Stocks and Precious Metals Charts - The Irresponsibles - End of the 2nd Quarter

 

"There is now abundant evidence of widespread, unpunished criminal behavior in the financial sector.  The evidence is now overwhelming that over the last thirty years, the U.S. financial sector has become a rogue industry.   As its wealth and power grew, it subverted America’s political system (including both political parties), government, and academic institutions in order to free itself from regulation.  The financial sector is now a parasitic and destabilizing industry that constitutes a major drag on American economic growth. The financial sector is the core of a new oligarchy that has risen to power over the past thirty years, and that has profoundly changed American life."

Charles Ferguson, Predator Nation, 2012

"The market ideology is now the new form of imperial power and many of us, without any critical reflection, have signed onto that and organized our lives in that way so we do not have any time, energy or capacity for the things that are rightly important to us"

Walter Brueggemann, Truth Speaks to Power

"Nations that have been blessed can blind themselves to their excesses and offenses, while taking sole credit for the blessings that have been given to them.  And so they misuse their power and wealth and great fortunes, granted to them by God, to oppress and subjugate others.  And in their hardened hearts they hold their selfishness aloft, profanely, as the greatest good, the exceptional— even as they oppress and plunder and murder their own and others.  Until at long last God humbles them, and breaks the backbone of their power."

Jesse, Lazarus and the Rich Man, 12 March 2020

"God has no pleasure in afflicting us, but He will not keep back even the most painful chastisement if He can but thereby guide His beloved child to come home.  A believer may pass through much affliction, and yet secure very little blessing from it all.  Abiding in Christ is the secret of securing all that the Father meant the chastisement to bring us."

Andrew Murray

 

Stocks turned in a mixed performance today as big cap techs lagged and the broader market moved higher.

Gold was slammed early as the Dollar rocketed higher, but managed to end the day unchanged. 

Silver gave up a little ground but remained positive for the week.

The VIX contines to wallow in complacency.

Let's see how we stumble into the quarterly close tomorrow.

Have a pleasant evening.