16 June 2020

Stocks and Precious Metals Charts - Bring Out Your Bonds..... - Quad Witch Option Expiration on Friday


“I believe order is better than chaos, creation better than destruction. I prefer gentleness to violence, forgiveness to vendetta. On the whole I think that knowledge is preferable to ignorance, and I am sure that human sympathy is more valuable than ideology. I believe that in spite of the recent triumphs of science, men haven't changed much in the last two thousand years; and in consequence we must try to learn from history. History is ourselves.

I believe in courtesy, the ritual by which we avoid hurting other people's feelings, by satisfying our own egos. And I think we should remember that we are all part of a great whole, which for convenience we call nature. All living things are our brothers and sisters."

Kenneth Clark, Civilisation


"At the root of America's economic crisis lies a moral crisis: the decline of civic virtue among America's political and economic elite. A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world."

Jeffrey Sachs


"In the end the only real tragedy is not to have been a saint."

Leon Bloy

The Retail Sales number rebounded much more strongly month over month than anticipated.

Although the number was highly contrived, nevertheless it was good enough for those who are touting a V-recovery.

The FED is buying corporate debt.

You know, those bonds that corporations were issuing in big numbers to buy back their stock, to prop up the price and fatten their stock options.

So stocks rallied, although they were unable to hold on to their highs.

Gold and silver struggled again today.

The Dollar moved slightly higher.

Tony Sanders informs us that roughly 19% of all US corporations today are 'zombie firms.'

The looting is being taken to a whole new level.
"You pompously call yourselves Republicans and Democrats.  There is no Republican Party.  There is no Democratic Party. There are no Republicans nor Democrats in this House.  You are lick-spittles and panderers, creatures of the plutocracy.”

Jack London, The Iron Heel
The world does not love you.

Those dark powers of the world whom you serve are like ravening lions, seeking only to devour you.

Time to leave their service, and come home.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant evening.