01 February 2022

Stocks and Precious Metals Charts - Hearts of Darkness

 

"We suspect strongly that history will view the last 20 years as a period of collective madness in the United States.   It is a madness brought on by the gods to the proud and those who would be as gods, but stumble and fall through a tragic flaw, an error in judgement.  Often that flaw is related to the strength that had made them great.  The US can fall from greatness through pride and imbalanced judgement, and therein lies the recipe for tragedy."

Jesse, 15 April 2008 

 

"What I have called  the trousered ape and the urban blockhead may be precisely the kind of man they really wish to produce.  They may be intending to make a clean sweep of traditional values and start with a new set." 

C.S. Lewis, The Abolition of Man

 

"These are peoples that have lost the power of astonishment at their own actions. When they give birth to a fantastic fashion or a foolish law, they do not start or stare at the monster they have brought forth. They have grown used to their own unreason; chaos is their cosmos; and the whirlwind is the breath of their nostrils.  These nations are really in danger of going off their heads en masse; of becoming one vast vision of imbecility, with toppling cities and crazy countrysides, all dotted with industrious lunatics.” 

G.K. Chesterton, In Defense of Sanity 

 

"Your adversary, the devil, prowls the earth like a roaring lion, seeking those whom he may devour." 

1 Peter 5:8

 

"Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the truth?  No; he offers you baits to tempt you.  He prompts you what to say, and then listens to you, and praises you, and encourages you.  He bids you mount aloft.  He shows you how to become as gods.  Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his." 

J.H.Newman, The Times of Antichrist

 

Stocks rallied today as some Fed heads sought to reassure the markets that their action would not be excessively bubble-unfriendly. 

The Dollar fell again.

Gold and silver rallied in the morning, but fell in the afternoon trade to maintain some thinner gains.

The VIX dropped.

There are numerous earnings reports this week.

Non-Farm Payrolls on Friday.

 Let us commend ourselves to the mercy of God.

Have a pleasant evening.