What are you doing, New Year's Eve? Well, if you're like me, you're cleaning the house on the orders of the Mrs. In between chores, however, I figured you might be looking for a distraction so I present these two items.
Just wanted to take a moment and add a few thoughts to the previous post.
I wrote that post late Wednesday with the intention of keeping it up all day yesterday. I had a hunch that The Cartel would try to gun the PMs yesterday and they did. Is it a concern that they were able to smash gold through 1550? Of course. However, it's not the end of the world by any means.
Because it's all just nonsense. The euro just dropped for no real reason. The incumbent rise in the dollar caused the metals to take the elevator down about 5 floors. Silver has broken through 28 and looks now to be headed toward 26. Maybe by next week we can begin to assess the damage The Cartel is inflicting. Until then, all we can do is watch.
Has this ever happened to you? Your spouse or "significant other" tells you something like "let's not spend money on each other this year". Let's just get "one or or two small presents" and spend money on other stuff, instead. Then you wake up on 12/23 and find all sorts of presents with your name on them under the tree and realize that, instead of relaxing, you'd better get your arse back to the mall...fast! That's where I'm headed today but first, this quick update.
I found our next holiday video while listening to Glenn Back back in 2007. It's a sort of anti-PC anthem. If you are overtly political or easily offended, I suggest you simply skip it. If you're not, you'll likely have the frustratingly catchy chorus stuck in your head all day.
We speculated yesterday that today would be another "Happy Tuesday" where The Cartel relents and the metals rise as short positions are covered. Looking good so far. Before we get started, though, a holiday treat that the LTs introduced me to last year.
The Twelve Pains of Christmas - Club Penguin Edition