“For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.” – Eph 6:12
Here are the basic stock and precious metal and economic charts as of about 2:00 EDT.
The economic news this morning was rather poor, and the luster with which Wall Street attempted to paint the financial sector in light of the ‘great results’ from JPM were fading as the ‘better than expected’ results over lowered expectations from CITI were not so lustrous year over year. I think we might be in the midst of another handoff of long positions from the pros to the ‘others.’ But only time will tell as we bang against an obvious overhead resistance point.
I have not heard much in the lame stream media about Deutsche Bank admitting that they, along with others, had been manipulating the prices in the global precious metals markets. The oligarchs seem to be less coy and more audacious about pulling the strings of power.