Monday, July 6, 2015

Monday morning market comment


Well, it's 9:29 as I start to write, supposedly US futures are down a bit less than 1%, gold popped Sunday night but then drifted back down, and for the love of god why do people think the Greece situation matters to the US?

I mean, sure, sell European stocks. Sell them. That continent's leadership has proven themselves an ignorant group of silver-spoon kleptocrats who have utterly no clue how to run an economy: it's stupid to own European stocks while the EZ power elite continues to deny economics, including the work of their own servants in the IMF research department.

But sell the US? Really?

So now it's 9:32 and the US opens down about 0.7%. Stockcharts.com seems not to be working very well. My god what a bunch of panty-piddlers.

Anyway, here's some news:


Chronicles of Brodrick - how low will silver go? My god, Sean, this chart sucks like Sagitarrius A*, the supermassive black hole at the center of our galaxy:


And he says:
But what could drive silver that much lower? Greece? It's a tempest in a tzatziki bowl. A collapse of the Chinese stock market, maybe, as traders and investors sell what they can because the value of their shares have gone up in smoke?
Well, I guess it's good to question how silver could possibly ever make it to $10 again. As long as you weren't previously questioning how the heck silver could ever drop to $15, cos it turns out we're there now.



New Deal Demoncrat - weekly indicators. Nothing's really changed, though he's a bit concerned about the Gallup survey, maybe cos he's forgotten how worthless Gallup's figures have always been in the past. As far as temp staffing, you can't really judge on one week of data.


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