingly high levels.
All politicians lie, but lately, they are lying so much and so casually that they don’t even bother to hide their tracks or make any attempt to save face, except with more lies and denials.
Have a pleasant evening.
