20 December 2023

Stocks and Precious Metals Charts - Ghosts of Bubbles Past - Yulletide Wash and Rinse

 

“You are fettered,” said Scrooge, trembling. “Tell me why?”

“I wear the chain I forged in life,” replied the Ghost. “I made it link by link, and yard by yard; I girded it on of my own free will, and of my own free will I wore it. Is its pattern strange to you?” Scrooge trembled more and more.

“Or would you know,” pursued the Ghost, “the weight and length of the strong coil you bear yourself? It was full as heavy and as long as this, seven Christmas Eves ago. You have laboured on it, since. It is a ponderous chain!..."

“But you were always a good man of business, Jacob,' faltered Scrooge, who now began to apply this to himself.

Business!' cried the Ghost, wringing its hands again. "Mankind was my business; charity, mercy, forbearance, and benevolence, were, all, my business. The deals of my trade were but a drop of water in the comprehensive ocean of my business!”

Charles Dickens, A Christmas Carol

"The people who walked in darkness have seen a great light; those who dwelt in a land of deep darkness, on them a light has shined."

Isaiah 9:1


After reaching new highs and the pinnacle of another vaporous overbought risk bubble, stocks sold off hard this afternoon.

Wash and rinse complete.

Ho, ho, ho.

Gold and silver sold, while the Dollar rose.

VIX rebounded strongly from its recent supine levels.

It never ends.   

Have a pleasant evening.