14 February 2017

Stocks and Precious Metals Charts - Yellen and the Jawbone - Valentine's Day

"She is more precious than jewels— and nothing you could desire can even compare with her."

Proverbs 3:15

Fed chair Yellen made some hawkish noises concerning the possibility of a rate hike in March around 10 am EST.

That took the dollar up, and the precious metals down.

The PPI (wholesale price inflation) came in a little hot this morning.

There is no real sustainable recovery. The credibility trap has caused a great number of our ruling elite to become ineffective hypocrites.

But this is nothing new. People of privilege will go to great lengths when that privilege, long held, is threatened.

I do think that things are 'going to get real' as they used to say, probably later this year. Look for the next shoes to drop in Europe.  The EU is the paradigm of official folly.

Today is Valentine's Day. I spent quite a bit of it with mine.

Have a pleasant evening.