Yes folks, hide your wealth, your emerging markets, and what remains of your living wage jobs, it's that time of year again, when the great herd of economists and financial news readers follow Cowboy Jay and his hole in the head gang to Jackson Hole.

The inscrutable in pursuit of the unsustainable.

Stocks were largely unchanged today. Tech was the weak link in the chain. Since it is the heart of the latest 'new era' style bubble that bodes ill for this latest pile of paper assets.

Gold rallied again from the deep low it set last week at $1159. It is so deeply oversold for the short term that a rally here is to be expected. We'll have to see what happens next to determine if this is a true trend change or not.

Silver is facing the headwinds of a meaningful option expiration coming on the 28^th. Gold's contract is now further out so it will most likely just be hanging around on the corner for this latest scrap between paper and physical.

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