17 August 2018

Stocks and Precious Metals Charts - Symphony For The Righteous Destruction Of Humanity - Privatizing Afghan War


"What does Dr Copper want to tell us?  The metal with the PhD in economics is now in a bear market, down 21% from recent high in June.  Dr. Copper is signaling us that global contraction is now in motion."

Dr. Harald Malmgren


“'Whoever is naive, let them come here,'
says Wisdom, to those who lack understanding.
'Come and eat my food,
and drink the wine I have prepared.
Forsake your foolish ways, so that you may live,
and progress in the ways of understanding.'”

Proverbs 9:4-6, The Consequences of Accepting Wisdom or Folly

Gold and silver both bounced higher today as the dollar trended lower.

Gold has been trading in the currency crosses, as a currency.

And those who trade in those markets know that they are notorious for overshooting on moves.

The reasons for this have to do with the heavy leveraged used, and the few major players that tend to dominate, and who love to throw their weight around at the expense of the smaller speculators.

It is hard to realize that gold is up almost $25 from the overnight low of $1159 it put in the other day. And silver is up about $.80.

Stocks managed to move a little higher in a relatively quiet stock option expiration.

Trumpolini is considering a plan to 'privatize' the war in Afghanistan, replacing the US military with a private mercenary army under the command of Blackwater's Erik Prince, reporting directly to Il Donny himself.

Perhaps a sticking point with be a golden Trump logo on each mercenary's helmet.   Branding.

And then there is this, from Albert Edwards at Société Générale:
"Make no mistake, whatever the macro-idiosyncrasies of Turkey, the key to the current turmoil that is spreading into EM generally, is Fed tightening and the strong dollar. As we have repeated ad infinitum, since 1950 there have been 13 Fed tightening cycles, 10 of them ended in recession and the others usually saw the EM blow up – such as the 1994 collapse in the Mexican peso. The Fed always tightens until something breaks."
We're not in Kansas anymore, Toto.

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

Have a pleasant weekend.