As most of us "met" each other through ZeroHedge, it's probably unnecessary for me to point out articles from there which you need to read and study. However, many Turdites are unfamiliar with ZH and most Turdites are often so busy that some of the days events are easily overlooked. Therefore, I present to you these three, terrific articles for your review and consideration.
First up, here's a fantastic summary of the impacts of today's move by the Swiss National Bank to peg their currency to the euro:
https://www.zerohedge.com/contributed/swiss-move
We were all a bit disgruntled today by the PM market's inexplicable response to the move by the SNB. The post below explains things quite well:
https://www.zerohedge.com/news/thank-you-swiss-national-bank-2000-gold
This lengthy missive by Charles Hugh Smith gets a number of things right about the long, sad decline of the "Western", Keynesian economies.
https://www.zerohedge.com/news/guest-post-currency-wars-trade-and-consuming-crisis-capitalism
Lastly, Trader Dan no longer has the time to post every day but, when he does, it's a MUST READ. As is the case today:
https://traderdannorcini.blogspot.com/2011/09/daily-comments.html
Here are your updated charts. Both silver and gold turned in very disappointing days today but all is not lost. Both are heading into a critical 24-36 hours where the next short-term trend will be determined. On Friday, I was 90% certain that the next trend was UP. After today, I've dropped to about 60%. In any event, we'll know very soon.
Have a great evening. Be sure to watch the overnight action as it promises to be interesting. TF
