With everyone waiting for the action in Greece tomorrow, today is pretty quiet (dull). As such, The Turd feels the need to make himself useful in other ways.
First, here are the only three charts I'm watching right now. Gold is stuck in a little range...unable to go higher but unwilling to go lower, too. When this range breaks, it will give you a feel for the near-term trend. The POSX is at a seemingly critical juncture, too. I've mentioned before that I think the pig will be rangebound all summer in an area roughly bounded by 76.50 on the top and 73.50 on the bottom. A drop over the next day or so would confirm that for me. And in silver...Even though there are still 26M+ open contracts three days before July first notice and, even though The Death Star only has enough registered silver to settle 5,600 of those contracts, no one seems to care.
Speaking of the silver Comex, if you'd like to follow the open interest "situation", this link is updated each afternoon with new info. You might want to keep an eye on it.
Ok, then, here is a nice summer afternoon reading list. Some of these I found on my own, some of them were emailed to me. I, as your host, have deemed them all worthy of your time and attention. First up, on the subject of Europe, there's this:
But never forget, The U.S. is in just as bad of shape, if not worse:
And this doesn't involve any reading, just watching and listening.
Two interesting bits on last week's oil dump. Again, this didn't happen at crude $150, it happened at crude $95. Why? Why now?
Regarding the PMs, taxation and future confiscation, take some time to ponder this:
And lastly, just for fun, take a look at this. You know how much The Turd likes patterns and correlations so you can probably imagine just how interesting I found this "research" to be:
OK, that's all I have for now. Thanks again for being a part of the site and spreading the word! TF