Gold Daily and Silver Weekly Charts – ‘The Mother of All Short Squeezes’

“I think that what we need to do is pretty clear. If one views the current version of the Democratic establishment as a different kind of evil rather than the lesser of two evils, one has to withhold support and votes regardless of the consequences. For me, it will start by not voting for Hillary. Then perhaps it would be worthwhile to organize to challenge the corporate wing.”
Jesse’s Samoan Attorney
I hear this from quite a few of the professional class, who formerly might have leaned for the more liberal side of the political equation in the recent past.
Speaking of which I enjoyed this video interview with Thomas Frank about What Has Gone Wrong with the Democratic Party. I thought it was a brilliant dissection of what has happened with that party, and the liberal establishment in general. The GOP gets plenty of attention with its own problems, which are rather significant.
I normally do not follow party politics all that closely, but one would have to be fairly oblivious not to see the shifting of the bases under the established leadership of both parties in the US. And I believe that this has some analogues in Europe as well, and especially the UK and France.
And the times, they may be a-changin’.
Gold moved lower today WITH the dollar, as the VIX measure of volatility moved to its lows for this year at least, while the SP 500 and the Dow Industrial hit their highs for this year.
Smells like the end of quarter to me.

This post was published at Jesses Crossroads Cafe on 30 MARCH 2016.