11 September 2020

Stocks and Precious Metals Charts - Concentrated Risk, Force and Fraud

“The real conflict is the inner conflict.  Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost personal selves?”

Maximilian Kolbe

"This is the way in which he conceals from you the kind of work to which he is putting you;  he induces you to imitate him; or he promises you illumination.  He scoffs at times gone by; he scoffs at every institution which reveres them.

He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."

John Henry Newman

"The most important problem in the world today is your soul, for that is what the struggle is about."

Fulton J. Sheen

"And yet the ever-blessed Spirit of God is there, ten times more glorious, more powerful than when He trod the earth in our flesh."

John Henry Newman

Stocks failed to rally again today, as the dip buyers gave way to more selling.

The wiseguys managed to get the SP futures back to nearly unchanged.

But for the big cap Techs of the NDX 100, not so much.

Gold and silver were both off a bit as well, but then came back slowly into the close.

The VIX was off a bit.

Next week there is the double whammy of an FOMC meeting and a stock option expiration.

I am sitting largely in short term cash now, waiting to see which way these 'markets' break.
A single event, even one of seemingly moderate consequence, could melt these markets down.   That is how bubbles end.

The fotunate few are flooded with money, but the trickle-down pipes are clogged, with bubbles and soft-corruption.

This is a period of high deception.  Be careful of that to which you give your hearts.

It bears an uncanny resemblance to the dot.com and housing bubbles. They both turned into occasions for force and fraud.

Have a pleasant weekend.