10 January 2024

Stocks and Precious Metals Charts - Instruments of Darkness

 

"I waited patiently for the Lord;
      then he listened and heard my cry.
He pulled me out of an abyss,
      out of the deadly mire.
Many who see this will take warning
      and will put their trust in the Lord.
Happy are those who trust the Lord,
      who do not turn to false gods
      or join in the worship of idols."

Psalm 40:1-4

“Son of man, they have set up idols in their hearts.  They cling to the errors that will make them fall into sin."

Ezekiel 14:3

"A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings,to slaves, to instruments... One cannot fail to see in all these noble races the beast of prey, the splendid blond beast, prowling about avidly in search of spoil and victory; this hidden core needs to erupt from time to time, the animal has to get out again and go back to the wilderness.”

Friedrich Nietzsche

"But ’tis strange.
And oftentimes, to win us to our harm,
The instruments of darkness tell us truths,
Win us with honest trifles, to betray us
In deepest consequence."

William Shakespeare, Macbeth

"When a society fails to restrain the worst behaviours of those who prey on others through the abuse of power or money, their example brings out the worst in a much larger subset of the population.    This is why romantic notions about markets and societies without law and transparent regulation are so harmful. They turn the power of the markets and the laws over to the least scrupulous and self-controlled in a society. This is why any social system without checks and balances, without transparency and restraints, will eventually deteriorate into a dysfunctional system of self-interest and looting."

Jesse, Without Empathy or Remorse, 13 August 2016

"For they have sown the wind, and they shall reap the whirlwind."

Hosea 8:7

Stocks shook off their early concerns and managed to put together another rally higher.

Gold and silver were lower along with the Dollar.

VIX fell again.   

The market loves to wallow in complacency.

Who is like unto the Beast?

Nemesis awaits.   

People blind themselves to the consequences of their actions, and are willing to commit awful deeds, without considering the price that will be paid.

Try not to follow your favorite outrage performer into the abyss.

Have a pleasant evening.