Stocks and Precious Metals Charts - Weighed and Found Wanting - Stock Index Option Expiration on Friday

 

“One could make people believe the most fantastic statements one day, and trust that if the next day they were given irrefutable proof of their falsehood, they would take refuge in cynicism; instead of deserting the leaders who had lied to them, they would protest that they had known all along that the statement was a lie and would admire the leaders for their superior tactical cleverness."

Hannah Arendt, The Origins of Totalitarianism 

 

 “The mob believes everything it is told, provided only that it be repeated over and over. Provided too that its passions, hatreds, fears are catered to. The grosser, the bigger, the cruder the lie, the more readily is it believed and followed. The mob has no memory; needless to pretend to any truth: the mob is radically incapable of perceiving it.” 

Alexandre Koyré, Réflexions sur le Mensonge 

 

"The love of most will grow cold, their consciences dull, and their hearts sifted and laid bare.  We have come to put our trust in shameless lies and the will to power." 

Jesse, 16 November 2020

Reality weighed on the markets again today.

Stocks were weakly lower.

But so were The Dollar, gold and silver, although only  marginally.

There will be an option expiration for stocks on Friday.

This is driving shenanigans by the usual suspects.

Have a pleasant evening.