10 September 2021

Stocks and Precious Metals Charts - Go Down Gambling - Quad Witching Option Expiration Next Week


"Recently, Palantir Technologies, the secretive software company that collects and analyses huge amounts of data on behalf of clients which include a broad array of US intelligence and spy agencies, announced in a that it had purchased $50 million in gold bars as part of an investment strategy... 

Probably more than any other commercial technology company in the world, Palantir, due to it’s access to US Government data and other Governments’ data around the world, that could show patterns, shifts, and potential risks in the future political and economic landscape. 

So when Palantir buys a large quantity of physical gold bars and states that it has bought physical gold as a hedge against black swan risk events, then you better sit up and take notice, because this is no ordinary corporate treasury investment and no ordinary company." 

Ronan Manly, Can Corporate Treasurers Afford to Ignore Palantir’s Gambit on Gold?

"Down in a crap game, I've been losing at roulette
Cards are bound to break me but I ain't busted yet,
'Cause I've been called a natural lover by that lady over there
Honey, I'm just a natural gambler but I try to do my share
Go down gamblin'".

Blood, Sweat and Tears, Go Down Gambling

Stocks tried again to rally, and then ended reversing in the afternoon, going out near the lows at support. 

Maybe all that selling was due to a couple of the Fed Bank Presidents unloading their very substantial 'legal' person stock trading positions which were recently exposed to the outrage of the investing public.
Gold and silver were also lower, going out near those lows. 

The VIX rose higher.  

There will be a quad witching stock option expiration next week.

We may already be in the Shenanigans Zone, down at Wall and Broad.

Our crooks are more dishonest than your crooks.
Our crooks are bolder than yours.
Our crooks are brazen because we embrace deregulation
Our crooks are less honest than yours.

Have a pleasant weekend.