Stocks and Precious Metals - Terrible Visions

 

Jesus said to the crowds,
"When you see a cloud rising in the west
you say immediately that it is going to rain–and so it does;
and when you notice that the wind is blowing from the south
you say that it is going to be hot–and so it is.
You hypocrites.
You know how to interpret the appearance of the earth and the sky;
why do you not know how to interpret the present time?
Why do you not judge for yourselves what is right?"

Luke 12:54-57

"While some were speaking in the temple, and remarking how lavishly it was adorned with costly stones and beautiful memorials, Jesus said, 'These things that you see — the days will come when there will not be left a stone upon another stone that will not be thrown down.'

And they asked him, 'Teacher, when will this be, and what sign will there be when all these things are about to happen?' And Jesus said, 'See that you are not deceived, for many will come in my name, saying, ‘I am he,’ and ‘The time has come.’ Do not follow them. When you hear of wars and rebellion, do not be afraid, for such things must happen first. But it will not yet be the end.' Then he said to them, 'Nation will rise against nation, and kingdom against kingdom. There will be powerful earthquakes, famines, and plagues from place to place. And awesome sights and mighty signs will come from the sky.'

When you see Jerusalem surrounded by armies, then you will know that the time of its desolation draws near. Then those in Judea must flee to the mountains, and those in the midst of the city must leave, and those in the country should not return. For these are the be days of God’s judgement, so that all that has been written may be fulfilled.'"

Luke 21:5-11

"They asked, 'Where will this happen, Lord?' And Jesus said, 'Where death is, there a gathering of vultures will be.'”

Luke 17:37


And so my vacation continues.

Just a quick note for the end of the week. 

Risk assets rallied today when the inflation data this morning was seen as benign.

This is seen as opening the door for more Fed rate cuts.  

How is it that we are able to get inflation data, but not employment statistics with the government shutdown? 

The markets are broadly discounting the approaching recession and intensifying geopolitical risks. 

Be not deceived, for God is not mocked.  What a man sows, so shall he reap.

Galatians 6:7

And when the reckoning comes, as it must, who then will remain standing? 

Have a pleasant weekend. 

Stocks and Precious Metals Charts - Brood of Vipers

 

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects.  Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."

R. J. Rummel, Death by Government: A History of Mass Murder and Genocide Since 1900, 1994

"The Barbarian hopes — and that is the mark of him, that he can have his cake and eat it too. He will consume what civilization has slowly produced after generations of selection and effort, but he will not be at pains to replace such goods, nor indeed has he a comprehension of the virtue that has brought them into being. Discipline seems to him irrational, on which account he is ever marveling that civilization, should have offended him with priests and soldiers.

We sit by and watch the barbarian. We tolerate him in the long stretches of peace, we are not afraid. We are tickled by his irreverence; his comic inversion of our old certitudes and our fixed creed refreshes us; we laugh. But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles."

Hillaire Belloc, The Barbarians, 1912

"Evil when we are in its power is not felt as evil but as a necessity, or even a duty. As soon as we do evil, the evil appears as a sort of duty. As soon as men know they that they can kill without fear of punishment or blame, they kill; or at least they encourage killers with approving smiles."

Simone Weil, La Pesanteur et la Grâce, 1947

"Surely, there is at this day a confederacy of evil, marshalling its hosts from all parts of the world, organizing itself, taking its measures, enclosing the Church of Christ as in a net, and preparing the way for a general Apostasy from it. Whether this very Apostasy is to give birth to Antichrist, or whether he is still to be delayed, as he has already been delayed so long, we cannot know; but at any rate this Apostasy, and all its tokens and instruments, are of the Evil One, and savour of death."

John Henry Newman, The Time of AntiChrist,

Just charts tonight.

Sometimes I just don't have the words.   

And besides, I'm on vacation. 

Stocks and Precious Metals Charts - Gold and Silver Roaring Back from the Option Expiration

 

"There was a rich man whose land produced a bountiful harvest. And he asked himself, ‘What shall I do, for I do not have enough space to store my harvest?’ And he thought, ‘This is what I shall do: I shall tear down my barns and build larger ones. There I shall store my grain and other goods, and I shall say to myself, 'Now as for you, you have so many good things stored up for many years, rest, eat, drink, be merry!'’

But God said, ‘You fool. This very night your life will be demanded of you. And all these things you have prepared, to whom will they belong?’ Thus will it be for the one who stores up treasure for himself on earth, but is not rich in what matters to God.”

Luke 12:16-21

"But these people abuse what they do not understand, and the very things they do follow by instinct, like beasts, will destroy them."

Jude 1:10

“God has created me to do Him some definite service. He has committed some work to me which He has not committed to another. I have my mission. I may never know it in this life, but I shall be told it in the next. I am a link in a chain, a bond of connection between persons. He has not created me for naught. I shall do good; I shall do His work. I shall be an angel of peace, a preacher of truth in my own place, while not intending it if I do but keep His commandments.

Therefore, I will trust Him, whatever I am, I can never be thrown away. If I am in sickness, my sickness may serve Him, in perplexity, my perplexity may serve Him. If I am in sorrow, my sorrow may serve Him. He does nothing in vain. He knows what He is about. He may take away my friends. He may throw me among strangers. He may make me feel desolate, make my spirits sink, hide my future from me. Still, He knows what He is about.”

John Henry Newman

"The demon's target is not the possessed; it is us the observers— everyone in this house. The point is to make us despair, to reject our humanity, to see ourselves as bestial, vile and putrescent, without dignity, ugly, unworthy."

William Peter Blatty, The Exorcist, May 1971


I am still on vacation, but how could I not take note of the absolutely crushing comeback of the precious metals today, in their generational bull market. 

Gold and silver came roaring back after the take down on Friday for stock option expiration.

Risk was off the table as the VIX fell and stocks rallied back towards their higher highs.

Bitcoin bounced.

Kind of an odd day, with few of the usual cross market relationships resonating.

Maybe the markets were celebrating no outbreak of war over the weekend.

This is really going to hurt when it reverts to the mean.

All kidding aside, I am wondering what it is going to take to get a few of our leaders from around the world under adult supervision.   

It's like a flash mob of lies and lunacy.

Have a pleasant evening. 

Blind Pride, Silent Providence

 

"Something strange is happening.  There is a great silence on earth today, a great silence and a stillness.  The whole earth keeps silence because the King is asleep.  The earth trembled and is still because God has fallen asleep in the flesh.  And He has raised up all who have fallen asleep ever since the world began.  God has died in the flesh, and Hell trembles with fear."

Epiphanius, Bishop of Cyprus, Holy Saturday: The Lord Descends Into Hades, 403 AD


"Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring.  This is what baffles the power of Satan.  He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it."

John Henry Newman

And after all his endless schemes, to crush and betray and the Son of Man, when did the angel of darkness finally realize that in his schemes, that awful death upon that hill, he had achieved no victory but his own defeat, in the redemption of the world.  And a great light and life had come to a fallen race, who had walked so long in blindness, in a darkened land.

What was his agony in understanding, this is our joy.  And the angel was fallen, blinded by his pride, again.

"But when he returns, will the Son of Man find any faith left on earth?”
Luke 18:8

For we too are made blind by pride, by our own willful desires, and turning away from the light, abandon love, and will not serve. And are proud of it.

Stocks and Precious Metals Charts - Stock Option Expiration

 

“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”

George Orwell, 1984

"Every single empire in its official discourse has said that it is not like all the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't trust the evidence of one's eyes watching the destruction and the misery and death brought by the latest mission civilizatrice."

Edward W. Said, Orientalism , 1978

"When a man takes an oath, Meg, he's holding his own self in his own hands. Like water. And if he opens his fingers then— he needn't hope to find himself again."

Robert Bolt, A Man For All Seasons, 1960

“What I have been trying to say to intellectuals, preachers, scientists - as well as more generally to the public, can be put into one sentence: drop the liberal rhetoric and the conservative default; they are now parts of one and the same official line [prevailing narrative]; transcend that line. 

We must come to understand that the exercise of responsibility is diminishing and in fact becoming organized as irresponsibility. We must hold men of power variously responsible for pivotal events, we must unmask their pretentions - and often their own mistaken convictions - that they are not responsible. Our politics, in short, must be the politics of responsibility.”

C. Wright Mills, The Politics of Responsibility, 1960

"Religion, opium for the people. To those suffering pain, humiliation, illness, and serfdom, it promised a reward in an afterlife. And now we are witnessing a transformation. A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, we are not going to be judged.”

Czeslaw Milosz, Discreet Charm of Nihilism, New York Review, November 1998


Today was a stock option expiration.

Did you notice?

I'm getting a lot done on my 'vacation.'

What the Western elite have become rings hollow, with a breath of hellfire from the bowels of the abyss.

"The ambition of Caesar and of Napoleon pales before that which could not rest until it had seized the minds of men and controlled even their unborn thoughts.  The very banality and innocence of the first act only allowed the blow to fall afterwards with more awful effect — this beautiful, stupendous creation, terrible in its simplicity, irresistible in its truth ― a world which now trembles before the King in Yellow.” 

Robert W. Chambers, The King In Yellow

Our exceptional moderns do not fall to the irresistible persuasion and promises of Antichrist.  

They throw themselves like wantons at its feet, fawning and flattering for favors before the very incarnation of evil.

As old as Babylon, and evil as sin. 

Pray to see the evil as it is, so that you may save yourselves and your own. 

For many are sliding blindly into the abyss. 

Have a pleasant weekend. 

Stocks and Precious Metals - Gold and Silver to New Highs - A Sign for the Times

 

"What theology, history and common sense have taught me is that the civilizations which allow the gap to widen between the ideal to which they claim and the realizations which they propose of it, these civilizations are dying of their hypocrisy.“

Henri-Irénée Marrou, France ma patrie, Le Monde, 5 avril 1956

"You are a sinful nation, weighed down by lawlessness. A race of corrupt and wicked children, you have forsaken your Lord, despised the Holy One of Israel, and turned your backs to him."

Isaiah 1:4

"From the least to the greatest, they are greedy for unjust gains - and from prophet to priest they all deal falsely.  They have treated the suffering of my people carelessly, saying, ‘Peace’ when there is no peace.  They act shamefully, they bring forth abominations.  And yet they are not ashamed, and do not even know how to blush. In the days of judgement they will stumble, and shall be found among those who are fallen."

Jeremiah 6:13-15

"We have learned nothing, and are emboldened by our willful ignorance. We make beasts of ourselves, to avoid the pain of our lack of humanity. We make a private cult out of our own childlike selfishness, sinning shamelessly against the word and the spirit. We lay down with swine, and call it greatness."

Jesse, 8 October 2021

"And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’”

Luke 16:30-31


Still on vacation, but these moves in the precious metals are notable.

Enjoyable, but edgy. 

Gold futures closed at a new all time high of 4322.

Silver rallied higher as well, pegging a close above 53.

VIX spiked.

The Dollar continued to slide. 

Stocks traded weakly with a little rally back in the quiet afternoon.

Stocks are one event away from a notable correction. 

"While they were admiring the temple, adorned with costly stones and offerings, Jesus said, 'All that you see here, the days are coming when there will not be left one stone upon another stone, that will not be thrown down.'"

Luke 21:5

And no one could see it coming.

Have a pleasant evening.