13 May 2022

Stocks and Precious Metals Charts - Bounce - Keep On Trying 'Til I Reach the Highest Ground


"Inequality is a euphemism, a kind of shorthand, for all of the things that have gone to make the lives of the rich so much more delicious, year on year, for the last three decades.  And also for the things that have made the lives of working people so wretched and so precarious in that same time. 

Inequality is about the way in which speculators, and even criminals, get a helping hand from Uncle Sam, while the Vietnam Vet down the street from you loses his house." 

Thomas Frank

"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.  There is the word.  It is the king of words— Power.  Not God, not Mammon, but Power.”

Jack London, The Iron Heel

"Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price.   Narcissists tend to be divisive, vindictive, confrontational, aggressive, hate-filled, raging, incoherent, judgment-impaired, and irrational." 

Sam Vaknin


"What is good?  All that heightens the feeling of power in a man, the will to power, power itself.   What is bad?   All that is born of weakness.  What is happiness?  The feeling that power is growing, that resistance is overcome.  Not contentment, but more power; not peace at all, but war; not virtue, but efficiency. 

A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings, to functionaries, to instruments.  

The first principle of our humanism is that the weak and the failures shall perish.   And one should help them to perish. What is more harmful than any vice?  Christian love."

Friedrich Nietzsche, The Antichrist 


Stocks finally found a footing and managed to book a decent bounce off of what we can now call the second low.

Stocks can reset the CrashTrak chart with a close higher than the current  'second high.' 

The chart below just shows where they stand today.

The Dollar and the VIX both fell.

Gold fell a bit, but silver managed to construct a decent bounce.

Cash may be the higher ground in these stormy markets for the time being.

Next week could be interesting.

At that time many will turn away from the faith, and will betray and hate each other.
And false prophets will appear, and deceive many.
Because of the increase in wickedness, the love of most will grow cold. 
But those who stand firm to the end will be saved. 

Have a pleasant weekend.



12 May 2022

Stocks and Precious Metals Charts - Bubble Deflating in Asset Liquidation


"As you have willed it, so your house is now yours to command— but it is made desolate.’”

Matthew 23:38

"They demand free enterprise, but are the spokesmen for monopoly and vested interest.   Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection."

Henry Wallace, 9 April 1944

"The Lord requires you to act justly, and to love kindness and mercy, and to walk humbly with your God."

Micah 6:8

"What is good?  All that increases the feeling of power, the will to power, power itself.  What is bad?  All that is weakness.  What is happiness?  The feeling that power is growing, that resistance is overcome.  Not contentment, but more power; not peace at all, but war; not virtue, but efficiency. 

'The weak and the flawed shall perish' is the first principle of our charity.  And one should help them to perish.  What is more harmful than any vice?  Christian love."

Nietzsche, The Antichrist

"Love does not make you weak, because it is the source of all strength— but it makes you see the nothingness of the illusory strength on which you depended before you knew it.

The only real tragedy, In the end, is not to be a saint."

Léon Bloy

Stocks dove to a new low today, but managed to find some footing and bounce back in the afternoon.

Volatility remains pronounced, as shown by the elevated VIX.

Gold and silver fell as the Dollar rocketed another 97 basis points higher on the DXY.

It is not clear if stocks have put in a bottom or not.

This shows the characteristics of asset liquidation at this point.

A bounce tomorrow would be constructive.

Watch out if they do not bounce though, for a 'blue' or gloomy Monday, followed by a black Tuesday capitulation if they still cannot bring themselves out of this slump.

Have a pleasant evening.


11 May 2022

Stocks and Precious Metals Charts - Are You Not Entertained? - A Banquet of Consequences


"No doubt it is more comfortable to deliberately wear blinkers that prevent one from seeing the evil done in the discharge of their responsibility— to be unwilling to see that one is defending murder and robbery. 

All my life I have been fighting against the spirit of narrowness and violence, arrogance, intolerance in its absolute, merciless consistency.   

I have also worked to overcome this spirit with its evil consequences, such as nationalism in excess, racial persecution, and materialism.   

In regards to this, the National Socialists are correct in killing me.  In that, my conscience drove me – and in the end, that is a man's duty."

Helmuth James Graf von Moltke,  Executed in Plötzensee Prison, Berlin, 23 January 1945

"It is not enough to withdraw from the mob, not enough to go to another place: we have to withdraw from such attributes of the mob as are within us." 

Michel de Montaigne


"You made this monster, and as long as things were going well you gave him whatever he wanted.  You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you.” 

Friedrich Reck-Malleczewen


"The lofty mind of man can be imprisoned by the artifices of its own making. If there are damned souls in Hell, it is because men blind themselves.”

E.A. Bucchianeri, Faust: My Soul Be Damned for the World

“Religion used to be the opium of the people. To those suffering humiliation, pain, illness, and serfdom, religion promised the reward of an after life. But 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


Stocks continued to take another leg down today.

Dip buyers were spanked once again.

The second low is still in motion.  Let's see where it stops and actually sets in.

Although technically we could just go for a market break here.  We've  already banked quite a few failed rallies along the way.

Gold and silver managed to bounce, and hold it.

The crypto currencies are being taken out and beaten with ugly sticks.   

What a surprise.

VIX remains elevated.

The Dollar slid across the 104 handle, and managed to hang on to it.

A strong dollar here is not favorable to the US economy, since it encourages imports and discourages exports.

But it does favor the financiers, who play the international game of assets and acquisitions, plundering on a global scale as they have done so well and so often domestically in recent years.

Aren't you glad you are watching this carnage from 'higher ground' and relative safety? 

Sooner or later everyone sits down to a banquet of consequences.

Have a pleasant evening.