29 May 2024

Stocks and Precious Metals Charts - Masters and Monsters

 

Beware the leaven of the Pharisees, which is hypocrisy. Nothing is hidden that will not be revealed, and nothing is secret that will not be made known. Whatever has been said in the dark will be heard in the light, and what they have whispered in private will be proclaimed from the housetops. Do not fear those who kill the body, and after that have nothing more they can do. But fear the one who, after the killing, has the power to cast you into hell.  Fear this one!

Luke 12:1-5

Why do you not understand what I am saying? It is because you cannot bear to hear my words. You are from your father, the devil, and you willfully carry out your father’s desires. He was a murderer from the beginning, and he does not stand with the truth, for there is no truth in him. When he lies, he speaks in accord with his nature, for he is a liar and the father of lies.

John 8:43-44

The real conflict is the inner conflict. Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost personal selves?

Maximilian Kolbe

The root of it all is in the will to power, the desire of a select few to determine the value of all life, and to define both good and evil, with themselves as the ultimate good.  And their handiwork is not life, but a profound emptiness, the abomination of desolation.   They never have enough.  Not enough money, not enough power, not enough killing.  They cannot give life, so they will bring death.  They fear weakness and death, so they attempt to be its master.  They would be as gods.  And in their pride they make themselves, and all those around them, not masters but monsters.

Jesse, Social Darwinism, 17 September 2014
 

Stocks were hit with selling this morning, and it last in varying degrees throughout the day.

The Dollar rallied in a 'flight to safety' as the VIX rose higher.

Gold and silver were hit early, but silver shook it off and finished roughly unchanged.

Gold dropped a little.  It had the more significant option expiration yesterday, and this may have been the expected 'gut punch' that often follows a major expiration.

Gold was moving in and out even-handedly in the Hong Kong warehouses yesterday.

We'll be getting some GDP data tomorrow morning, and PCE inflation on Friday.

We had some storms roll through yesterday and they brought cooler weather in the 70's with a welcome breeze.  

The garden is all in now and growing well.

The young man is getting married in July, and so Daisy and I will be looking after things for a while.

For these are a rebellious people, deceitful children, unwilling to listen to the commandments of the Lord.
They say to their seers,‘Do not see!’, and to the prophets,‘Say nothing of what is right.
Tell us only things that please us— prophesy illusions.
And here it is, our world of monstrous realities, veiled in scolding deceits and thinly spun illusions.

Have a pleasant evening.