Stocks and Precious Metals Charts - Tail Risks

 

“When you see a cloud rising in the west, you immediately say, ‘It is going to rain,’ and so it happens.  And when you see the wind blowing from the south, you say, ‘It is going to be hot,’ and so it happens.  You hypocrites.  You know how to interpret the appearance of earth and sky.  Why then do you not know how to interpret the present time?"

Luke 12:54-56

"We will not learn how to live together in peace by killing each other's children."

Jimmy Carter, Nobel Lecture, December 10, 2002

“Pity the nation whose people are sheep,
and whose shepherds mislead them.
Pity the nation whose leaders are liars,
whose sages are silenced,
and whose bigots haunt the airwaves.
Pity the nation that raises not its voice,
except to praise conquerors
and acclaim the bully as hero.”

Lawrence Ferlinghetti, New Poems, City Lights

"All changed, changed utterly:
A terrible beauty is born."

W. B. Yeats, Easter 1916


Are we not exceptional?

Are you not entertained?

Gold and silver rallied higher today out of their coiling patterns, as the war in the Mideast intensified. 

Stocks finished weakly again, grappling with the risks of the fog of war.

VIX rose.

The Dollar chopped sideways finishing largely unchanged.

And so it begins again.

Have a pleasant weekend.