19 June 2020

Stocks and Precious Metals Charts - Tribes - Stimulus Failing in a Miserable Pit of Corruption and Incompetency


“Someone told me recently that a commentator or some sort had said, 'The United States is in spiritual free-fall.'   When people make such remarks, such appalling judgements, they never include themselves, their friends, those with whom they agree.   They have drawn, as they say, a bright line between an us and a them.

Those on the other side of the line are assumed to be unworthy of respect or hearing, and are in fact to be regarded as a huge problem to the us who presume to judge them.   This tedious pattern has repeated itself endlessly through human history and is, as I have said, the end of community and the beginning of tribalism.”

Marilynne Robinson, When I Was a Child


“The rich ruling class has used tribalism, a primitive caveman instinct, to their advantage since the beginning of time.   They use it to divide and conquer us.   They drive wedges between us peasants and make us fight each other, so we won’t rise up against our rulers and fight them.

You can observe the same old trick everywhere in America today.  That doesn’t just happen all by itself.  There are always voices instigating these fights.”

Oliver Markus Malloy

Today was an infamous 'quad witch' and a rebalancing of the SP 500 index.

Stocks were ripping higher in the morning, faded badly later in the day, and then went out slightly lower to unchanged into the close.

There was some discouragement in the news that Apple will be re-closing some stores in Florida.

Gold and silver ripped higher, finishing around important resistance but not yet breaking out.

There will be precious metal option expirations next week on the Comex for gold and silver. The calendars are included below.

July, which is the option contract expiring, is a dull month for gold but an active month for silver.

Right now the action in gold is centered on the August contract.

Trumpolini will be staging an indoor mass rally in Tulsa. This could be worth watching.

I hope he is not foolhardy enough to try and evoke violence for his own Reichstag event.  

Need little, want less love more. For those who abide in love abide in God, and God in them.

Have a pleasant evening.