11 June 2020

Stocks and Precious Metals Charts - And No One Could Have Seen It Coming


"A person will reap what he sows.   The one who sows for his flesh will reap corruption from the flesh, but the one who sows for the spirit will reap eternal life from the spirit.  Let us not grow tired of doing good, for in time we shall reap our harvest, if we can remain standing."

Galatians 6:7-9


"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky.  There have always been plagues and wars, yet they always take us by surprise.  When war breaks out people say it's stupid and won't last long.  Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves.  In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague

The sock puppets and spokesmodels of financial TV were not chuckling today.

Stocks corrected hard.

The rise up was a Ponzi scheme, financed by the Fed and aided and abetted by the moneyed interests and their enablers.

Gold and silver were sold off as liquidation was the general rule of the day.

I think the way the NDX plummeted through its hard won prize of 10,000 surprised quite a few.

Well that is how these things go.

Let's see if this wash and rinse has run its course.

There will be more surprises and excitement to come.

This is hardly the worst.

Have a pleasant evening.