06 August 2019

Stocks and Precious Metals Charts - The Walking Dead - A Relief Rally


"I urge you, brothers and sisters, to be wary of those who cause divisions and undermine the faithful, in opposition to the teaching that you have learned.  Avoid them.   For such people do not serve our Lord, but their own appetites and desires.  And by clever words and flattery they deceive the hearts of many of the innocent and easily led."

Romans 16:17-18


"Dividers speak evil about things that are different, 'the other,' or that which they do not understand.  Like instinctive animals, they follow wherever their passions lead them, and so they bring about their destruction.   What sorrow awaits them.  For they follow in the footsteps of Cain, who killed his own brother.  Like Balaam, they deceive other people for money."

Jude 1:10


"Do you not know that to whom you give yourselves as servants, his servants you become, whether of a corruption unto death, or of a righteousness unto life?"

Romans 6:16


"I see dead people. Walking around like regular people. They don't see each other. They only see what they want to see. They don't know that they're dead."

Cole Sear, The Sixth Sense

Stocks bounced back a bit today, after slumping badly in the overnight as Trump named China as a currency manipulator.

But in the quiet hours they managed to turn the SP 500 futures higher, and today we saw a bit of a short squeeze.

Gold held its gains remarkably, even in the face of a stronger dollar.

In the news today we see that UBS is starting to charge storage fees for cash.  This speaks volumes about the direction of fiat money.

The case for gold gets stronger and stronger.

Also in the news is the steep decline in Chinese capital fleeing the mainland, and finding a haven in the real estate markets of Canada and the US.

Rick and Ilsa will always have Paris.  Those seeking boltholes for their hot money will always have London.   Perhaps even moreso now.  

Let's see how things go tomorrow.

The willful arrogance and blindness of the fortunate few is daunting, if not discouraging.

They are so lost and sad, these walking dead.  Requiescat in pace.

Get right, and sit tight.

Have a pleasant evening.