15 November 2023

Stocks and Precious Metals Charts - The Harvest of Consequences

 

"A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends. The symptoms of fascist thinking can be identified by their appeal to prejudice and by the desire to play upon the fears and vanities of different groups in order to gain power.

American fascists are most easily recognized by their deliberate perversion of truth and fact. Their newspapers and propaganda carefully cultivate every fissure of disunity, every crack in the common front against fascism. They use every opportunity to impugn democracy.  They claim to be superpatriots, but they would destroy every liberty guaranteed by the Constitution.   They demand free enterprise, but are the spokesmen for monopoly and vested interest.  In their insatiable greed for money and the power which money gives, they do not hesitate surreptitiously to evade the laws designed to safeguard the public from monopolistic extortion."

Henry Wallace, The Danger of Fascism, 1944

"And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’”

Luke 16:30-31

"It is the time of the harvest, and the reaper cuts into the ripe grain with wide strokes.   Mourning takes up her abode in the country cottages, and there is no one to dry the tears of the mothers.  Whoever today still doubts the reality, the existence of demonic powers, has failed by a wide margin to understand the metaphysical background of this war.  Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: the struggle against the demon, against the servants of the Antichrist.  Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak. Man is free, to be sure, but without the true God he is defenseless against the principle of evil." 

The White Rose, Fourth Leaflet, Munich, 1942

"Because of your hard and unrepentant hearts you store up wrath for the Day of the righteous judgment of God, who will render then to each according to what they have done."

Romans 2:5-6

"You murder the prophets, and abuse those whom God has sent to you as messengers.   How often I have longed to gather your children together, as a hen gathers her young under her wings.  But you would not let me.  As you have willed it, so your house is now yours to command— but is made desolate.’”

Matthew 23:37-38
 

Stocks were digesting their outsized gains from the CPI rally yesterday, finishing up either unchanged or slightly lower.

Gold gave up some of its rally gains as well.

Silver, that bucking bronco, moved higher yet again.

The VIX fell as one might expect.

The Dollar caught a little bounce after its big decline from yesterday.

All of this is as one might expect.

There will be a stock option expiration on Friday.

The exogenous events of the world are seemingly pushed aside.

This insular insouciance may not last.

In the end, there will be a harvest of consequences.

Have a pleasant evening.