Stocks and Precious Metals Charts - Ouch - Option Expiration Tomorrow

 

“Sometimes people hold a core belief that is very strong.  When they are presented with evidence that works against that belief, the new evidence cannot be accepted.  It would create a feeling that is extremely uncomfortable, called cognitive dissonance.  And because it is so important to protect the core belief, they will rationalize, ignore and even deny anything that doesn't fit in with the core belief.”

Frantz Fanon 

 

“Only fraud and falsehood dread examination.  Truth invites it.” 

Samuel Johnson 

 

"A kleptocracy is sucking the life out of working men and women by force and fraud.  A group of sociopaths, who have committed one of the great crimes in history, not only blithely walk away with their loot unpunished, but come back to rob their victims once again, to finish the job.  And they gorge themselves on the public trust even while begrudging the widow her pittance, or trying to steal it.  They pervert and corrupt so many, filling their hearts with their passionate lies, appealing to what is the very worst in them.  They are truly a den of vipers and thieves." 

Jesse, September 2012

 

Stocks tried to rally but then fell back badly into the close. 

Lower lows were set, which is not constructive for bully.

Gold was off a bit, but silver managed to hold on to its gains.

The Dollar rallied back up towards 96.

Option expiration tomorrow.

It's a nice time to lay back and sit tight in cash.

Let's be careful out there.

Have a pleasant evening.