30 October 2026

Stocks and Precious Metals Charts - A Look Behind the Curtain

 

"This elite-generated social control maintains the status quo because the status quo benefits and validates those who created and sit atop it. People rise to prominence when they parrot the orthodoxy rather than critically analyze it. Intellectual regurgitation is prized over independent thought. Voices of the dispossessed, different, and un(formally)educated are neglected regardless of their morality, import, and validity. Real change in politics or society cannot occur under the orthodoxy because if it did, it would threaten the legitimacy of the professional class and all of the systems that helped them achieve their status."

Kristine Mattis, The Cult of the Professional Class, April 4, 2016

“If you shut up truth and bury it under the ground, it will but grow, and gather to itself such explosive power that the day it bursts through it will blow up everything in its way.”

Émile Zola, as quoted in Dreyfus: His Life and Letters, 1937


Stocks sold off rather hard, triggered by disappointments in the tech giants earnings reports, and increased chatter about a renewal of the kinetic conflict in the Mideast. 

This *might* just be a major wobble, or the start of something more significant.

One pattern I always like to keep in mind is 'Bad Friday-Blue Monday-Black Tuesday.'

Gold and silver were hammered.

Bitcoin slipped on hacking concerns. 

The US midterm elections are coming up next week.

Bring popcorn.  Pivotal events unfolding.

Have a pleasant weekend. 

29 October 2026

Stocks and Precious Metals Charts - A Failure of National Conscience

 

"According to Traudl Junge the Goebbels’ children sang for Hitler, who was very pleased to hear their song.  This innocent choir of young voices was soon murdered by its very mother, in the bunker, just before the mother herself committed suicide.  There is no academic phrasing suitable enough to describe the incomprehensibility of how mankind can achieve this nonsense, especially at this high level of leadership."

Panayiotis Demopoulos, Götterdämmerung: Suicide Music and the National Self

"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."

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

"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. These sufferings will not cause us to crumble but will help us, more and more, to become stronger. The most deadly poison of our times is indifference. The Cross is the school of love.

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 are ourselves are defeated in our innermost personal selves?”

Maximilian Kolbe, Executed at Auschwitz,  14 August 1941 

"Kolbe looked directly and intently into the eyes of those entering his starvation 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, fellow prisoner at Auschwitz


Given the choice between choosing the truth over error and admitting they were wrong, or doing nothing, most people will do nothing and continue on, and often become even more vehement and stubborn in their error.  Pride goeth before destruction, and a haughty spirit before a fall.

This news item came out late in the day. 

"Speaking at the Middle East Institute, Connecticut Democratic Senator Chris Murphy revealed details from briefings on a Trump administration plan for strikes on Iranian energy infrastructure, nuclear sites, and military targets after the November 3 midterms.  He argued it would fail its goals, prolong conflict, and harm U.S. rule-of-law commitments amid reports of repositioned forces and restocked munitions."

Stocks slumped a bit led by tech after the Alphabet miss on its earnings report.

Gold and silver were monkey hammered because they can.

The Dollar is just chopping sideways.

Oil shook off an early bear raid and rallied back up a bit.

Notice that it has formed a symmetrical triangle that *may* be a bullish continuation pattern.

These markets are being highly manipulated in the short term as most experienced tape watchers have well noted. 

I'll be out of pocket at the cornea specialist tomorrow afternoon so the charts may be late. 

Have a pleasant evening. 


28 October 2026

Stocks and Precious Metals Charts - Pivotal Events

 

"As with many personality disorders, those who are severely flawed of character, but especially the narcissist, when they face public disgrace, when they are outed as criminals or for their misbehavior, or when they fail in a very public way—that is when they become metastable, placing us as family, friends, co-workers, corporations, the public, or a nation in greatest danger.  When things begin to sour for the narcissist, here is what we can expect:

1.  They will falsely claim that everything is fine and that there is nothing wrong.  They will try to first misdirect us or claim there is nothing to the allegations or circumstances.

2.   If evidence is presented, they will seek to have it invalidated or claim that it is false, fake, or a product of vague conspiracies, but most certainly not true.

3.   Any evidence presented, and those that present it will be attacked aggressively and vindictively.  The better the evidence, the more aggressive the attack.  Individuals who are doing the right thing by reporting criminal acts, unethical behavior, or failings are to be discredited, humiliated, hounded, and bullied—not even their families are to be spared if need be.  The narcissist will engage supporters or enablers to simultaneously attack those who offer proof or evidence, even if it embarrassingly exposes their poodle-like behavior as that of spineless sycophants.

4.   Foolproof evidence will be portrayed as false and the result of pettiness, jealousies, bad actors, malicious individuals, negativity, haters, enemies, losers, conspirators, opposition, gain seekers, the faithless, or as we are seeing now in American politics, 'fake news' or 'deep state' actors.  There is always a large constellation of people to blame, the narcissist casts wide to see which vacuous claim resonates, especially with their supporters.

5.   As they lash out with vindictiveness, the malignant narcissist will continue to talk about themselves in glowing terms; irrespective of their actual situation, as they are incapable of introspection, much less contriteness.  They will trumpet their greatness, their real or imagined achievements, their faux infallibility, and even portray themselves as worthy of being revered rather than reviled.

6.   They will seek to find someone to blame for their troubles or downfall, preferably someone that cannot defend themselves.  A scapegoat is always useful and when there is not a real one, one will be invented.  If they are not promoted or fired, it is because a cabal at work was against them. If they cheat their business partners, it was because they deserved it. If they lose an election it is because of campaign managers, unappreciative voters, trickery, fraud, or some other kind of malfeasance on the part of a conspiracy.  Conspiracies are useful to the narcissist because they conveniently require no evidence.  As they are not married to the truth, they will prattle countless baseless reasons that all point away, never at themselves.

7.   As circumstances become dire, the narcissist will not take any responsibility—ever.  Anything that has gone wrong is the responsibility of others.  They will blame spouses as undeserving of their greatness, ignorant colleagues who just don’t measure up, the disloyal, those who abide by rules and laws because ironically, they abide by rules and laws, or those that just clearly did not understand the very specialness of the narcissist.  Everyone, and I mean everyone from people long gone, to the peripherally connected, to the earthly departed will be blamed for the failure or downfall of the narcissist.  Once more it is never their fault.

8.   In the process of casting blame, even the most loyal and stalwart will be discarded and denigrated if needed with reptilian indifference.  For the malignant narcissist, there is only the 'good' — those that provide blind, unwavering loyalty and who are useful, and everyone else who is an enemy, useless, and thus 'bad.'  Whether you are in or out, good or bad, is not determined by history, by friendship, sacrifices, or how well you have performed in the past—it is determined by the capricious and selfish needs of the narcissist, and that can change in a moment.

9.   Expect lies to increase and to be repeated exponentially.  They will, even in light of factual evidence to the contrary, lie more profusely and adamantly.  Lies are and always will be the number one tool of the malignant narcissist.  The only difference now is that in facing failure or public ridicule, the lies must increase in frequency and audacity to the point of incredulity.  The narcissist will expect supporters, the unethical, and enablers to lie for them or even create plausible alibis.  That they imperil others by compelling them to lie is the collateral damage the malignant narcissist does as they thrash in despair when they are failing or caught.

10.   And while lies will increase, so too will be the need to devalue others in order to further value themselves.  They will attack everyone and anyone in the most vicious and vindictive ways.  This is when we see their rage come through.  Not just anger, but unbridled rage.  They will say things that shock the conscience and they expect everyone to swallow what they say, much as their enablers do.  The most decent of persons will be attacked, mocked, ridiculed, and turned into a human chew-toy as the narcissist unleashes untethered rage and hatred.  They will dip down into a bottomless cauldron of antipathy and like an arterial spurt, will spew this toxic brew far and wide with metronomic regularity.

11.   The malignant narcissist, lacking guilt or a conscience, is only concerned with respect and not being publicly shamed.  Any kind of public embarrassment will cause them further anger, further rage, further attacks, further unethical comportment, and unprecedented incivility.

12.   If the narcissist is going to be brought down, they will also seek to bring everyone else around them down to vindictively make them suffer.  How the narcissist vilifies, lashes out, or destroys others (spouse, friends, business partners, workmates, the general public) is up to the morbid creativity and depravity of the malignant narcissist, the viable tools they have available, and of course how dire or desperate the situation.  The internet and social media are certainly useful as lives can be ruined with a single tweet.  But so are guns and rifles, poison, and even assassins for hire.  And if they command a country, they can put the security organs or the military to work on their behalf.

13.   In certain situations, as the end nears, the suffering of others is paramount to the malignant narcissist.  It is their way of elevating themselves—sick as that sounds—by malevolently paying back society with even more suffering.  As they lash out, they will show no concern or empathy because they have none.  If others are suffering because of their actions, the narcissist simply does not care.  Lacking a conscience or any kind of remorse, much like Robert Hare’s psychopath, they sleep very well at night while everyone else is anxious, worried, stressed, physically or psychologically traumatizes all the while nervously and justifiably pondering what further malevolence will take place.

14.   As they face failure, arrest, indictment, or dismissal, they will endlessly air their grievances.  Narcissists are natural wound collectors and as such, they have been collecting and nurturing social slights and perceived wrongs just for this occasion.  They will wallow in victimhood claiming they have been relentlessly and needlessly persecuted.  They, of course, expect their attorneys, followers, or enablers to subserviently echo their flatulent claims.

So, what happens in the end?  Difficult to predict.  Each circumstance is different.  Some will kick and flail and disappear for a while, intentionally or thanks to incarceration—biding their time until they can do it all over again.  Others regroup, plan, scheme, and prepare another triumphant entry into the lives of the unsuspecting to victimize them when the opportunity arises.  

Others, unfortunately, will seek to do harm as they face a breakup, a divorce, are fired from a job, are outed for their crimes, or are removed from office.  Others will hound, stalk, or just make life intolerable for those they deem responsible. Their past can often give us insight as to what they might do, but one can never be sure—humans are terribly complex and as with many afflicted with a personality disorder, sensitive to the smallest of unrecognized but catalytic triggers.

In the case of narcissistic cult leaders, the cult members often pay with their lives as they did in Jonestown Guyana when Jim Jones came under investigation.  In interpersonal relationships, violence is always something to be concerned. "

Joe Navarro, FBI Behavioural Analysis Veteran, When the Narcissist Fails, Psychology Today, 2 January 2024

The Fed did nothing with interest rates today.  

The amended statement is in the first chart below.

The markets are shaking off risk concerns for now.

But the underpinnings are highly unstable.

Tech is showing signs of strain.   I am hearing more and more about layoffs in size for AI related companies, the suppliers.

It appears that Netanyahu did not succeed in his election, but he was not exactly repudiated either.

There is going to be a price to be paid for that.

Donnie faces the US midterm elections next week.

If the House and Senate go to the opposition it will be interesting to see how he reacts.

He may kick things off by starting a real war so he can hide behind wartime powers.

Bring popcorn.

Have a pleasant evening. 

27 October 2026

Stocks and Precious Metals Charts - My Soul Is Sorrowful, Even Unto Death


"Satan’s monomaniac concern with himself and his supposed rights and wrongs is a necessity of the Satanic predicament.  He has wished to ‘be himself,’ and to be in himself and for himself, and his wish has been granted.  To admire Satan, then, is to give one’s vote not only for a world of misery, but also for a world of lies and propaganda, of wishful thinking, of incessant autobiography."

C. S. Lewis

"In the Incarnation the whole human race recovers the dignity of the image of God.  Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all.  Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."

Dietrich Bonhoeffer

"Imaginary evil is romantic and varied; real evil is gloomy, monotonous, barren, boring.  Imaginary good is boring; real good is always new, marvelous, intoxicating.  Human beings are so made that the ones who do the crushing feel nothing; it is the person crushed who feels what is happening.  Unless one has placed oneself on the side of the oppressed, to feel with them, one cannot understand.  As soon as men know that they can kill without fear of punishment or blame, they kill; or at least they encourage killers, with approving smiles."

Simone Weil

"Leur aveuglement est le châtiment du crime d'idolâtrie.” (Their blindness is the punishment for their Idolatry.)

Simone Weil, L'enracinement 1943


Today was a fairly uneventful option expiration on the Comex today.   Gold rallied and even silver got into the act.

Tomorrow will be an FOMC day. 

The VIX fell and stocks rallied.

Sans souci. 

Brace for impact.

Have a pleasant evening.