24 February 2021

Stocks and Precious Metals Charts - The Men Who Stole the World - Extreme Systemic Fragility

 

"The lofty mind of man can be imprisoned by the artifices of its own making.  If there are damned souls in Hell, it is because men blind themselves.” 

E.A. Bucchianeri, Faust: My Soul Be Damned for the World

 

"Flagrant evils cure themselves by being flagrant." 

John Henry Newman 

 

“Each day we are becoming a creature of splendid glory,  or one of unthinkable horror.” 

C. S. Lewis 

 

The metals were hit hard in the early morning hours.

This is often the case on the day after an option expiration on the Comex. 

Stocks slumped very hard again led lower by tech.

Jay Powell, Fed Chair, helped to talk the market back up during his testimony today.

The metals recovered, led higher by the miners, especially silver.

Lately the manipulation is open and predictable, shameless and without fear of consequences. 

And if some notice, they are easily distracted by nonsense, bread, and circuses.

We love our illusions.   The more empty they become, the more strongly we embrace them.

Through years of short term thinking and private greed our systems have grown increasingly fragile and vulnerable.

Are you not entertained?

"The banks must be restrained, and the financial system reformed, and balance restored to the economy, before there can be any sustained recovery." 

 Jesse, July 2009 

Have pleasant evening.