20 December 2022

Stocks and Precious Metals Charts - Bank of Japan Roils Markets - Christmas Week Blizzard of 2022

 

“No servant can serve two masters.  For you will either hate the one and love the other or be devoted to the one and despise the other.  You cannot serve both God and greed.”

Luke 16:15

"Sweating in his cell in the evening, Göring was defensive and deflated and not very happy over the turn the trial was taking.  We got around to the subject of war again and I said that, contrary to his attitude, I did not think that the common people are very thankful for leaders who bring them war and destruction.

'Why, of course, the people don't want war,' Göring shrugged.  'Why would some poor slob on a farm want to risk his life in a war when the best that he can get out of it is to come back to his farm in one piece.  Naturally, the common people don't want war; neither in Russia nor in England nor in America, nor for that matter in Germany.  That is understood.

The people can always be brought to the bidding of the leaders.  That is easy.  All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger.  It works the same way in any country.'"

Gustave M. Gilbert, Nuremberg Diary

"He who makes a beast of himself gets rid of the pain of being a man."

Samuel Johnson

"The inability (unwillingness) to identify with others was unquestionably the most important psychological condition for the fact that something like Auschwitz could have occurred in the midst of more or less civilized and innocent people.  What is called 'fellow traveling' was primarily business interest: one pursues one’s own advantage before all else and, simply not to endanger oneself, does not talk too much."

Theodor Adorno

“Each day we are becoming a creature of splendid glory, or one of unthinkable horror.”

C. S. Lewis


The Bank of Japan shocked markets with a change in stance on their bond rates, fueling a rally in the Yen.

And that in turn took the DX Dollar Index lower.

Gold and silver rallied sharply.

Stocks had a ranging day but managed to hold a little bounce after yesterday's drop.

Accuweather warns that the central US is in for a pre-Christmas blizzard later this week. 

Be careful out there and stay warm.

Have a pleasant evening.