13 April 2020

Stocks and Precious Metals Charts - Theatre of the Absurd - Stock Option Expiration on Friday

“The dead will lie on open fields,
like sheaves behind the reaper,
with no one to gather them.
So let not the wise boast of their wisdom
or the strong boast of their strength
or the wealthy boast of their riches,
but let the one who boasts boast about this:
that they have sought the understanding of my ways."

Jeremiah 9:22-24

"Beauty is but a flower
Which wrinkles will devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath closed Helen’s eye.
I am sick, I must die.
Lord, have mercy on us."

Thomas Nashe, A Litany In Time of Plague

Gold had a very strong showing today.

The underlying fundamentals and technicals are quite bullish.

The major obstacle seems to be the existing status quo in certain portions of the power structure and the financial system.

It is fragile with abuse and corruption, and so has to adjust to change slowly and carefully.

Stocks were weak, as people begin to realize that the end to this pandemic will not be like the flipping of a light switch.

We love our lies.  We must.

We treasure them, and pass them around to our friends and family.

For a long time the truth has been led down a blind alley and strangled.

But now we look on in sick fascination and horror, as it is done openly.

And because of the increase in lawlessness, the love of most will grow cold.

As a reminder there will be a stock option expiration on Friday.

Have a pleasant evening.