15 July 2026

Stocks and Precious Metals Charts - Among the People of the Lie

 

"Pride is the beginning of all sin. Every sin is a contempt of God, and every contempt of God is pride. It is pride which brought down the angel into devil. It is the origin of sin when with malice and envy the devil pursued man, who was yet standing in his natural innocence. It subverted him in the same way in which he himself fell. For the serpent sought for the door of pride through which to enter when he said, 'You shall be as gods.'"

Augustine of Hippo, On Nature and Grace, 415 AD

"Evil is the force, residing either inside or outside of human beings, that seeks to kill life or liveliness. And goodness is its opposite. Goodness is that which promotes life. When I say that evil has to do with killing, I do not mean to restrict myself to corporeal murder.  Evil is that which kills spirit.  

The evil deny the painful awareness of their sin, inadequacy, and imperfection by casting their pain onto others through projection and scapegoating.  They themselves may not suffer, but those around them do.  Evil originates not in the absence of guilt but in the effort to escape it.

Malignant narcissism is characterized by an unsubmitted will.  All adults who are mentally healthy submit themselves one way or another to something higher than themselves, be it God or truth or love or some other ideal. They believe in what is true rather than what they would like to be true. 

To a greater or lesser degree, all mentally healthy individuals submit themselves to the demands of their own conscience. Not so the evil, however.  In the conflict between their guilt and their will, it is the guilt that must go and the will that must win.

This willful failure of submission that characterizes malignant narcissism is depicted in both the stories of Satan and of Cain and Abel. Satan refused to submit to God's judgment.  For Satan to have accepted God's judgment, he would have had to accept his own imperfection. This he could not or would not do. It was unthinkable that he was imperfect. Consequently submission was impossible and both the rebellion and fall inevitable.

It is no accident that Church authorities have generally considered pride first among the sins. By the sin of pride they do not generally mean the sense of legitimate achievement one might enjoy after a job well done. What is meant is rather a kind of pride that unrealistically denies our inherent sinfulness and imperfection — a kind of overweening pride or arrogance that prompts people to reject and even attack the judgment implied by the evidence of their own inadequacy.

The fact of the matter is that some of us are very good and some of us very evil, and most of us are somewhere in between.  We might therefore think of human good and evil as a kind of continuum.  As individuals we can move ourselves one way or another along the continuum.  Just as there is a tendency for the rich to get richer, however, and the poor to get poorer, so there seems to be a tendency for the good to get better and the bad to get worse.  Erich Fromm spoke of these matters at some length:

"The longer we continue to make the wrong decisions, the more our heart hardens; the more often we make the right decision, the more our heart softens—or better perhaps, comes alive.  Most people fail  because they do not wake up and see when they stand at a fork in the road and have to decide.  With each step along the wrong road it becomes increasingly difficult for them to admit that they are on the wrong road."   Erich Fromm, The Heart of Man: Its Genius for Good or Evil
As a result of their refusal to tolerate the sense of their own sinfulness, the evil ones become uncorrectable grab bags of sin. They are, in my experience, remarkably greedy people. All sins betray — and isolate us from — both the divine and our fellow creatures.

It is almost common knowledge that the best way to cement group cohesiveness is to ferment the group's hatred of an external enemy.  Deficiencies within the group can be easily and painlessly overlooked by focusing attention on the deficiencies or 'sins' of the out-group.  

Evil individuals will flee self-examination and guilt by blaming and attempting to destroy whatever or whoever highlights their deficiencies. Group leaders in all places and ages have therefore routinely bolstered group cohesiveness in times of failure by whipping the group's hatred for foreigners or 'the enemy.'

Since the evil, deep down, feel themselves to be faultless, it is inevitable that when they are in conflict with the world they will invariably perceive the conflict as the world's fault. Since they must deny their own badness, they must perceive others as bad. They project their own evil onto the world. They never think of themselves as evil; on the other hand, they consequently see much evil in others.

We are all in combat against evil.  In the heat of the fray it is tempting to take hold of some seemingly simple solution—such as 'what we ought to do is just bomb the hell out of those people.'  But we run up against the old problem that the end does not justify the means.  If we kill those who are evil, we will become evil ourselves; we will be killers.  If we attempt to deal with evil by destroying it, we will also end up destroying ourselves, spiritually if not physically.

Evil people feel themselves to be perfect. At the same time, however, I think they have an unacknowledged sense of their own evil nature.  It is this very sense from which they are frantically trying to flee. The essential component of evil is not the absence of a sense of sin or imperfection but the unwillingness to tolerate that sense.  At one and the same time, the evil are aware of their evil and desperately trying to avoid the awareness.

Utterly dedicated to preserving their self-image of perfection, those I call 'evil' are unceasingly engaged in the effort to maintain the appearance of moral purity. While they seem to lack any motivation to be good, they intensely desire to appear good. Their goodness is all on a level of pretense.  It is, in effect, a lie. This is why they are 'the people of the lie.'"

M. Scott Peck, The People of the Lie, 1983

“When pride comes, then comes disgrace. But with disgrace comes humility, and with humility comes wisdom. The humility of the righteous will guide them, but the deceitfulness of the proud will destroy them."

Proverbs 11:2-3

Trump tried to promote some news about Iran desperately seeking ceasefire talks again today, but most normal people just saw it for what it was.  

In addition to their usual dismissal of this sort of whopper, Iran also came out with a funny statement, saying that they estimate that Trump et al. have made billions of dollars in manipulating markets, and would like to have a cut of the profits.

Sorry guys.  You have to go along with the grift to get paid.   

The Dollar fell.

Bitcoin bounced a little, but is still in its trading range.

VIX fell of course.   There is no risk when you are the masters of the world.

Gold gained a little, with its biggest gain early in the day.

Silver was hit fairly hard but managed to gain back much of its losses.

Did I mention that there is an option expiration on Friday?

Even in time of war, the pampered elite are fully capable of multi-dimensional profiteering.

It's how they maintain their privileged lifestyles and standards.

'Quote sites' on the internet and ChatGPT are abundant sources of red herrings about quotations, many of which are self-referential and utterly spurious.  It takes patience and a willingness to look for the originals and search them to find out what it real and what is not.

It is very much like making sense of the 'news' about the economy and the markets these days, with plenty of spurious nonsense being put out by the financial spokesmodels and ChatDJT.

And after the bell, Argentina 2 - England 1. 

Have a pleasant evening.

14 July 2026

Stocks and Precious Metals Charts - The Life of an Existential Void

 

“He speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.”

Marcus Tullii Ciceronis, Orationum Pars I, Venice, 1554

"But God said to the worldly man, ‘You fool, this very night your life will be demanded of you, and the things which you have prepared, to whom will they belong?’ Thus will it be for all who store up worldly instruments for themselves, but are not rich in the things that matter to God.”

Luke 12:20-21

"It’s not just America. The whole world has sort of turned muddy. By and large, the world is increasingly run by ignoramuses, wackos and psychotics. This was long before Donald Trump. But we’ve got more crazy people running the world now than ever. Do you really want me to try and make you feel better? Because I want you to make me feel better. This is where we are. It is incredibly messy. If I were the Democrats I would stop worrying about Donald Trump and start talking to the American people about jobs and health care.  I think it’s inevitable that you don’t get truth-tellers. I want the American people to stop believing everything they hear and to ask more questions, to become more skeptical."

Chauncey Devega, Interview with Seymour Hersh, Salon, July 23, 2019

"Having fallen from the eternal, the evil one's desires are endless, insatiable. Having fallen from pure Being, he is driven by the desire to possess, to fill his emptiness. But the problem is insoluble, always. He is compelled to have and to hold, to possess and consume, and nothing else. All he takes, he destroys. He can create nothing, because he has no being. Therefore he can only copy, distort, or steal. His greatest masterpiece is a flawless counterfeit of reality, a mirage designed to make us believe that the void is full, and that death is life."

Denis de Rougemont, La Part du Diable, 1942

"Listen then to what the parable of the sower means. When anyone hears the good news and does not understand it, the evil one comes and snatches away what was sown in their heart. This is the seed sown along the path. The seed falling on rocky ground refers to someone who hears the word and at once receives it with joy. But since they have no firm roots, they last only a short time. When trouble or persecution comes because of the word, they quickly fall away.’

Matthew 13:18-22


The Consumer Price Index data came in 'better than expected' this morning.   They were particularly irrelevant, even given their dubious authenticity, because of the recent spikes in the price of oil which it does not even begin to capture.

So stocks bounced, the Dollar eased.

Gold and silver rallied back, Bitcoin bounced.

VIX of course fell.

There will be an option expiration on Friday.

I think the pricing discovery mechanics of the US risk markets is broken.

Nothing too surprising if you believe that we are in a late stage asset bubble.

The conflict in the Persian Gulf is intensifying.  The Ukraine is as well.

What's odd is that most of the involved parties are attempting to avoid climbing the escalation ladder, with a few notable exceptions from those who it appears are on the losing end of things at least for now.

How long can this be sustained? 

Ladies and gentlemen, place your bets.

Have a pleasant evening.

13 July 2026

Stocks and Precious Metals Charts - Before a Towering Babel of Lies

 

“To live in truth is to be in harmony with one’s conscience.  Truth always unites and bonds people.  The greatness of truth terrifies and exposes the lies of small, fearful people.  For centuries, an unbroken struggle against truth has been waged.  Yet truth is immortal, while a lie dies a quick death.

To master the technique of systematic lying many people are needed.  But not many are needed to proclaim the truth. A small band of people of truth is enough — they will radiate it.  People will find them on their own and come from afar to listen to the words of truth.  We cannot accept or be satisfied with easy, superficial, propaganda imposed by force.  We must learn to distinguish lies from truth. This is not easy in the times in which we live — times in which, as a contemporary poet has said, 'never before have the backs of our people been so cruelly scourged with the whip of lies and hypocrisy.

Peace cannot be understood as the forced silence of the people. Ideologies based on lies and violence collapse; they bear evil fruit and moral devastation. We have far too many examples of this in the history of Europe and the world.

The fundamental condition for man’s liberation toward acquiring truth and living by the truth is to stand with the virtue of courage. The sign of Christian courage is the struggle for truth.  The virtue of courage is overcoming human weakness, especially worry and fear.  For in life we should fear only the betrayal of Christ for a few pieces of silver in exchange for empty peace.

It is not enough for a Christian merely to condemn evil, lies, cowardice, enslavement, hatred, and violence.  A Christian must be a true witness, spokesman, and defender of justice, goodness, truth, freedom, and love. He must courageously demand these values for himself and for others.

To a large extent, we ourselves are guilty of our own enslavement when, out of fear or convenience, we accept evil and even vote for the mechanisms that sustain it.  If out of convenience or fear we support the mechanism of evil, we then have no right to condemn that evil, because we ourselves become its creators and help to legalize it.

To preserve dignity means to live in accordance with conscience. It means awakening and forming a right conscience within oneself. It means caring for the national conscience. For we know that when the national conscience failed, great misfortunes befell our history. But when the national conscience began to awaken and come alive with a sense of responsibility for the homeland, then the nation was reborn.

We must cultivate this ability to fight within ourselves if we wish to remain a nation that, even with a cross on its shoulders, walks with dignity toward resurrection.You will not fully preserve your dignity if you carry a rosary in one pocket and a booklet of the opposing ideology in the other. You cannot serve both God and mammon. You must make a choice — but you must make it after deep reflection.

Even if you have completely failed in human terms, even if you have lost your dignity and sold yourself entirely, you still have time.  Pull yourself together, get a grip, rise up.  Start anew.  Try to build on what in you still comes from God.  Try — because life is given to us only once."

Jerzy Popiełuszko, Sermon, Kościół św. Stanisława Kostki, Warsaw, May 27, 1984


“We became aware someone among us in this spiritual dark night of the soul was raising the standard of love on high.  Someone unknown, like everyone else, tortured and bereft of name and social standing, went to a horrible death for the sake of someone not even related to him.  Therefore it is not true, we cried, that humanity is cast down and trampled in the mud, overcome by oppressors, and overwhelmed by hopelessness.

Thousands of prisoners were convinced the true world continued to exist and that our torturers would not be able to destroy it.  To say that Father Kolbe died for one of us or for that person’s family is too great a simplification. His death was the salvation of thousands.  That’s how we felt about it.  That was a shock full of optimism, regenerating and giving strength; we were stunned by his act, which became a mighty explosion of light in the dark camp.”

Patricia Treece, A Man for Others, 1982

"Kolbe looked directly and intently into the eyes of those entering the cell.  Those eyes of his were always strangely penetrating.  The SS men couldn’t stand his glance, and used to yell at him, Schau auf die erde, nicht auf uns!  Kolbe was a psychic trauma, a shock for the SS men who had to bear his look, a look that hungered not for bread, but to liberate them from evil."

Bruno Borgowiec, Personal testimony from a prisoner at Auschwitz, 1947

"Then Saul, still breathing threats and murder against the disciples of the Lord, went to the high priest and asked letters from him for the synagogues of Damascus, so that if he found any who were of the Way he might bring them bound to Jerusalem.

As he journeyed he came near to Damascus.  And suddenly there shone around him a light from heaven. And he fell to the earth, and heard a voice crying out to him, 'Saul, Saul, why do you persecute me?  And Saul asked, 'Who are thou, Lord?'  And the Lord said, 'I am Jesus, whom you persecute.'  And in fear and trembling Saul asked, 'Lord, what will you have me to do?'"

Acts 9:3-6

"It is very easy to get drunk with hate.  Hate is like the glass of whisky which is given to the soldiers before a bayonet charge.  Whisky stimulates but does not nourish.  Hate is not creative, only love is creative.  

The most deadly poison of our times is indifference.  Let us remember that love lives through sacrifice and is nourished by giving. Without sacrifice, there is no love. The Cross is the school of love.

No one in the world can change Truth. What we can do and and should do is to seek truth and to serve it when we have found it. 

The real conflict is the inner conflict.  Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we ourselves are defeated in our innermost souls?”

Maximilian Kolbe, Martyr for Love

"Gentleness is everywhere in daily life, a sign that faith rules through ordinary things: through cooking and small talk, through storytelling, making love, fishing, tending animals and sweet corn and flowers, through sports, music and books, raising kids — all the places where the gravy soaks in, and grace shines through.  Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people.  Lacking any other purpose in life, it would be good enough to live for their sake."

Garrison Keillor, A Prairie Home Companion


The unmistakable resumption of hostilities in the Persian Gulf circumvented any false representations of negotiations and prospects for peace, which have recently become customary on stock market Mondays.

Stocks fell, and went out on their lows with prospects of higher oil prices looming on the horizon.

The Dollar rallied.

VIX rose from its recent low.

Gold and silver were hit by selling, no doubt on a desire for additional liquidity. 

Bitcoin has fallen back into its intermediate trading range again. 

There will be a stock market option expiration on Friday. 

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

Have a pleasant evening. 




10 July 2026

Stocks and Precious Metals Charts - Hardship, Sorrow, and Blood

 

“Lawlessness has come out of Babylon, that is, from the elders who were to govern the people as judges. They perverted their thinking; they would not allow their eyes to look to heaven, and did not keep in mind just judgments. How you have grown evil with age. Now have your past sins come to term, passing unjust sentences, condemning the innocent, and freeing the guilty."

Daniel 13:5,9,52-53

"Banking today is like playing Russian roulette— with someone else’s head. With rewards often far outweighing the risks, the sense of responsibility has vanished. There is a system that pushes you to take risks and a culture that shames anyone who admits errors or weakness. Nobody ever challenges the front office. You become part of the fabric of the place. Then they dispose of you."

Joris Luyendijk, Swimming with Sharks, 2015

“The failure of normal empathy is central to sociopathy, which is marked by an absence of guilt, intentional manipulation, and controlling or even sadistically harming others for personal power or gratification.  Power not only corrupts but also magnifies existing psychopathologies, even as it creates new ones. 

Fostered by the flattery of underlings and the chants of crowds, a political leader’s grandiosity may morph into grotesque delusions of grandeur.  Sociopathic traits may be amplified as the leader discovers that he can violate the norms of civil society and even commit crimes with impunity. And the leader who rules through fear, lies, and betrayal may become increasingly isolated and paranoid.

Trump creates his own extreme manipulation of reality. He insists that his spokesmen defend his false reality as normal. He then expects the rest of society to accept it—despite the lack of any evidence. This leads to what Lifton calls 'malignant normality' — in other words, the gradual acceptance by a public inundated with toxic untruths of those untruths until they pass for normal.”

Dr. B.X. Lee, The Dangerous Case of Donald Trump, 2017

"The world is ours, we are its lords, and ours it shall remain. As for the host of labor, it has been in the dirt since history began, and I read history aright. And in the dirt it shall remain so long as I and mine and those that come after us have the power.”

Jack London, The Iron Heel, 1907

"The status quo has at least tolerated the corruption and the fraud, if not profited directly from it, and most likely continues to do so. The power brokers have become susceptible to various forms of blackmail. And so a failed policy can become almost self-sustaining long after it is seen to have failed, and even become counterproductive, because admitting failure is not an option for those in power.

The financiers will attempt to make the people an 'offer which they cannot refuse' again, as they did on the occasion of TARP, when they threatened to crash the economy. I do not see meaningful reform happening easily, given the intractable hysteria which is gripping those wealthy few who are eager to seize and hold power. There is a portion of the public who think that whatever they believe must be true, whether the facts support it or not. And this is a great heresy against reason, and an abuse of faith. There will be no rapturous escape from judgement for this apostasy and lawlessness, except perhaps into madness.

There is an almost unbelievable tolerance of brazen bullying and deception, a sneering cyncism and disregard of any truth in people who say a thing one day, and then deny it and say a totally different thing on the next, without shame.  Love grows cold even among the faithful, and lies abound.  This is the very epitome of the will to power.  The western world and its leadership are at a crossroads.  And the path ahead, if taken, means hardship, sorrow, and blood."

Jesse, Wall Street, Largely Unreformed, 25 October 2012


Stocks shook off the intensifying war in the Mideast once again, and managed to move a little higher in to the weekend.

Gold and silver struggled again, as the rally in paper assets seems to draw liquidity to itself.

VIX has fallen to a near term low.

The Dollar chopped around but closed unchanged.

SpaceX continues to wallow.

Bitcoin is bouncing along in its trading channel.

The geopolitical situation bears watching this weekend.

Will Trump use one of his media mouthpieces on Sunday night to float false news about an impending ceasefire at Iran's request?

Can this familiar ruse work once again?

Hard to say.   It is not that people believe it.  It is that the moneyed interests and insiders want to continue looting the capital of the nation that they are running into a ditch.

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

Have a pleasant weekend.