13 February 2023

Stocks and Precious Metals Charts - To Be Human - CPI Tomorrow


"Our money and priorities are for the most part elsewhere, disconnected from many of the common realities of most people.  This is part of the reason for our historic economic inequalities.  But there is an underlying goodness and kindness that you can find if you look for it, and let yourself become a part of it. We just forget, because we see so much wickedness and greed, and it gets the most attention.

As William Butler Yeats put it in the aftermath of the first World War, 'the best lack all conviction, while the worst are filled with passionate intensity.'  Perhaps, but these things come and go.   And when it becomes bad enough, people rouse themselves from their torpor, and change comes, one way or another.

That is not what it is to be human.   Most do not even have a genuine understanding of what that means anymore.  They think, well, if Mother Teresa abandoned the poor and ran off to be an investment banker or an actress, that would only be human.  We are content to be trousered apes.   We make beasts of ourselves to avoid the pain of seeing what we really serve, and who we are slowly becoming.

At some point not to become fully human in every sense of the word, and to hold on to your humanity is, in the end, the only real tragedy."

Jesse, 1 February 2017

"Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity...

And what rough Beast, its hour come 'round at last,
Slouches towards Bethlehem to be born?"

W. B. Yeats, The Second Coming, 1919

Stocks were in a mood to move higher today, although the CPI data point tomorrow morning had them on edge.

Gold and silver were hit.

The Dollar slide lower.   Althugh it's funny because if I had just listened to bubblevision I would have thought it moved higher.

The VIX fell.

There will be an index option expiration next week.

If the CPI makes an unexpected print tomorrow we may have some action.

The geopolitical bias in the media is almost astonishing.

I suppose it has always been there, but it is very handed of late it seems.

Perhaps the abomination of desolation draws steadily closer.

Have a pleasant evening.