Stocks and Precious Metals Charts - The Tyranny of Idols and Counterfeit Gods

 

"When truth is replaced by silence, the silence is a lie."

Yevgeny Yevtushenko, Open Letter, NY Times, 1974

“The great enemy of truth is very often not the lie — deliberate, contrived and dishonest — but the myth — persistent, persuasive and unrealistic. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinion without the discomfort of thought."

John F. Kennedy, Commencement Address, Yale University, June 11, 1962

"The righteous hate words that are deceitful, but the lawless are shameless in their disgrace."

Proverbs 13:5

“Above all, do not lie to yourself.  A man who lies to himself and listens to his own lie comes to a point where he does not discern any truth either in himself or anywhere around him, and thus falls into disrespect towards himself and others.  Not respecting anyone, he ceases to love, and having no love, he gives himself up to passions and coarse pleasures in order to occupy and amuse himself, and in his vices reaches complete beastiality, and it all comes from lying continually to others and himself.  A man who lies to himself is often the first to take offense.”

Fyodor Dostoevsky, The Brothers Karamazov, 1880

“An idol is anything more important to you than God. Anything that absorbs your heart and imagination more than God. Anything you seek to give you what only God can give.”

Timothy Keller, Counterfeit Gods: The Empty Promises, 2011

It has been said that primitive societies build their gods from metal and stone, and advanced societies build theirs in flesh and blood.

Bully worship, the grave adoration of idols, is the cult of our modern sophisticates.

Stocks slumped badly today, but miraculously were pumped up slowly into the close to finish green.

Like the suppression of gold and silver, the inflation of overpriced equities can only continue for so long, can be hidden only for so long.

And then they will break free, and the results may be tumultuous.

There are ways to address this.  But our elites are so bought and complicit that I don't think we can make any progress on this, until we achieve political reform.

Gold and silver were smacked lower today.  It's mostly about the management of perceptions.

There will be a stock option expiration next week.

VIX came in hot but then drifted much lower, as the Treasury and Fed poured liquidity on troubled waters.

"The Employment Situation for September 2025 will be released on Thursday, November 20, 2025, at 8:30 AM Eastern Time."

None of this really matters in the long run.

In the short term, however, we have an obligation as with any generation to never give up the fight against the malign intents of the privileged few, and the ebb and flow of lawlessness.

Release the Epstein files, you lawless ones.

Audit the gold reserves, and make the information transparent and available.   This is the wealth of the nation, and you are only appointed caretakers, not rules. 

Have a pleasant weekend. 

Stocks and Precious Metals Charts - A Shelter in the Storm

 

"At times our own light goes out and is rekindled by a spark from another person. Each of us has cause to think with deep gratitude of those who have relighted the flame within us."

Albert Schweitzer

"The sinner, having forsaken the service of his God, falls under the dominance of Satan, and becomes the slave of his lowest passions, which are signified by the swine which the prodigal was forced to feed. But the more he obeys his passions, the more dissatisfied he becomes. No pleasure of the senses can give him happiness, and he feels an emptiness and spiritual hunger in his heart which he is powerless to satisfy. He knows no rest; he only knows that he is miserable, and hateful to himself...

Though the sinner has offended Him so grievously and so often, yet He does not reproach him, but forgives him everything, and restores him to his former rights and dignity of sonship.  God alone can love in this way, and to us this sort of love is inconceivable.  Our Lord portrays this narrow-mindedness of ours in the conclusion of the parable. 

The elder son cannot understand his father’s joy; he murmurs at it, and refuses to take part in it; and even professes to believe that his father prefers the returned prodigal to himself, the faithful, obedient and industrious son.  By this behaviour of the elder son our Lord signifies the jealousy of the Pharisees, who considered themselves to be just, and murmured at the deep interest which Jesus took in sinners."

Friedrich Justus Knecht, The Prodigal Son

‘Which of these three do you think was a neighbour to the man who fell into the hands of robbers?’ And the expert in the law replied, ‘The one who showed mercy to him.’ 

And Jesus said, ‘Go and do likewise.’"

Luke 10:36-37


We are all lost without the help of the Lord. 

Stocks slumped hard today, and a rally attempt into the close popped and flopped.

Is this the expected correction?   Maybe, it's too soon to tell.   

Stocks need to break quite a bit lower before we would start populating a CrashTrak model.

But as I have often said, we are one event, one crisis of sufficient magnitude away of a collapse in this bubbly market of mispriced risk.

Gold and silver gold off a bit.

Bitcoin has fallen to the bottom of its trading range.  A further decline could trigger some cascade selling as leverage starts to bite.

VIX climbed quite a bit.

Some of this may be due to the revelations that Donnie apparently was hiding the truth about his involvement in the Epstein affair, and several key figures of his cabinet are deeply compromised.

Or it could be the ongoing provocations and war crimes in Latin America that seem to be a conflict of opportunity for oil and distraction.

Or the boiling conflicts in the Mideast, which the US and UK enable. 

Or the proxy war in Ukraine.

Quite mess.

But it is not just a problem in the US.  As Matt Hoh observes, Europe Is at War With Itself. 

This is no isolated problem.  It is an infection of almost diabolical obsession throughout the West.

We are all lost without the help of the Lord indeed.

But the good news literally is that this help, this beacon of light in the storm, is always there for us.

We just have to let go of our pride and corrupt emotions and ambitions and choose to come home.

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Revelations: Approaching Peak Lawlessness

 

"You made this monster, and as long as things were going well you gave him whatever he wanted.  You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you.”

Friedrich Reck-Malleczewen, Diary of a Man in Despair, 1947

"So for one who knows the right thing to do and does not do it, it is a sin."

James 4:17

"I’m not against business, or profits, or becoming wealthy.  I have no problem with people becoming billionaires—if they got there by winning a fair race, if their accomplishments merit it, if they pay their fair share of taxes, and if they don’t corrupt their society.  But that’s not how most of the people mentioned in this book became wealthy.  Most of them became wealthy by being well connected and crooked.  And they are creating a society in which they can commit hugely damaging economic crimes with impunity, and in which only children of the wealthy have the opportunity to become successful. That’s what I have a problem with."

Charles Ferguson, Predator Nation, 2012

"If you have bitter jealousy and selfish ambition in your hearts, do not act proudly and tell lies against the truth. This 'wisdom' does not come down from above but is worldly, unspiritual, and demonic. For where jealousy and selfish ambition exist, there is lawlessness and every kind of evil."

James 3:14-16

"If there are damned souls in Hell, it is because men blind themselves.”

E.A. Bucchianeri, Faust: My Soul Be Damned for the World, 2010

The big news in the markets is the remarkable rebound of gold and silver from the opportunistic decline managed by the Banks in the latter part of October.

Silver in particular is in a very strong bull market.

What do you think that global market participants are telling us with this resilient strength in the price of gold and silver? 

The Dollar is muddling along.

VIX is sleepwalking along the rim of a volcano.

Bitcoin is still in harvesting mode, with the big market players shoving the price back and forth in a fairly well-defined trading range.

Hang on.  It's going to be a rough ride.

“So do not be afraid of them, for there is nothing which they conceal that will not be revealed, or hidden, that will not be made known. What is spoken in the dark will be heard in the light; what is whispered in the ear will be shouted from the rooftops." Matthew 10:26-27

Have a pleasant evening.

Stocks and Precious Metals Charts - Children of the Calf

 

“Possibly the most debilitating deception of all is to create a god of my own making, fool myself into believing that this limp god of mine is the true God, and then construct the entirety of my life on this flamboyantly fictional character.  Possibly the most devastating realization of all is when the real God shows up, and in the showing up all of this come crashing down.”

Craig D. Lounsbrough, Come As a Child, December 2017

"These are frightened hypocrites, who protest their outrage, and then hurriedly hide what they have done."

Victor Hugo, Les Misérables, 1862

"The German people slumber on in their dull, stupid sleep and encourage these fascist criminals; they give them the opportunity to carry on their destruction; and of course they do so. Is this a sign that the Germans are brutalized in their simplest human feelings, that no chord within them cries out at the sight of such deeds, that they have sunk into a fatal lack of conscience from which they will never, never awake?"

The White Rose, Second Leaflet, Munich 1942

"Be glad as children, as the birds of heaven. And do not let the sins of men confound you in your doings. Do not fear that they will wear away your work and hinder its being accomplished.  Do not say, 'Sin is mighty, wickedness is mighty, evil environment is mighty, and we are lonely and helpless, and evil environment is wearing us away and hindering our good work from being done.'  Of the pride of Satan what I think is this: it is hard for us on earth to comprehend it, and therefore it is easy to fall into error and to share in it, even imagining that we are doing something grand and fine."

Fyodor Dostoevsky, The Brothers Karamazov, pages 407-8, 1880

"The souls of the righteous are in the hands of God,
     and no torment shall ever touch them.
They seem, in the view of the foolish, to be dead;
     and their passing is thought an affliction
     and their going forth from us, devastation.
But they are content in the presence of God."

Wisdom 3:1-3 

 

When the time comes those who call themselves religious and  'worship' in the form of self-fashioned false gods of personal power are going to be left yammering, gape-mouthed as their cults are shown in their true ugliness, and crumble from their hands into dust.

Stocks were wobbly overnight, but managed to recover much of their losses into the close.

The economic data this morning in the form of the ADP jobs creation number was a pretty grim negative.

Gold and silver were being pushed lower in the late morning after an early rally, but then managed to come back for solid gains at the close.

Gold and silver are definitely telling us something, probably some unpleasant truth that the elite wish for us to ignore. 

The VIX drifted lower yet again down to its 50 DMA.

These jokers may paint the tape in the most heavy-handed manner, but the false gods of their cult isn't going to collapse pretty badly in the face of reality.

It would be a shame if we allow them to avoid the consequences of their bad actions, and even worse, to walk away with fat profits from their lawlessness again.

Have a pleasant evening.