24 January 2020

Stocks and Precious Metals Charts - The Gathering Storm

"This house [the Senate] is a sanctuary; a citadel of law, of order, and of liberty; it is here—it is here in this exalted refuge—here, if anywhere, will be resistance made to the storms of political frenzy and the silent arts of corruption.  And if the Constitution be destined ever to perish by the sacrilegious hands of the demagogue or the usurper, which God avert, its expiring agonies will be witnessed on this floor."

Aaron Burr

"Beware the leaven of the Pharisees, which is a pious, hollow hypocrisy."

Luke 12:1

“Woe to you, scribes and Pharisees— hypocrites! For you are like whitewashed tombs which appear beautiful, but inside are full of dead men’s bones and all uncleanness. You outwardly appear righteous, but inside you are full of hypocrisy and lawlessness."

Matthew 23:27-28

Stocks failed to rally today, and gave it up to support a level below.

It dropped, but did not break, yet.

FOMC meeting next week, and the Impeachment trial continues.

The spokesmodels have assigned the blame to the spreading coronavirus from China.

I think we have a bad case of bubble-itis.  And it definitely has its fans and cheerleaders.

The dollar and gold and the vix caught a safe havens bid.

The comi-tragedy in the Senate continues to unravel.

Perhaps someone can write a book about it: Profiles in Cravenness.

Have a pleasant weekend.