20 July 2018

Stocks and Precious Metals Charts - Trade Wars, and Rumors of Currency Wars - Quiet Stock Option Expiration

"Intellectual Phase-Locking is a condition that results when dogmatic 'scientific' assumptions inhibit further inquiry."

Rupert Sheldrake

Economics is one of the phase-locked professions, almost as bad as politics and accounting and medicine.   And most of these are phase-locked to cash flows from wealthy donors and foundations.

It was a quiet stock option expiration today. The market wiseguys had already moved the market where they wanted it earlier in the week.

Trumpolini threw some cold water on markets today, sending the punditry class on the financial networks into anxious spasms of speculation about what he might do to impede the Fed.

As I said the other day, you will know the Deep State, and those who serve them, by the amount of hysteria generated when anyone acts the unbeliever towards them.

So stocks finished off a bit, and gold and silver rallied back from a deeply short term oversold condition.

Let's see if the metals can put a bottom in ahead of the Comex precious metals option expiration next Thursday the 26th. I suspect they have already decimated the longs, but we will have to see.

On inquiry as to his recent hiatus in posting articles, I have heard that Koos Jansen is not doing very well. We all miss his analysis and hopefully will remember him in our prayers.  As I do remember you all as you know.

I have included a calendar of next week's major economic news. As for any pop up Trumpolini twitter storms, well, they are pseudo-random events.

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

Have a pleasant weekend.