|
|
|
|
|
|
I
am checking various rumours, but so far nothing in
the news can explain this remarkable short term rally in gold.
I am not going to bother repeating the rumours at
this point, as they are mere speculation in my opinion.
This is a significant divergence from the equity markets. Silver also has
rallied, but lagged a bit.
I would not chase it here, although that is easier for me to say as I
did some additional buying earlier today, and then went out for a walk and
some light reading on the patio. Spring is in the air. It is too nice to stay
inside. The days are warm, and the evenings crisp.
Did some news leak out to the trading desks? Or is this a TBTF trading desk
running the metal up in a cynical rally before hitting it with another bear
raid, 'London Whale-style.' If that is the case, then I would like to think
that even the CFTC would be shamed into action.
It could even be the technical exhaustion of a selling program. But the
divergence is highly remarkable.
The noticeable artificiality of big money moving prices around is what makes
these light volume markets so difficult to trade in the short term. That, and
that they are rather noticeably corrupt. Almost
shamefully so in New York and London.
Gold and silver look like good long term holdings. But even they are only
material things, and while they might help keep us alive, yet they cannot
give us happiness and lasting life. They are things we are granted, like all
material things and talents, and at the end our return to the master will be
weighed, and hopefully, not found wanting.
Here is what I had been reading after my walk today. How kind is God, and
wondrous his gentle mercies.
"Life passes, riches fly away, popularity is
fickle, the senses decay, the world changes, friends die. One alone is
constant; One alone is true to us; One alone can be true; One alone can be
all things to us; One alone can supply our needs; One alone can train us up
to our full perfection; One alone can give a meaning to our complex and
intricate nature; One alone can give us tune and harmony..."
John Henry
Newman
 
|
|
|
|
|