Stocks were lackluster, with tech stocks once again playing their role as financial crisis bubble-born revenant.
Gold is struggling to take back the ground that it gave up into the year end, while silver continues pushing higher, trying to regain the 17 handle.
Let's see if the metals can break out.
As for stocks, it might not be bad to keep 'buy the election and sell the inauguration' in mind.
The Dems wish to de-legitimize the Trump presidency, and would like to set him up for a fall, and a possible impeachment. In that sense, they are certainly no better than the GOP, which would have followed a similar strategy it seems. Both parties are more like rival crime families than public servants.
Thanks to
William Banzai (I am not worthy) and Zerohedge for reminding us all of one of Stanley Kubrick's classics, probably worth watching again as the ghosts of unscrupulous politicians past slither once again in new forms along the halls of power.
On the good news bad news front, President Obama will be giving his 'farewell address' tonight in Chicago. Good news that hope and change has left the building, and the bad news is that it happened sometime around 2008.
I would not exactly call myself 'hopeful' about the next four years. But they could be very good for things like gold and silver.
Have a pleasant evening.
