20 September 2022

Stocks and Precious Metals Charts - Principalities and Powers - FOMC Tomorrow


"All your ways may be straight in your own eyes,
    but it is the Lord who weighs our hearts.
To do what is right and just
    is more acceptable to the Lord than sacrifice.
Haughty eyes and a proud heart—
    the lamp of the wicked will fail.
Trying to get rich by lying
    is like chasing a bubble over deadly snares."

Proverbs 21:2-6

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.  Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes.  Psychopaths rally followers.”

Nassim Nicholas Taleb, The Black Swan

"Abraham replied, ‘They have Moses and the Prophets; let them listen to them.’  No, father Abraham,’ the rich man said, ‘but if someone from the dead appears to them, they will repent.’

And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’”

Luke 16:28-31

"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

Ephesians 6:12

Stocks slumped again today in advance of the FOMC rate decision tomorrow.

The Dollar strengthened on rumors of a hawkish meeting and press conference.

Gold and silver declined a bit.

I suspect that the Fed will raise 75 bp tomorrow.

As for any further hawkish words from Powell, we'll just have to see.

It smells like a sell the rumor buy the news type of scenario but it is hard to forecast the vagaries of the rapacious minds of our modern imperial moneymen

"'My name is Ozymandias, king of kings:
Look on my works, ye mighty, and despair!'
Nothing beside remains: round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away."

Percy Bysshe Shelley, Ozymandias
Have a pleasant evening.