“Heroes. Victims. Gods and human beings. All throwing shapes, every one of them Convinced he’s in the right, all of them glad To repeat themselves and their every last mistake, No matter what.”
Seamus Heaney, The Cure At Troy
Today was the first position day for the October metals contracts. First delivery will begin on Wednesday, 1 October.
China will go on a one week national holiday for ‘Golden Week’ on 1 October as well.
There was nothing of particular interest in the delivery reports on the Comex for Friday, and some minor movements of bullion out of their warehouses and registered categories.
We are in an endgame. We do not know how long it will last. But the East is buying bullion with paper money at a fairly stiff pace. And since the financiers have not yet figured out how to create real precious metals, just fakes and frauds of them, there will be an end to this.
The Recovery is a charade. The reason for this is quite simple, and it can be seen in one chart here.
It should be no surprise that the pig men are getting carried away. There does not appear to be anyone to save them from themselves this time, to raise a flag and turn them at the edge of the abyss. Who could stop, when it feels so good to be winning.
This post was published at Jesses Crossroads Cafe on 29 SEPTEMBER 2014.
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