Stocks and Precious Metals Charts - Deliver Us From Evil

 

"You are not a God who delights in evil,
       the lawless cannot remain in your presence.
The arrogant cannot bear the weight of your gaze;
        you despise all who do evil.
You destroy all who tell lies— 
        the Lord detests the violent and the deceitful."

Psalm 5:5-7

"Daughters of Jerusalem, do not weep for me.  Weep instead for yourselves and your children."

Luke 23:28

"Put on sackcloth and lament, you priests.
       Wail, you ministers of the altar.
Come, pass the entire night in repentance,
        you ministers of my God.
For the house of your God will be deprived
        of even the offerings of grains and wine.
Announce a holy fast;
        proclaim a solemn gathering.
Call the elders
        and all the people of the land
To the house of the Lord, your God,
       and cry out unceasing to Him there.
For the day of the Lord is near,
       coming as a destruction from the Almighty.
       What sorrow will visit you on that day.

Sound the trumpet in Zion
        Raise the alarm on my holy mountain.
Let everyone tremble in fear
        because the day of the Lord is upon us.
It is a day of darkness and gloom,
        a day of thick clouds and deep blackness.
Suddenly, like dawn spreading across the mountains,
        a vast and mighty army appears.
Nothing like it has been seen before
        or may likely ever be seen again."

Joel 1:13-15, 2:1-2

"Behold, your house is now yours, but is made desolate.’”

Matthew 23:38


I'm still on vacation.   But I thought today called for at least a weekly update. 

Every day I update my charts, and continue to trade for my own account, lightly. 

Was I positioned for this?   

We had a correction today, as the Donald threatened to slap whopping tariffs on China. 

This was in response to China's throttling of rare earth mineral exports to the US.

'Only we get to do that, ' said J. D.    

The Dollar melted.

VIX soared.

Stocks dropped like stones, and went out near the lows.   

But there is still an open gap, notably on the NDX.

This was just a correction today, and long overdue, the bubble having become overextended in the pursuit of a big, beautiful stock market, the best ever seen.

Walt and the ESF decided to just let it slide, the better to skin your with my dear.

Gold and silver held their levels in the selling, with gold putting together a late rally. 

If we get a serious market reversal I have marked target levels on the charts.

We should, by historical standards, get a rally shortly.  If it fails to make a new high, we could be slipping into a crash sequence which I will be following real time.

Have fun.

And a pleasant weekend.

Stocks and Precious Metals Charts - The Rise of the Unspeakable

 

"Even if it were to explode into smithereens today, the fact would remain that it [NSDAP] recently won fifteen million voters. Its brutish, loud-mouthed and brainless behavior has acted not as a deterrent but rather as an attraction, and has generated unconditional and subservient followers."

Carl von Ossietzky, Die Weltbühne, January, 1933

"It is very odd that the unhappiness of the world is so often brought about by small men."

Erich Maria Remarque, All Quiet on the Western Front, 1928

"I have tried to keep memory alive, that I have tried to fight those who would forget.  Because if we forget, we are guilty, we are accomplices.  We could not prevent their deaths the first time, but if we forget them they will be killed a second time.  And this time, it will be our responsibility.

And that is why I swore never to be silent whenever and wherever human beings endure suffering and humiliation.  We must always take sides.  Neutrality helps the oppressor, never the victim.  Silence encourages the tormentor, never the tormented.  Sometimes we must interfere.  When human lives are endangered, when human dignity is in jeopardy, national borders and sensitivities become irrelevant.  Wherever men or women are persecuted because of their race, religion, or political views, that place must – at that moment – become the center of the universe."

Elie Wiesel, Nobel Prize Acceptance Speech, 10 December 1986

"What theology, history and common sense have taught me is that the civilizations which allow the gap to widen between the ideal to which they claim and the realizations which they propose of it, these civilizations are dying of their hypocrisy.“

Henri-Irénée Marrou, France ma patrie, Le Monde, 5 avril 1956

"The Barbarian hopes — and that is the mark of him, that he can have his cake and eat it too.  He will consume what civilization has slowly produced after generations of selection and effort, but he will not be at pains to replace such goods, nor indeed has he a comprehension of the virtue that has brought them into being.  We sit by and watch the barbarian.  We tolerate him in the long stretches of peace, we are not afraid.  We are tickled by his irreverence; his comic inversion of our old certitudes and our fixed creed refreshes us; we laugh.  But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles."

Hillaire Belloc, This That and the Other, 1912

"Turning to them Jesus said, 'Daughters of Jerusalem, do not weep for me. Weep instead for yourselves and your children.'"

Luke 23:28

"The days are coming when men will go mad, and when they meet a man who has kept his senses, will rise up against him, saying, 'You are mad, because you are not like us.'  And I saw the snares that the enemy spreads out over the world and I said, groaning, 'What can get us through such snares?'  And then I heard a voice saying to me — humility.”

Saint Anthony the Great, Abbot of Colzim Egypt, 251-356


Gold topped and closed above $4000 today.

This marks the consummation of a forecast about the global economy and the 'currency wars' in the resolution of Bretton Woods II that I had made in the late 1990s with gold at $300.   

I am very grateful that I have been allowed to live long enough to see this all unfold.

Silver lagged a bit, being weighed down by the economy and the equities.

Stocks sagged but held a level.   When they give way they could fall quite a bit, but we'll need to see some trigger event for that.

But is is coming, sooner or later.   And it will be remarkable.

I haven't had a vacation in a very long time.   As you know I have been posting pretty much every day since 2008, through thick and thin.

So I am going to take a little time off now.   Unless some other forecast event in the markets comes to pass, I will probably see you again around Thanksgiving if God wills it.   

I have an abiding concern that some truly unfortunate geopolitical event is going to take the markets down, and perhaps some people and significant organizations, even nations, down with them. 

There have been a lot of very ugly things that we've seen over the past 70 years or so.  The Vietnam war and the political assassinations and lies that paved the way for it were awful to live through.  The Cold War was a little frightening for a child.  The Civil Rights struggle was both thrilling and discouraging in its hope and brutality.

But the shameless rise of lawlessness and cruelty among our leaders, with their complicity in the horrific war crimes of proxy wars and the sadistic genocide in Gaza, has just about broken my heart. 

So let's remember to pray, and heed the storm warnings as they develop, and be mindful of the wickedness of those who lie and deceive people in order to ensnare their souls.  

And they are certainly out there and on the prowl, even now.  

'What can get us through such snares?'   And then I heard a voice saying to me — 'humility.'

See you then.

Have a pleasant evening. 

 

"Fear not, little flock, for your Father delights to welcome you into His Kingdom." Luke 12:32

Stocks and Precious Metals Charts - Their Minds and Consciences Are Tainted

 

“'The woman was arrayed in purple and scarlet, adorned with riches, holding in her hand a golden cup full of idolatry and the impurities of her lawlessness; and on her forehead was written a name of mystery: 'Babylon the great, mother of harlots and of earth’s abominations.'"

Revelation 17:4-6

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

Jeremiah 9:3

"For the mystery of lawlessness is already at work.  But the one who now restrains it will continue to do so until he is taken away.  And then the lawless one will be revealed, whom the Lord will slay by the breath of his mouth and bring to an end with the splendor of his coming.

The coming lawlessness will be the work of Satan made manifest in all power and false signs and wonders, and in every wicked deception for those who are perishing because they refused to accept the love of the truth to be saved.

For this reason, God permits them a powerful delusion to believe their lies, that all may be condemned who deny the truth and instead take pleasure in lawlessness."

2 Thessalonians 2:7-12

"Rebuke them clearly, so that they may be restored in the faith, instead of following traditions and laws of people who have repudiated the truth.  Both their minds and their consciences are tainted.  They claim to know God, but by their acts they deny him, being vile and disobedient, and worthless for any good cause."

Titus 1:13-16

"All the world marveled at this, and gave their allegiance to the Beast.  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 exclaimed. 'And who is able to resist him?'  And the Beast was allowed to commit great blasphemies against God."

Revelation 13:3-5


And here it is, ladies and gentlemen— our big, beautiful bubble. 

How appropriate that we look to worldly corruption for confirmation of 'our greatness'.

Is this the great falling away?   Probably not.

But this is a time of war criminals and oath-breakers, when lies become the common currency, not just for greed and hate, but for their own sake.  

This is a time when empathy and reason are despised as weakness, and replaced with mutual hate and violence.

This too will pass, but is not going to end well.

Those who are falling away to serve the idols of the world have never listened, even to one who has risen from the dead.  Why would they listen now?

Do not fall away with them.

There may or may not be Non-Farm Payrolls number released tomorrow.   If they do appear, they will be of dubious authenticity since their manager was recently replaced by a compliant supplicant.

This is the problem at core with US markets.  The risk is that they are tainted with deception.   

And this is why the world is choosing to anchor the safety of their assets in gold and silver. 

Have a pleasant evening. 

Stocks and Precious Metals Charts - Consumed in Their Bitterness and Anger

 

"Stop your lying, and speak the truth to your neighbor, for we belong to one another.  Do not let your anger drag you into sin.  Do not let the sun set on your anger, and give the devil an invitation into your heart."

Ephesians 4:25-28

"Strive for peace with all, and for the holiness without which no one will see the Lord,  Take care that no one falters from the grace of God, and that no bitterness takes root and flourishes in troubles, for by this many will become corrupted."

Hebrews 12:14-15

"Few things are more destructive to Christians than anger.  Anger causes us to lose our self-control and to say and do things we would otherwise never consider.  Anger, if allowed to remain, turns into bitterness that eats away at our hearts.  Anger does not bring about God’s redemptive work; far more often it hinders what God is working to accomplish.

Is your anger turning into bitterness?  Is your anger causing you to speak in an unchristian manner to someone or to gossip about them?  Is your anger causing you to make excuses for your own ungodly behavior?  Is your anger preventing you from acting in a loving, redemptive, and Christlike way?  You must examine any anger within you and allow God to remove any sinful attitudes that your anger may have produced."

Henry Blackaby, Christian Anger

"Those wishing abundant wealth are falling into temptation and a trap, and into many foolish and harmful passions which plunge them into ruin and destruction.  For the love of money is the root of all evil, and people in their desire for it have strayed from the faith and have pierced themselves with many pains.  But you people of God, avoid this.  Instead, pursue righteousness, devotion, faith, love, patience, and gentleness."

1 Timothy 6:9-11

"But the scholar of the law, wanting to justify himself, asked Jesus, 'And who is my neighbor?'”

Luke 10:29

"As it was in the days of Noah, so shall it be with the coming of the Son of man. In the days before the flood, they were eating and drinking, marrying and being given in marriage, even to that very day in which Noah entered into the ark. They did not know what was happening, even as the flood came and swept them all away."

Matthew 24:37-39


If the armor of God is love crystallized from faith, then the armor of the devil is bitterness and hate, hardened from pride and anger. 

This has been an interesting time, a time of revelations and the falling away of masks.

Serve whom you will serve, and now you must surely be unable to hide behind a false ignorance.

Take your deal with the devil if you will, and let your will be done to you.

I no longer know you. 

Stocks flopped again on the open, but were steadily driven higher into the close.

VIX did a similar about face, coming in high and going out low.

It's just a working hypothesis as there is only circumstantial proof, but I am playing this with the thought that Donnie has unleashed Bessent and his facilities at the ESF to paint a pretty picture with the markets.

The White House that since the government has been 'shut down' we won't be seeing certain government collected data.

Here is all data being suspended:
- Jobless claims
- Nonfarm payrolls
- Consumer Price Index & Producer Price Index
- Retail sales, factory orders, housing starts, trade data
- Employment Trends Index

We may see quite a bit more of this, and it will work for a while.  

But it is not sustainable.

Gold came in hard with a rally to a new high, but was pushed back to unchanged at the close.

Silver is still hanging in there at some impressive highs.

The recent speeches to the gathering of America's top military officers was painful to watch.

And the President declared that certain American cities can be used as 'training grounds for the military' to crush the enemies within. 

The masks are falling away, and what has been hidden is being revealed.

Faustus, who embraced evil and shunned righteousness, became the foremost symbol of the misuse of free will, that sublime gift from God with its inherent opportunity to choose virtue and reject iniquity. Faustus had advanced beyond the level of a scarlet sinner — he was a conscious follower of the Prince of Darkness.

The fact he could publicly project an Antichrist image with pride, having no fear of reprisal, and his seeming diabolical art of escaping all punishment when others who were considered heretics had burned at the stake for less, would certainly signal that an unnatural individual walked in their midst. It is true in many respects he assumed the role of the charlatan, yet how apropos, considering his willingness to follow the Father of Lies and deception.

E.A. Bucchianeri, Faust: My Soul Be Damned for the World

You may look away, but you can never again say you did not know. 

When the reckoning comes, it is going to be exceptionally dramatic, and memorable. 

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - The Hammer of the World

 

"The Pharisee took up his position and spoke this prayer to himself: ‘O God, I thank you that I am not like the rest of humanity— greedy, dishonest, adulterous— or even like this tax collector over there."

Luke 18:11

“People with advantages are loathe to believe that they just happen to be people with advantages.  They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”

C. Wright Mills, The Power Elite, 1956

"What will you do on the day of reckoning, and in the time of desolation which follows?  To whom will you flee for relief?  Where will you safeguard your riches?"

Isaiah 10:3

"God had brought me to my knees and made me acknowledge my own nothingness, and out of that knowledge I had been reborn.  I was no longer the centre of my life and therefore I could see God in everything."

Bede Griffiths, The Golden String, 1954

"For this time it will be God without disguise; something so overwhelming that it will strike either irresistible love or irresistible horror into every creature.  It will be too late then to choose your side.  That will not be the time for choosing: it will be the time when we discover which side we really have chosen, whether we realised it before or not."

C. S. Lewis, Mere Christianity, 1944

"God has a way of standing before the nations with judgement, and it seems that I can hear God saying to America 'You are too arrogant! If you don't change your ways, I will rise up and break the backbone of your power! And I will place it in the hands of a nation that doesn't even know my name. Be still, and know that I am God.'"

Martin Luther King, Why I Am Opposed to the War in Vietnam, Riverside Church, 30 April 1967

"See how the hammer of the world has been broken and shattered, how Babylon has become an object of horror, a desolation among the nations."

Jeremiah 50:23

Today was a wash and rinse day.

The Dollar moved higher, gold and silver moved lower.

Tomorrow is a futures contract option expiration for the precious metals on the Comex.

VIX fell.

Stocks fell, extending the recent retreat from their new highs.

Risk remains highly elevated, and significantly under-appreciated.

Change is coming.

Have a pleasant evening.