Gold Daily and Silver Weekly Charts -

"It is difficult to get a man to understand something when his job depends on not understanding it."

Upton Sinclair


"The problems we face did not come down from the heavens. They are made, they are made by bad human decisions, and good human decisions can change them."

Bernie Sanders

Gold had a little bounce today. Silver, not so much.

There is intraday commentary on why I think this is happening now as it is. It its titled An Almost Perfect Storm of Incompetence and Felony.

Incompetence is probably much too kind an interpretation.

The decisions that these public servants are making are not so often out of well intentioned ignorance and ideological blindness, as a former Fed Chairman seems to suggest.  That is what I call the CEO-defense.  Rather they are made as a price of power and privilege, and selfish betrayal of trust.

See who is getting the sinecures in the financial sector, and the enormous fees for speeches after their 'public service,' all out of proportion to their real value.  And then you may understand why there is no reform, and no sustainable recovery.

And this is why the great mass of voters are feeling 'restless' with things as they are.   And the people of privilege do not know what to make of their growing discontent.

Have a pleasant evening.