Gold Daily and Silver Weekly Charts - La Douleur du Monde - Risk Off on Hope of Sorts

Today was a 'risk off' day, and the safe havens were scorned in favor of riskier red meat, namely stocks.

The meme on the desks was that the markets had priced in a disorderly Greek default, but now expectations are set for an orderly Greek default, hence the rally. The Street is still expecting a default, but one with a tighter blast perimiter, namely confined to continental Europe, with all