22 June 2023

Stocks and Precious Metals Charts - Oathbreakers and Faithless Shepherds

 

Thomas More:  When a man takes an oath, Meg, he's holding his own self in his own hands.  Like water.  And if he opens his fingers then— he needn't hope to find himself again.

Robert Bolt, A Man For All Seasons

"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living.  I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.  They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

"You who make wicked judgements, who write oppressive laws to deprive the needy of justice, and to rob the poor of their rights, that widows may be your victims, and that you may make the orphans your prey— what will you do on the day of reckoning, when the consequences come from afar?   To whom will you run for protection, and where will you hide your riches?"

Isaiah 10:1-3

"No one can serve two masters, for he will hate the one and love the other, or he will be devoted to the one, and despise the other.   You cannot serve both God and your possessions."

Matt 6:24

Margaret Roper:  Haven't you done as much as God can reasonably want?
Thomas More:  Well, finally— it isn't a matter of reason.  Finally, it's a matter of love.

Robert Bolt, A Man For All Seasons

 

Stocks managed to put together a bounce today after the steep sell off from earlier this week.

That in turn was the consequence of a parabolic move higher which was targeting the very large short position in the SP 500.

The capital allocation system in the US has been co-opted, and broken.  

This will end badly.   And the jokers running the show do not care.  At all.

Gold and silver took a hit in the futures but recovered much of it in the miners.

The Dollar recovered what it gave up yesterday.

VIX continues to drift lower.

The oligarchs and their servants lie, to everyone and each other.

And they have come to admire their lies, for none do it better, or more boldly.

Dancing on the edge of a volcano.

Have a pleasant evening.