26 October 2022

Stocks and Precious Metals Charts - The Great Emptiness

 

"I am guilty, but not in the way that you think.
I should have recognized my duty earlier;
I should have more sharply called out evil, as evil;
I suppressed my judgement far too long.
I did warn,
but not nearly enough, and certainly not clearly enough;
And today I know the nature of my guilt, and my obligation."

Albrecht Haushofer, executed by the SS, 23 April 1945


“Imagining that you are deep and complex, but others are simple, is one of the primary signs of malignant selfishness.”

Stefan Molyneux


"The definition of money as the sublime good results in the depreciation of all values that do not pay.  What is moral is what returns a profit and satisfies the judgment of the bottom line.  Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit.  This commercial reading of the text of human nature gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism.

Never in the history of the world have so many people been so rich; never in the history off the world have so many of those same people felt themselves so poor.  The state of perpetual emptiness is, of course, very good for business.  The feasts of consumption sustain the economy, keep up the volume in the stock markets, employ the unemployable, excite the fevers of speculation, and stimulate the passion for political and sexual novelty."

Lewis H. Lapham


"Every sin is an attempt to fly from emptiness."

Simone Weil, Gravity and Grace


"Those who have crossed
With direct eyes, to death's other Kingdom
Remember us—if at all—not as lost
Violent souls, but only
As the hollow men
The stuffed men."

T. S. Eliot

Stocks fluffed around again, and finished slightly lower, led by the disappointments of big tech.

Gold and silver advanced, but not as much as one might might think with the Dollar taking another leg lower.

At some point the markets will have to catch up with reality.

The Bank of Canada did a 'pivot' of sorts today, and that breathed more air into the bubble dreams of Wall Street.

I think we have heard this tune before.

Many times.

Have a pleasant evening.