22 February 2018

Stocks and Precious Metals Charts - The Sign of Jonah - Comex Option Expiration

"Fear of something is at the root of hate for others, and hate within will eventually destroy the hater. How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and strong. Because someday in your life you will have been all of these."

George Washington Carver

“What we would like to do is change the world— make it a little simpler for people to feed, clothe, and shelter themselves as God intended them to do. And to a certain extent, by fighting for better conditions, by crying out unceasingly for the rights of the workers, of the poor, of the destitute.

We can to a certain extent change the world; we can work for the oasis, the little cell of joy and peace in a harried world. We can throw our pebble in the pond and be confident that its ever-widening circle will reach around the world. We repeat, there is nothing that we can do but love, and dear God— please enlarge our hearts to love each other, to love our neighbor, to love our enemy as well as our friend.”

Dorothy Day

"A wicked and adulterous generation asks for yet another sign. But none will be given it except the sign of the prophet Jonah."

Matt 12:39

Today was an option expiration for precious metals on the Comex. Both gold and silver were able to hold their ground. Let's see how they go into the weekend.

The US Dollar (DX) lost all the ground it gained yesterday.

Stocks had another wide ranging day, with broad highs and lows, and then finishing almost unchanged.

This swinging represents uncertainty about valuations and the future. This is not a constructive foundation for a bull market, especially one that has been based on bubbles and bullshit for so long.

I just finished 'binge watching' the German TV series, dubbed in English thankfully for Netflix, called Babylon Berlin. It is very engaging and well done.
As you know I have a keen interest in the Weimar era. It is fascinating to watch their daily struggles, and excesses, and schemes in the late 20's and early 30's, knowing full well what wickedness and utter ruin was coming their way.

As to the present, American professionals are preoccupied in addressing the great emptiness of their lives through the fevered acquisition and retention of power and money for its own sake. Our hypocrisy knows no bounds. And our estimation of ourselves and expectations for the future are excessive to say the least. Well, this is how it is at the tail end of almost any anomalous era, when a select group of men would be as the gods of their adulterous generations. And because of the increase in wickedness, the love of most will grow cold.

Lets see how we go into the weekend.

Have a pleasant evening.