Stocks and Precious Metals Charts - Wash, Rinse, Repeat - Greed is not a Motivation: It is a Pathology

 

“People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”

Charles Wright Mills, The Power Elite 

 

"There is not a more perilous or immoral habit of mind than the sanctifying of success.” 

 Lord Acton

 

"Through a long indoctrination that starts sometimes in their families, and is often affirmed in their elite schools and with their circle of privileged friends, they learn to rationalize selective moral behaviour not as immoral but as 'the entitlement of success.'  And they are supported by a horde of morally ambivalent enablers who will tell them whatever they wish to hear. 

There are one set of rules for themselves and their friends, and another set of rules for the rest.   Few who actually do evil consciously choose to be evil.  They rationalize what they do in any number of ways, but the deceit often hinges on their own natural superiority, and the objectification and denigration of the others.  We are makers, and they are takers.  They see their own work as having special value and merit, while the actions of the others are inconsequential and unworthy."

Jesse, February 2013 

"Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves, after a fashion; but they cannot understand destitution.  Capable of giving alms, perhaps, but incapable of stripping themselves bare, they will be moved, to the sound of beautiful music, at Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them.   They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat." 

Léon Bloy

 

Stocks sold off hard again this morning, but failed in the attempt to turn those pains into gains.

After the bell Microsoft 'beat' its numbers, and to the outrage and indignation of the spokesmodels and the corporate mouthpieces, the market sold it off.

Gold advanaged as the Dollar slid sideways.

Silver struggled again, being pulled along somewhat with the weakness in equities.

FOMC and a Comex precious metals option expiration tomorrow.

Need little, want less, love more.  For those who abide in love abide in God,and God in them.

Have a pleasant evening.