The only funadmental in this market right now is fraud.

Gold gave up a little bit and silver gained some to close out the week.

The delivery reports for October are now coming in, and gold was off to a bang as Nova Scotia served up bullion markers for all those standing for delivery. Silver was relatively quiet.

Recovery Is Arriving On the Zimbabwe Express

Larry Summers thinks that it is time for more governments to start propping up their stock markets more overtly by the outright buying of stocks on a regular basis.  But he did somewhat ominously admit that 

"we are fairly near the end of the rope. Perhaps there is scope to reduce short-term interest rates a little bit more and to make them a little bit more negative. But there is not much scope.”

He also went on to observe that: "In a world where cutting-edge technology companies are awash with excess cash, it can hardly be a surprise that there is substantial downwards pressure on the level of real interest rates. Low neutral rates will be around “for a long time to come,” requiring policy makers to think more dynamically.

I had a chill run up my spine when the thought of President Hillary bringing him back into government again.  Heavens to the downward-spiral-of-elitist-new-era-thinking.

No wonder economics is a disgraced profession.  Some of its biggest and brightest stars are so conflicted by selfish interests and blinded by ideology that they could not formulate sustainable policy for a glee club.

Non-Farm Payrolls next week as noted in the economic calendar below.

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