16 May 2022

Stocks and Precious Metals Charts - Witnessing


"The new generation has to hear what the older generation refuses to tell it.  Hatred can be nurtured anywhere, idealism can be perverted into sadism anywhere.  The inferno could erupt anew anywhere. The history of man is the history of crimes, and history can repeat.  So information is a defense.  We can build, we must build, a defense against repetition.  Hitler and Stalin are waiting for us to forget, because this is what makes possible the resurrection of these two monsters."

Simon Wiesenthal

"This is what a society looks like when the glue that holds it together starts to dissolve. This is the way ordinary citizens react when they learn that the structure beneath them is crumbling. And this is the thrill that pulses through the veins of the well-to-do when they discover that there is no longer any limit on their power to accumulate." 

Thomas Frank, Rendezvous with Oblivion


“It is my purpose, as one who lived and acted in these days, first to show how easily the tragedy of the Second World War could have been prevented; how the malice of the wicked was reinforced by the weakness of the virtuous.” 

Winston S. Churchill, The Gathering Storm


"I know nothing that I may say can influence you.  You have no souls to be influenced.   You are spineless, flaccid things.  You are lick-spittles and panderers, the creatures of the Plutocracy.  You talk verbosely in antiquated terminology of your love of liberty, and all the while you wear the scarlet livery of the Iron Heel.”

Jack London, The Iron Heel

Stocks just cannot seem to gain a footing and hold a rally together.

Gold and silver rallied today and went out near their highs.

The Dollar declined a bit from its recent impressive highs.

VIX declined, which was a bit counter-intuitive to the weakness in stocks.

Perhaps it signals a more fruitful environment for bully to finally shake off this malaise.

Stock option expiration on this Friday the 20th may help the wiseguys focus..

Have a pleasant evening.