06 June 2022

Stocks and Precious Metals Charts - Lackluster and Repetitive - The Banality of Monetary Policy

 

“In keeping silent about evil, in burying it so deep within us that no sign of it appears on the surface, we are implanting it, and it will rise up a thousand fold in the future. When we neither punish nor reproach evildoers, we are not simply protecting their trivial old age, we are thereby ripping the foundations of justice from beneath new generations.”

Aleksandr Solzhenitsyn, The Gulag Archipelago


“The primary purposes of the political pamphlets of the early 1700s were neither to enlighten nor educate the masses, but to incite partisan conversation and spread commensurate ideas. Facts were not permitted to fetter the views they espoused, and the restraints of objective journalistic credibility were discarded by pamphleteers bent on promoting subjective slant to an insatiable general public for whom political dissonance was an integral part of social interaction.”

Gavin John Adams, Letters to John Law


"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”

Thomas More, The Sadness of Christ


"I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail."

Abraham Maslow, The Psychology of Science, 1966



Even as pump and dumps go, today was rather lackluster, even boring to the point of banality.

It contained all the cutting drama of a Jackie Vernon vacation slide show.

Gold and silver rallied early and then were pressed back down.

Stocks rallied early and then largely faded into the afternoon.

The dollar chopped sideways but managed to finish slightly higher.

The VIX wallowed.

Have a pleasant evening.