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Gold Daily and Silver Weekly Charts - Plus C'est la Même Chose - Mandatory Quarantines

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Jesse
Le Cafe Americain
Published : October 25th, 2014
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Category : GoldWire

Gold and silver were stopped in their tracks, as the price dominant Comex continues to exert its inordinate influence over the real world economies.

There was apparently little activity in the Comex delivery and so they did not bother to issue a report yet today. In silver there was a rather large deposit of silver bullion of about 2,258,516 ounces into the HSBC warehouse as you can see below.

Next week is a Tuesday precious metal option expiration on the Comex. There is also an FOMC rate decision on Wednesday.

The big changes always take longer than we expect. And once they start, they come much more quickly than we had imagined. 

So the most fruitful perspective for the precious metals is that of a long term investor.  Short term traders may find little to interest them here.  And when they do, it may be too late to climb on board.

So we must take the markets as they are. There is no sense to criticize a lifeboat for not being a motorcycle.

Do we need lifeboats? Do you trust the central banks and the politicians to safeguard your wealth and the integrity of the money and the financial system?

Only you can provide the answers for your own peace of mind. But it is hard to think back to the overwhelming wave of global goodwill that the States were riding in the aftermath of 9/11, and compare that with how things are now. How are the mighty fallen.

In breaking news after the bell NY and NJ have announced mandatory quarantines for all health workers who may have been exposed to ebola in foreign countries.  This came on the heels of a new individual quarantined on arrival at Newark Airport this afternoon.

Have a pleasant weekend. See you on Sunday night.
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