28 March 2023

Stocks and Precious Metals Charts - The Spice Must Flow


"What we need in the United States is not division.  What we need in the United States is not hatred.  What we need in the United States is not violence and lawlessness, but love and wisdom and compassion toward one another, a feeling of justice to those who still suffer in our country."

Some who accuse others of inciting riots [and even wars] have by their own conduct invited them. Some look for scapegoats, others look for conspiracies, but this much is clear; violence breeds violence, repression brings retaliation, and only a cleaning of our whole society can remove this sickness from our soul."

Robert F. Kennedy

"The world is being inundated by the brazen conviction that power can do anything, and justice nothing."

Aleksandr Solzhenitsyn

"We are a generation made drunk with power, and a perverse individualism that has been foretold for increasingly dark times.  May God have mercy on any who provide provocation and false teachings to others, and scandalous examples to their brothers and sisters, children and grandchildren, especially because of their willful selfishness, stubborn greed, and foolish pride. And you know who you are, if you are not already completely dead to the life of the Spirit."

Jesse, 19 January 2015

The wash and rinse continues.

Stocks were slumping today.   The rose yesterday.

Rinse follows wash.

But a late day bounce made the stock decline minimal.

Gold and silver rallied.  

They fell yesterday in anticipation of today's Comex option expiration.

VIX continued to fall.   

The tech billionaires are feeling pretty good about their most recent government bailout.

The Dollar fell.

And the beat goes on.

Have a pleasant evening.

27 March 2023

Stocks and Precious Metals Charts - Stumbling in the Darkness - Wash and Rinse Day


"You are the light of the world.  A city built on a mountain cannot be hidden.   No one lights a lamp and puts it under a basket; instead it is set on a stand, where it gives light to all in the house.  Let your light shine before others, so that they may see your good works, and glorify your Father in heaven."

Matthew 5:14-16

"The light shines in the darkness, and the darkness has not overcome it."

John 1:5

“We are slow to master the great truth that even now Christ is, as it were, walking among us, and by His hand, or eye, or voice, bidding us to follow Him.  We do not understand that His call is a thing that takes place now.  We think it took place in the Apostles' days, but we do not believe in it; we do not look for it in our own case."

John Henry Newman

"Do not fear, for I have redeemed you, I have called you by name; you are mine."

Isaiah 43:1

"‘Not everyone who says to me, 'Lord, Lord', will enter the kingdom of heaven, but only one who does the will of my Father in heaven.   On that day many will say to me, 'Lord, Lord, did we not prophesy in your name, and cast out demons in your name, and accomplish great things in your name?' Then I will declare to them, 'I do not know you. Depart from me, you who practice lawlessness.'”

Matthew 7:21-23

"They will be moved, to the sound of beautiful music, at Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them.   They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat."

Léon Bloy

The transfer of wealth continues, skimming off of the vitality of the nation for the greed of a relative few. 

Bully was feeling his oats today, and working that wash and rinse.

The VIX fell.

The Dollar fell.

Gold and silver fell.

Tomorrow must be a precious metal option expiration on the Comex.

They were buying up those regional banks today.

I have come to the conclusion that people on the further ends of the ideological spectrum become willfully foolish, because they have to twist reality to suit their preconceived notions and biases. 

This goes equally well for left and right. 

Have a pleasant evening.

24 March 2023

Stocks and Precious Metals Charts - A Gathering Storm - The Madness Serves None But Itself


"Under such conditions one could make people believe the most fantastic statements one day, and trust that if the next day they were given irrefutable proof of their falsehood, they would take refuge in cynicism.  The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.”

Hannah Arendt, The Origins of Totalitarianism

"As in all periods of speculation, men sought not to be persuaded by the reality of things but to find excuses for escaping into the new world of fantasy."

"John Kenneth Galbraith, The Great Crash of 1929

“The mob believes everything it is told, provided only that it be repeated over and over.  Provided too that its passions, hatreds, fears are catered to.  The grosser, the bigger, the cruder the lie, the more readily is it believed and followed.  The mob has no memory; needless to pretend to any truth: the mob is radically incapable of perceiving it: the mob can never comprehend that its own interests are what is at stake.”

Alexandre Koyré, Réflexions sur le Mensonge

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”

Charles Mackay

"And they said to him, 'Where will this happen, Lord?'  And He said to them, 'Where death is, there a gathering of vultures will be.'”

Luke 17:37

"They [the Fed] were not testing for interest rate risk." 

This is the reason that was given as to why the Fed's stress testing would not have been helpful in detecting the troubles at Silicon Valley Bank.

Why do we keep excusing such willful incompetence?

Stocks took a hard dip this morning on fresh banking troubles from Deutsche Bank, aka Buba.

But as one might have come to expect, stocks shook off their concerns and finished up in the green.

The precious metals initially rallied, most notably in silver, but they were lower by the end of the day as the rose coloured glasses came back on.

As I noted, the Comex metals option expiration is next week (calendars below) and there is still plenty of time for shenanigans.

The VIX initially spiked higher, but finished lower amid an outbreak of complacency.

The political situation is the US is still reliably nuts.

Some neocons seem determined to encourage a wider war in other peoples' backyards.

Blood keeps their bottom lines green  

And if it is someone else's, so much the better.

France's leader is showing how not to make friends and influence people, except among the plutocracy.

Let's see what fresh madness the new week brings.

Have a pleasant weekend.