“He who makes a beast of himself gets rid of the pain of being a man.”

Samuel Johnson

The metals were held in place today, consolidating their recent gains at the top of the support.

I am sure that some day we will be offered this elaborate story of how the Western central bankers used our gold to hold the line for the sake of the system.

This is their mandate, to insure the integrity of the currency, while printing bushel loads of hot money and handing it right over to their Banking friends.

If this goes badly, I would have no doubt that some unwitting ‘public servants' are going to get thrown to the wolves and under the bus.  Michael Hayden is getting slathered up with barbeque sauce, and no doubt will be offered as red meat, the torturer-in-chief, if it comes to it.  Finger lickin' good. 

The higher ups don't know anything about anything about nothing. They barely know what day it is, or what their favorite magazines and newspapers might be.  Well, in a few cases we could believe it.

Like CEOs they are paid enormous sums and hold tremendous power, but when something goes wrong claim to walk around in an uninvolved, Alzheimer's like fog, oblivious to the workings of their own organizations and unaware of their own directives.

Or just good natured bumblers, who in a genuine belief crashed the economy, while pursuing insane ideological assumption put forward by vested interests, and crushing all dissent with the political skills of a Machiavelli. 

They are just hapless and good natured bumblers. Remember when Uncle Benny accidentally dropped the Thanksgiving turkey? Ho ho was that funny. Bad on him.

Let's see if gold can break out here without too many other gyrations or retests.

FOMC meeting next week.  Russian central bank meets on Thursday.

Have a pleasant evening.