18 April 2019

Stocks and Precious Metals Charts - The Fat Lady Is Clearing Her Throat - Dancing Towards the Abyss

"Over the last thirty years, the United States has been taken over by an amoral financial oligarchy, and the American dream of opportunity, education, and upward mobility is now largely confined to the top few percent of the population.  Federal policy is increasingly dictated by the wealthy, by the financial sector, and by powerful (though sometimes badly mismanaged) industries such as telecommunications, health care, automobiles, and energy.

These policies are implemented and praised by these groups’ willing servants, namely the increasingly bought-and-paid-for leadership of America’s political parties, academia, and lobbying industry.

If allowed to continue, this process will turn the United States into a declining, unfair society with an impoverished, angry, uneducated population under the control of a small, ultrawealthy elite.  Such a society would be not only immoral but also eventually unstable, dangerously ripe for religious and political extremism."

Charles Ferguson, Predator Nation, 2012

"For what does it profit a man, to gain the whole world, but lose their life?"

Mark 8:36

Poverty wants—  but greed wants everything, and more.  They can never have enough, because their acquisition is driven not by any need, but by a sick and overpowering lust for more, and more.

This is why our financial and political system can never be effectively self-regulated, or even reformed from within.

The gold price manipulation down for this stock market option expiration (think miners' options, etc.) seems to be about over.

Citi coughed up another large tranche of gold contracts on the cheap to the unknown large customer dealing through JPM.

Technically gold is short term oversold.  And it went up today, in the face of a much stronger Dollar.

There will be Comex option expirations for gold and silver April contracts on the 25th.

Stocks managed to hold on for yet another up day.

We are building a blow off top. There is not much doubt in my mind.

Don't get in front of this, however, since as long as the Fed keeps providing hot money the wiseguys will keep dancing.

The text of the Mueller Report was released today to much flapping of gums and gnashing of keys.

Are we not exceptional? Are you not entertained?

Have a blessed holiday.