Stocks and Precious Metals Charts - Great Empires and Little Minds

 

"The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.  

Material facts are suppressed, dates altered, quotations removed from their context and doctored so as to change their meaning.  Events which, it is felt, ought not to have happened are left unmentioned and ultimately denied."

George Orwell, Notes on Nationalism, 1945

"Those who can make you believe absurdities, can make you commit atrocities.  If you do not use the intelligence with which God endowed your mind to resist believing impossibilities, you will not be able to use the sense of injustice which God has planted in your heart to resist a command to do evil."

François-Marie Arouet Voltaire, Question sur les miracles, 1765

“No man for any considerable period can wear one face to himself, and another to the multitude, without finally getting bewildered as to which may be the true.” 

Nathaniel Hawthorne, The Scarlet Letter, 1850

"All this, I know well enough, will sound wild and chimerical to the profane herd of those vulgar and mechanical politicians who have no place among us; a sort of people who think that nothing exists but what is gross and material, and who, therefore, far from being qualified to be directors of the great movement of empire, are not fit to turn a wheel in the machine. Magnanimity in politics is not seldom the truest wisdom; and a great empire and little minds go ill together."

Edmund Burke, Speech on Conciliation with America, March 22, 1775


Comments are a bit late today.  A veterinarian appointment was to be had at the market close.   

The first chart below summarizes the difference in the price action in silver during the NY and non-NY trading hours.

I don't follow it, but it used to be a notorious phenomenon in gold, with London-NY leaning on the price heavily during their trading day.

Stocks tumbled but managed back to unchanged.

I use the term 'managed' with purpose.

Gold took a little bounce but silver was hit once again, but managed to come back off the lows.

VIX is starting to signal another correction may be on its way.

The failure of the current government in the States is becoming more evident.  They can barely say anything that is not untrue anymore.

The economy is slumping, but they are trying their best to hide it, and keep promoting the thought that 'next year' everything will be better.

I doubt that it will.  These are reivers and predators, not builders.  Destroyers, rather than producers.

They are in it wholly for themselves. And it shows if one has eyes to see.

It's a shame really.  But I imagine we will go through some painful times, and then bounce back once again.

Foolishness will have its way, and will not be deterred from its own destruction.   

And it is already beginning. 

Have a pleasant evening. 

Stocks and Precious Metals Charts - The Deceptive Attraction of Evil

 

"Do you not know that if you submit yourselves as servants, you become servants of that which you obey, whether of sin which leads to death, or of righteousness which leads to life?"

Romans 6:16

"There is a time for mercy, and a time for justice.  And the only irreparable sorrow is to find oneself standing, without repentance, before the very Face of forgiveness."

George Bernanos, Diary of a Country Priest, 1936

"They all seek satisfaction, and differ only in the object through which they hope to find it."

Blaise Pascal, Pensées, 1670

"The great masquerade of evil has played havoc with all our ethical concepts.  For evil to appear disguised as light, charity, historical necessity, or social justice is quite bewildering to anyone brought up on our traditional ethical concepts, while for the Christian who bases his life on the Bible it merely confirms the fundamental wickedness of evil."

Dietrich Bonhoeffer, After Ten Years, 1942

"From time to time, she comes to cast a little of her peace, her mysterious grandeur, into the soul of the profound artist, then returns to her immense solitude, in the midst of the streets crowded with people.  In the end, she said, the only real sadness is not to have been a saint."

Léon Bloy, La femme pauvre


Gold and silver were under pressure most of the day, finishing unchanged.

The Dollar continued its slide, giving up the 99 handle.

VIX continued to retreat into complacency.

Stocks drifted higher.

The great deception continues, carried by a vanguard of lies and official fabrications. 

Have a pleasant evening.  

Stocks and Precious Metals Charts - War Economy, Whore Economy

 

“Kings had always been involving and impoverishing their people in wars, pretending generally, if not always, that the good of the people was the object. This, our [Constitutional] Convention understood to be the most oppressive of all Kingly oppressions; and they resolved to so frame the Constitution that no one man should hold the power of bringing this oppression upon us.”

Abraham Lincoln, Letter to William Herndon, 1848

"The selling of the Iraq War to the American public was an exploitation of mass gullibility. Current circumstances give little or no hope that the public response would be much different to the selling of some future untoward war."

Paul Pillar, Selling the Iraq War: Gullibility and Mass Hysteria, March 15, 2023

"Every war when it comes, or before it comes, is represented not as a war but as an act of self-defense against a homicidal maniac. All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting. War against a foreign country only happens when the moneyed classes think they are going to profit from it."

George Orwell, Facing Unpleasant Facts, 1999

“Instead of hating the people you think are war-makers, hate the appetites and disorder in your own soul, which are the causes of war.  If you love peace, then hate injustice, hate tyranny, hate greed — but hate these things in yourself, not in another.”

Thomas Merton, New Seeds of Contemplation, 1961

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."

R. J. Rummel, Genocide and Mass Murder Since 1900, 1994

Stocks found a footing and managed to stage a little rally back today.

The Dollar was trying to move higher, but fell back into the close.

Gold and silver gave up some ground, but then both came back into the close as the Dollar fell.

Silver in particular is showing its usual feisty strength, closing again at a high.

VIX fell back and is still complacent.

One event away.   

And Our Merry Pranksters in Washington are like twelve year olds, cranks, and sociopaths with guns.

Have  a pleasant evening. 

Stocks and Precious Metals Charts - All That Is Required To Serve the Beast Is Do Nothing

 

"You have accepted things you would not have accepted five years ago, a year ago, things that your father, even in Germany, could not have imagined.  Suddenly it all comes to be, all at once.  You see what you are, what you have done, or, more accurately, what you haven’t done.  For that was all that was required of most of us: that we do nothing.  You remember everything now, and your heart breaks.  Too late.  You are compromised beyond repair."

Milton Mayer, They Thought They Were Free: The Germans, 1933-45, 1955

"It does not matter how small the sins are, provided that their cumulative effect is to edge the man away from the Light and out into the Nothing.  Indeed the safest road to Hell is the gradual one—the gentle slope, soft underfoot, without sudden turnings, without milestones, without signposts."

C.S. Lewis, The Screwtape Letters, 1941

"Their tongues are devious weapons, bent like drawn bows.  With lies rather than truth they have gained power in the land.  They commit one crime after another.  They do not accept me."

Jeremiah 9:3

"Anyone can be misled by a clever person, and no one likes to readily admit that they have been had.  It is a sign of character and maturity to realize this, and admit your were deceived, and to demand change and reform. But some cannot, even when the facts of the deception are revealed. The more incorrect that the truth shows them to be, the louder and more strident they become in shouting down and denying reality. At the extremes, it is no longer about justice, but about the objectification of the individual, the elevation of ideology over truth, and the dehumanisation of 'the other.'"

Jesse, The Economics of Demagogues, 18 June 2012

"So live this way because you are aware of the time, that the hour for you to wake from sleep is now. Our salvation is nearer now than when we first believed. The night is nearly over, and the day is at hand. So we must throw off the works of darkness, and put on the armor of light."

Romans 13:11-12

"One of his heads appeared to have been wounded, but its wound had been healed. The whole world then became fascinated with the Beast, and gave their allegiance to him. And they worshiped the serpent, for giving such power to him, as they also worshiped the Beast. 'Who is as great as the Beast?' they shouted. 'And who is able to resist him?' And the Beast was allowed to speak arrogantly with offensive words, and exercise authority for forty-two months."

Revelation 13:3-5

You have accepted things, things that your father could not even have imagined.

Stocks are wobbly.

Donnie and Bessent keep trying to prop and pop them up with paper thin good news announcements.

Gold and especially silver are speaking some truths.   Silver popped up to 59.50 today until it fell back a bit.

VIX is still a bit on the low side.

One event away from something historic. 

Have a pleasant evening.