18 July 2024

Stocks and Precious Metals Charts - The Answer Is Blowing in the Wind

 

"What miserable drones and traitors have I nurtured and promoted in my household, who let their lord be treated with such shameful contempt by a low-born cleric. O wretched Man that I am, who shall deliver me from this troublesome Priest?"

Henry II, speaking about Thomas Becket, Archbishop of Canterbury, Christmas 1170, historical sources.[1]

"Truth be told, most politicians couldn't care less about the plight of the poor. There's so much profit to be made from poor people - think payday loans, high-interest rent-to-own stores, for-profit colleges, and overpriced mobile homes - that politicians and their crony-capitalist donors have a vested interest in keeping them poor."

Joshua Wilkey, My Mother Wasn't Trash, 2017

"The historical evidence is overwhelming. Many societies have done well for a while – until powerful people get out of hand.  This is an easy pattern to see at a distance and in other cultures.   It is typically much harder to recognize when your own society now has an elite less subject to effective constraints and more able to exert power in an abusive fashion. And given the long history of strong institutions in the United States, it appears particularly difficult for some people to acknowledge that we have serious governance issues that need to be addressed."

Simon Johnson, Jamie Dimon and the Fall of Nations, Economix, May 31, 2012

 

I am not watching bubblevision today.  Pretty much for the same reasons I am not watching the network news and the RNC.   It's like watching a drunk grabbing their keys and bolting for their car.  It's hard to stop, and almost guaranteed not to end well.

And who is going to tell grandpa that he's not allowed to drive anymore.

But apparently Netflix did not post good results in their earnings call after the bell, since the stock is lower in afterhours.

Gold and silver were smacked down fairly hard.  And the miners followed.

The Dollar rallied.

VIX rose.

I think quite a bit of this is for the stock option expiration tomorrow, and perhaps for the Comex metals option expiration on Thursday the 25th. 

While we are mesmerized with the bread and circuses at home, dumpster fires are raging in the Ukraine and the Mideast.  If Israel invades Lebanon, then it's Katy bar the door.

The young man is a married man now.  A milestone long anticipated.  

Few Americans really understand what their leaders have been doing in the world. It's discouraging to see how servile the media has become to the moneyed interests and their narratives.  But apparently it is more the historical norm that we have been led to believe.

We who murder the prophets, and persecute the messengers who tell the truth.  

While the band played on.

When the truth is found to be lies, and all the joy within you dies.

Have a pleasant evening.