27 January 2022

Stocks and Precious Metals Charts - As Old As Babylon


"A society that is merely expedient does not produce men of conscience.  A society that narrows the meaning of 'success' to the big money and in its terms condemns failure as the chief vice, raising money to the plane of absolute value, will produce the sharp operator and the shady deal." 

C. Wright Mills 


"All of the traditional religions teach that human beings are finite creatures and that there are limits to any earthly enterprise. A Japanese Zen master once said to his disciples as he was dying, 'I have learned only one thing in life: how much is enough.'  

He would find no niche in the chapel of The Market, for whom the First Commandment is 'There is never enough.' Like the proverbial shark that stops moving, The Market that stops expanding dies. That could happen. If it does, then Nietzsche will have been right after all. He will just have had the wrong God in mind."

Harvey Cox, The Market As God 


"Thus did a handful of rapacious citizens come to control all that was worth controlling in America.  Thus was the savage and stupid and entirely inappropriate and unnecessary and humorless American class system created.  Honest, industrious, peaceful citizens were classed as bloodsuckers, if they asked to be paid a living wage.   And they saw that praise was reserved henceforth for those who devised means of getting paid enormously for committing crimes against which no laws had been passed. 

Thus the American dream turned belly up, turned green, bobbed to the scummy surface of cupidity unlimited, filled with gas, went bang in the noonday sun. 

 E pluribus unum is surely an ironic motto to inscribe on the currency of this Utopia gone bust, for every grotesquely rich American represents property, privileges, and pleasures that have been denied the many.  An even more instructive motto, in the light of history made by the Noah Rosewaters, might be: 'Grab much too much, or you'll get nothing at all.'

And Noah begat Samuel, who married Geraldine Ames Rockefeller.  Samuel became even more interested in politics than his father had been, served the Republican Party tirelessly as a kingmaker, caused that party to nominate men who would whirl like dervishes, bawl fluent Babylonian, and order the militia to fire into crowds whenever a poor man seemed on the point of suggesting that he and a Rosewater were equal in the eyes of the law." 

Kurt Vonnegut, God Bless You Mr. Rosewater

Stocks failed to hold their gains after another volatile session.

Gold and silver were hammered to their lows.

The Dollar soared to a multi-year high on interest rate increase  speculation.

AAPL reported decent earnings after the bell.

A nor'easter is bearing down on the metropolitan NY area and New England.

Have a pleasant evening.