26 February 2020

Stocks and Precious Metals Charts - Not with a Bang but a Whimper

“But man, proud man,
Dressed in a little brief authority,
Most ignorant of what he's most assured—
His glassy essence—like an angry ape
Plays such fantastic tricks before high heaven
As makes the angels weep.”

William Shakespeare, Measure for Measure

"The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.”

Hannah Arendt, The Origins of Totalitarianism

“It isn't that they can't see the solution.  It is that they can't see the problem.”

Gilbert K. Chesterton

Trump speaks tonight about the coronavirus situation.

Gold and silver continued to trade heavily in the aftermath of the latest Comex option expiration manipulation.

Silver has had a bit of a hard go of it, thanks to this expiration being in an active month for silver.   Gold not so much.

Stocks attempted to rally, again, but failed back to finish at a small loss.

In the last hour of trading there was a contest on financial TV to see who could say the more banal and misleading things about the stock market, while calling for Fed rate cuts immediately if not sooner.

Socialism for the corporations, austerity for the people.  Bought and paid for in corruption by the moneyed interests.

Have a pleasant evening.