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Gold Daily and Silver Weekly Charts – Metals Capped While the Stock Market Flies on Hot Money

from Jesse’s CafĂ© AmĂ©ricain

Draghi lit the markets’ fire with hot money pledges in Europe, but the metals were firmly capped.

This is standard operating procedure, especially on the day before a Non-Farm Payrolls report.

Intra-day commentary on single currency monetary theory and political organization here. It amazes me how few people seem to understand this. A single currency, which therefore dictates a single monetary policy, cannot span a political geography that does not have a tightly unified fiscal arrangement including transfer payments and revenue adjustments to accommodate regional conditions. Period.

This is why the push for a single world currency, while maintaining the promise of national independence, is a malignant myth of the would-be money masters.

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