‘Poised to Default’

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.

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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