13 May 2022

Stocks and Precious Metals Charts - Bounce - Keep On Trying 'Til I Reach the Highest Ground


"Inequality is a euphemism, a kind of shorthand, for all of the things that have gone to make the lives of the rich so much more delicious, year on year, for the last three decades.  And also for the things that have made the lives of working people so wretched and so precarious in that same time. 

Inequality is about the way in which speculators, and even criminals, get a helping hand from Uncle Sam, while the Vietnam Vet down the street from you loses his house." 

Thomas Frank

"The world is ours, we are its lords, and ours it shall remain.  As for the host of labor, it has been in the dirt since history began, and I read history aright.  And in the dirt it shall remain so long as I and mine and those that come after us have the power.  There is the word.  It is the king of words— Power.  Not God, not Mammon, but Power.”

Jack London, The Iron Heel

"Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price.   Narcissists tend to be divisive, vindictive, confrontational, aggressive, hate-filled, raging, incoherent, judgment-impaired, and irrational." 

Sam Vaknin


"What is good?  All that heightens the feeling of power in a man, the will to power, power itself.   What is bad?   All that is born of weakness.  What is happiness?  The feeling that power is growing, that resistance is overcome.  Not contentment, but more power; not peace at all, but war; not virtue, but efficiency. 

A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings, to functionaries, to instruments.  

The first principle of our humanism is that the weak and the failures shall perish.   And one should help them to perish. What is more harmful than any vice?  Christian love."

Friedrich Nietzsche, The Antichrist 


Stocks finally found a footing and managed to book a decent bounce off of what we can now call the second low.

Stocks can reset the CrashTrak chart with a close higher than the current  'second high.' 

The chart below just shows where they stand today.

The Dollar and the VIX both fell.

Gold fell a bit, but silver managed to construct a decent bounce.

Cash may be the higher ground in these stormy markets for the time being.

Next week could be interesting.

At that time many will turn away from the faith, and will betray and hate each other.
And false prophets will appear, and deceive many.
Because of the increase in wickedness, the love of most will grow cold. 
But those who stand firm to the end will be saved. 

Have a pleasant weekend.