‘Poised to Default’

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by Jesse

This from Dr. Harald Malmgren:

I am going to post the charts a bit early today. I will make any changes the next time that I post them on Monday.

Later-  I have added the additional charts including the gold and silver inventories.  Nice drawdown in Hong Kong.

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It is going to be raining here on and off all weekend. The young man had a half day at work, and we are going to do finish up a little light concrete work that I had started earlier today.

Stocks were weak until after the European close. They then drifted higher to finish the day largely in the green.

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Gold and silver were held in their current positions where they have been coiling for some days now.

Have a pleasant weekend.

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