08 February 2017

Stocks and Precious Metals Charts -The Beat Goes On - Hollow Men

“Pity the nation whose people are sheep,
and whose shepherds mislead them.
Pity the nation whose leaders are liars,
whose sages are silenced,
and whose bigots haunt the airwaves.
Pity the nation that raises not its voice,
except to praise conquerors
and acclaim the bully as hero
and aims to rule the world with force and by torture.
Pity the nation that knows no other language but its own
and no other culture but its own.
Pity the nation whose breath is money
and sleeps the sleep of the too well fed.
Pity the nation — oh, pity the people who allow their rights to erode
and their freedoms to be washed away.
My country, tears of thee, sweet land of liberty.”

Lawrence Ferlinghetti, New Poems, City Lights

"Were all stars to disappear or die,
I should learn to look at an empty sky
And feel its total dark sublime,
Though this might take me a little time.”

W. H. Auden

The SNAP IPO continues lumbering on. Here is a recap of the deal.

As you may recall, I have a theory that the market does not correct until this oinker slouches towards Wall Street and is finally born.

The evening news is generally about the latest political outrage and stunt in Washington DC.

Gold and silver are moving higher towards the next serious level of overhead resistance, which is fairly prominently indicated on the charts.

While I like the action, I think it will be much more impressive later this year when it is moving fifty to one hundred dollars over for gold, and a dollar or two for silver.

Wild times, in other words.

It was 60 degrees and Springtime here today. Tomorrow we are expecting a storm to dump ten inches of snow on the NYC metro area. That may put a crimp in the wiseguys' commutes. Hide the women and children, and batten down the hotel bars.

Headpieces filled with straw. Alas!

Have a pleasant evening.