Stocks and Precious Metals Charts - This Forgotten Babylon

 

"I met a traveller from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shatter'd visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamp'd on these lifeless things,
The hand that mock'd them and the heart that fed.
And on the pedestal these words appear:

'My name is Ozymandias, king of kings:
Look on my works, ye mighty, and despair!'

Nothing beside remains: round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away."

 Percy Bysshe Shelley, Ozymandias


"The rich man replied, ‘No, Father Abraham! But if someone is sent to them from the dead, then they will repent of their sins and turn to God.’

But Abraham said, ‘If they won’t listen to Moses and the prophets, they will not be persuaded, even if someone rises from the dead.’”

Luke 16:30-31


"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky. There have always been plagues and wars, yet they always take us by surprise.

When war breaks out people say it's stupid and won't last long. Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves. In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague

 

Stocks managed to hold a rally and go out near the highs, despite the usual wobbly day.

The VIX declined.

The Dollar declined a bit.

Gold fell a little, but silver rode with equities.

Some miners I hold now for trade rallied nicely, despite the loss in gold.

Many things are at play now, exogenous events that may be hard to predict.

Equally hard to predict is the madness that overtakes lose who forget who they are, and the place that they hold in creation. 

For what does it profit a man...

Are you not yet entertained?

Have a pleasant evening.

Stocks and Precious Metals Charts - Where are the Snows of Yesteryear - Götterdämmerung

 

"¿Qué fue entonces del rico y de su poderío
de la vanaglorïa, de su orgulloso brío?
Todo ya es pasado y corrió como río;
de todo su pensar fincó él mucho frío."

Pedro López de Ayala, Ubi sunt


"Beauty is but a flower
Which wrinkles will devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath close' d Helen's eye.
I am sick, I must die.
Lord, have mercy on us.

Thomas Nashe


"Et Jehanne, la bonne Lorraine,
Qu'Anglois bruslerent à Rouen;
Où sont-ilz, Vierge souveraine?
Mais où sont les neiges d'antan."

François Villon,  Ballade des dames du temps jadis


"Wir sind aus solchem Zeug wie das zu Träumen...
Und drei sind Eins: ein Mensch, ein Ding, ein Traum."

H. von Hofmannsthal


物の哀れ


"For what does it profit a man, to gain the whole world, but lose his soul?"

Mark 8:36


Stocks managed to find a footing and hold an advance higher, going out near those highs of the day. 

Gold and silver were off a bit, despite the Dollar falling quite a bit down into the 103 handle.

The VIX fell back down to its 50 day moving average.

The underpinnings of the economic recovery are as full of holes as the bubbles in equities.

There will be a stock option expiration on Friday.

We have raised a mighty edifice, that overshadows the globe.

Surely we shall endure.  

For are we not wonders, the paragon of history, exceptional?

Have a pleasant evening.