21 November 2019

Stocks and Precious Metals Charts - Into the Wilderness - Sous Vide

"The Marxist political parties, including the Social Democrats and their followers, had fourteen years to prove their abilities.  The result is a heap of ruins.   All around us are symptoms portending this breakdown.  With an unparalleled effort of will and of brute force the Communist method of madness is trying as a last resort to poison and undermine an inwardly shaken and uprooted nation.

In fourteen years the November parties have ruined the German farmer.  In fourteen years they created an army of millions of unemployed.  The National Government will carry out the following plan with iron resolution and dogged perseverance.  Within four years the German farmer must be saved from pauperism.  Within four years unemployment must be completely overcome.

Our concern to provide daily bread will be equally a concern for the fulfillment of the responsibilities of society to those who are old and sick. The best safeguard against any experiment which might endanger the currency lies in economical administration, the promotion of work, and the preservation of agriculture, as well as in the use of individual initiative."

Adolf Hitler, Radio Appeal to the German People, February 1, 1933

"Both religion and socialism thus glorify weakness and need.  Both recoil from the world as it is: tough, unequal, harsh.  Both flee to an imaginary future realm where they can feel safe.  Both say to you.  Be a nice boy.  Be a good little girl.  Share.  Feel sorry for the little people.  And both desperately seek someone to look after them—whether it be God or the State.

A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings,to slaves, to instruments... One cannot fail to see in all these noble races the beast of prey, the splendid blond beast, prowling about avidly in search of spoil and victory; this hidden core needs to erupt from time to time, the animal has to get out again and go back to the wilderness.”

Friedrich Nietzsche

“At a certain point in their historical cycles, social classes become detached from their traditional parties. In other words, the traditional parties, in their particular organisational bias, with the particular men who constitute, represent and lead them, are no longer recognised by their class as their own, and representing their interests. When such crises occur, the immediate situation becomes delicate and dangerous, because the field is open for violent solutions, for the activities of unknown forces, represented by charismatic 'men of destiny' [demagogues].

The old world is dying, and the new world struggles to be born:  now is the time of monsters.”

Antonio Gramsci, Prison Notebooks, 1930-35

"Be human in this most inhuman of ages; guard the image of man for it is the image of God.  You agree?  Good.  Then go with my blessing.  But I warn you, do not expect to make many friends.  One of the awful facts of our age is the evidence that it is stricken indeed, stricken to the very core of its being by the presence of the Unspeakable."

Thomas Merton, Raids on the Unspeakable

Stocks were weak again today, on geopolitical concerns, the continuing trade war with China, and of course the weakening global economy.

Gold was off a bit. I don't think gold or silver are going to be able to break out until after the Comex option expiration for the big December contract next week on the 25th.  Since this is so obvious there may be a 'twist' but I am not counting on it.

So I am not adding anything to my gold or silver trading position for now, even on weakness. We are well within the bounds of the chart consolidation formation.

As for stocks, I took my leveraged short position off intraday, as we went down to the lower bound of the trading channel. If it breaks down from here we might see some chop and then perhaps a waterfall. Remember what happened last December?

Even with the Fed adding liquidity in liberal amounts to the Banks, it may not be enough if the real economy decides to hit the exits. One might wonder if they have already put one foot out the door.

There is quite a bit of willful self-delusion going around these days. People are sticking their heads into news sites and sources that tell them what they wish to hear. That may not be such a good thing when reality comes crashing through.

I am cooking sous vide for the first time.  It literally means 'under vacuum.'  I have wanted to do it for a while, but I needed to pick up a good machine to vacuum seal the roast in a cooking bag for the long, slow cooking under water at 130°F.    I'll let you know how the top round roast I put in today for tomorrow's dinner comes out.

Be human, in this most inhuman of ages and times. It is unlikely that you will find the truth, or lasting comfort, from those who have pledged their souls to money, and power, and influence, and the darkness of this world.

It profits a man nothing, if they trade their soul for the whole world—  but for a brief political and economic advantage?   Better to stand on the truth, and for the truth, and with something worthy that lasts, come what may.  And that is the heart of the matter, and of the desperate struggle in which we are all engaged.  For the sake of our souls and for those that we love.

Have a pleasant evening.