Though Christmas isn't until next Tuesday, this week seems like Holiday Week in that we will see less and less volume and activity as the week progresses. It will also seem like Holiday Week as each day I will post one of my favorite holiday classics. Here's the first one, you hoser:
And now onto today's post.
Blah, blah, blah, metals down overnight, blah, blah, stocks up, blah, blah, chart lousy, blah, blah, blah, Cartel, blah, blah, evil, blah, blah, blah, manipulate, blah, blah, support, blah, blah, blah, rally, blah, blah, blah, vindication.
OK, now that you're caught up and ready to take on the week, here are two charts for you to review. The basic thesis is this: A couple of months ago, many pundits/analysts were quick to point out the massive, cup-and-handle formations on the longer-term charts. Now, since the "handles" are taking a bit longer to form than the collective attention span permits, it seems this very important technical feature has been forgotten. Well, not here at TFMR. As with anything, patience is required and we must give this stuff time to play out.
A few other things that are driving me bananas:
Finally, I gave everyone the previous thread to argue about "gun control". I hope the arguers had fun because the party stops here. Why, you ask? Because first of all this is a precious metals forum. Folks from all over the world visit this site to read about precious metals, not gun control arguments. And, second...and this is probably more important...nothing anyone posts here is going to change any minds or make a rat's ass bit of difference. Events happen and politicians react, regardless of your personal beliefs. No amount of name-calling and bickering on this site is going to change/affect anything. So, the gun control debate here on the main thread is officially closed and all derisive/abusive comments posted here will be deleted. If you want to continue discussing this issue, I invite you to visit the new thread I've created in the "Current Events" forum specifically for this purpose. https://www.tfmetalsreport.com/forum/4385/gun-control-post-ct-massacre
And if you haven't yet listened to the podcast posted from back on Friday, I urge you to do so. Of all the recent interviews, this latest one with Alasdair Macleod has received the consistently best reviews.
Have a great day.