Gold Daily and Silver Weekly Charts – Bonfire of the Vanities – Thanksgiving Holiday Thursday 26 Nov

“And when the last law was down, and the Devil turned ’round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws, from coast to coast, Man’s laws, not God’s!
And if you cut them down, and you’re just the man to do it, do you really think you could stand upright in the winds that would blow then?”
Robert Bolt, A Man For All Seasons
“Sherman, who started with so much, lost everything. But he gained his soul. Whereas I, you see, who started with so little, gained everything. ‘What does it profit a man if he gains the whole world, but loses…’ Ah well. There are compensations.”
Tom Wolfe, Bonfire of the Vanities
Gold and silver struggled to hold on to support today in a lackluster trade. They faded into what might best be described as a fairly irrelevant close.
There was a fairly large intraday comment here called ‘An Essay Considering the Current Monetary Orthodoxy and Gold.’
In this I consider a statement that seems to represent the picture, a collection of received catch phrases, that many financial journalists, and economists for that matter, walk around repeating as the commonly accepted dogma that signifies good standing in their profession.

This post was published at Jesses Crossroads Cafe on 20 NOVEMBER 2015.