Stocks and Precious Metals Charts - Easy the Descent Into Darkness

 

"Easy is the descent into darkness.
      The door to hell stands open, day and night.
But to retrace one's steps, to return once more
      to the pure clean air, and cheerfulness and life:
That is the task, that is our true labour."

Vergil, Aeneid

"To whom can I give warning?
      Who will listen when I speak?
Their ears are closed,
      and they cannot hear.
They scorn the word of the Lord.
      They don’t want to listen at all.

From the least to the greatest,
      their lives are ruled by greed.
From prophets to priests,
      they are all frauds.
They offer superficial treatments
      for my people’s mortal wound.
They give assurances of peace
      when there is no peace.
Are they ashamed of their disgusting actions?
      Not at all—they don’t even know how to blush.
Therefore, they will lie among the slaughtered.
      They will be brought down when I punish them, says the Lord."

Jeremiah 6:10-11,13-16

"And I saw a white horse, its rider having a bow, and there was given to him a crown, and he went forth overcoming not in righteousness, but that he may conquer."

Revelation 6:2

 

Stocks traded weakly ahead of the Non-Farm Payrolls tomorrow, and a weekend of escalating conflicts.

Gold and silver were hit early and hard with selling, but managed to climb back and regain their levels.

VIX is just swinging in the wind.

This might be an interesting weekend.

The servants of Moloch stalk the land, spreading darkness and lawlessness.

I almost cannot believe the things that I am seeing.

So many have closed their ears and eyes, and remain blithely trusting, seduced by the voices of madness, unprepared.

Have a pleasant evening.

Stocks and Precious Metals Charts - Reap the Whirlwind

 

“Pity the nation that raises not its voice, except to praise conquerors and acclaim the bully as hero and aims to rule the world with force and by torture."

Lawrence Ferlinghetti, New Poems, City Lights

"Financial Predators, on the other hand, are usually narcissistic and audacious criminals. They regularly have an extreme sense of entitlement coupled with high self-efficacy. Many of them have a charismatic quality and are preternaturally persuasive. Financial Predators are commonly shameless and quite adept serial liars. They perceive themselves having near unlimited guile and resourcefulness to extricate themselves out of any compromising situations."

Russ Alan Prince, Unmasking Financial Predators, Forbes 2017

"At the root of America's economic crisis lies a moral crisis: the decline of civic virtue among America's political and economic elite. A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world."

Jeffrey Sachs, The Price of Civilization, 2011

"For they have sown the wind, and they shall reap the whirlwind."

Hosea 8:7

 

Stocks were slumping today, but managed to gather themselves and push higher into the close.

In this grand game of force and fraud, perception management is everything.

Gold and silver are holding their own, even as the Dollar moved higher.

Non-Farm Payroll report coming at the end of this week.

The dogs of war are unleashed and playing havoc in the Mideast and eastern Europe.

History will not absolve us.

Have a pleasant evening.

Stocks and Precious Metals Charts - Time Is the Father of Truth

 

"Complex systems that have artificially suppressed volatility tend to become extremely fragile, while at the same time exhibiting no visible risks. In fact, they tend to be too calm and exhibit minimal variability as silent risks accumulate beneath the surface. Although the stated intention of political leaders and economic policymakers is to stabilize the system by inhibiting fluctuations, the result tends to be the opposite. These artificially constrained systems become prone to 'Black Swans' — that is, they become extremely vulnerable to large-scale events that lie far from the statistical norm and were largely unpredictable to a given set of observers.

Such environments eventually experience massive blowups, catching everyone off-guard and undoing years of stability or, in some cases, ending up far worse than they were in their initial volatile state. Indeed, the longer it takes for the blowup to occur, the worse the resulting harm in both economic and political systems."

Nassim Taleb, The Black Swan of Cairo, Foreign Affairs, May 2011

"Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise."

Alan Greenspan, Congressional Testimony on Regulation of OTC Derivatives, 24 July 1998

"We hypothesize that, having learned from the misadventures of the 1960s, the policy elites, well-versed in the practice of financial engineering and market manipulation, would have seen no need to dump stocks of government gold reserves onto the market, 1960s style, to keep the price in check.  Instead, synthetic gold, sourced in pyramids of credit extended to bullion bankers by central banks with little or no claim on physical substance, have provided a more efficient, better-camouflaged form of intervention. COMEX synthetic gold and related over-the-counter derivatives are traded in macro strategies implemented by hedge funds, high-frequency trades, and commodity funds in pair trades with interest-rate, currencies, equity futures, or even more exotic offsets. The volumes traded are huge, and bear little resemblance to actual flows of physical metal."

Tocqueville Gold Newsletter 2Q 2015

"Le temps mûrit toute choses; par le temps toutes choses viennent en évidence; le temps est père de la vérité."
Time ripens all things; with time all things come to be evident; time is the father of the truth.

François Rabelais


The long awaited invasion of Lebanon by the Israeli army shook the markets back into reality.

What a surprise.

The usual safe harbors saw activity as gold, silver, and the Dollar all rallied.

Risk assets like stocks slumped.

This is just an opening round in what appears to be a serious confrontation, stoked by ideological sociopaths and neo-cons.

Free speech comes under renewed assault, as the fog of war descends, and the false narratives of power are repeated shamelessly.

"Secrecy is completely inadequate for democracy, but totally appropriate for tyranny."

Malcolm Fraser, former PM of Australia

Have a pleasant evening.

Stocks and Precious Metals Charts - Reckless Arrogance, Shameless Greed

 

“Pride is the beginning of sin. It was pride that changed angels into devils; and it is humility that makes men angels. There never has been, and never can be, and there never shall be any sin without pride.

Augustine of Hippo, The City of God

"We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men.   It is not merely that at present the rule of naked force obtains almost everywhere.  Bully-worship, under various disguises, has become a universal religion."

George Orwell, Review of Bertrand Russell's Power, 1939

“Oh where is the noble face of modesty, or the strength of virtue, now that blasphemy is in power and men have put justice behind them, and there is no law but lawlessness, and none act with fear of the gods?”

Euripides, Iphigenia in Aulis

"No warning will suffice to powerful fools who, driven mad by hubris and lust for power, weave the hangman's ropes of their own destruction.  They preach the necessity of hardness, and practice the circumvention of the law for themselves and their associates in injustice.   But when the reckoning comes for them, as it eventually does, they always seem astonished, but unfortunately never to the point of speechlessness.  They will harangue fortune, and all those imaginary enemies who conspired to their downfall, to the bitter end.  The Western elite are in a denial, and a bubble of delusion, so profound that I am concerned that when reality intrudes their reaction will be mishandled, provocative, and likely to hasten a generational change that is already occurring and being fiercely resisted, slowly."

Jesse, Complicity of the Advantaged in the Nakedness of Kings, 19 February 2015

"Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: the struggle against the demon, against the servants of the Antichrist.  Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate."

The White Rose, Fourth Leaflet, Munich, 1942


Stocks were ranging broadly today, with noticeable losses in the early afternoon. 

But they found a 'footing'  and managed to rally back to post some gains by the close.

Look for more instances of this to occur, until at least the November election.

For we are in a time of managed perceptions, and the willful prophesying of illusions.

Gold and silver were sold lower, in anticipation of the Non-Farm Payrolls report on Friday.

Markets in China will be closed for the rest of this week for their 'Golden Week' holiday.

VIX continues to price in fantasy. 

If the lawless will strangle the truth, and murder innocents, rigging markets requires no exceptional effort.

Have a pleasant evening.

Stocks and Precious Metals Charts - Servants of the Unspeakable

 

"The wealth of another region excites their greed; and if it is weak, their lust for power as well.  Nothing from the rising to the setting of the sun is enough for them.   Among all others only they are compelled to attack the poor as well as the rich.  Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

Tacitus, Agricola, circa 98 AD

"For if you for sure change your ways and act justly, if you are fair as you judge between a man and his neighbor, if you do not oppress the stranger from another land, or the child whose parents have died, or the woman whose husband has died, and do not kill those who are not guilty in this place, and stop servnig other gods, for that will destroy you, then I will let you live in this place, in the land of your fathers."

Jeremiah 7:5-7

“Addiction might be the best word to explain the lostness that so deeply permeates society. Our addiction make us cling to what the world proclaims as the keys to self-fulfillment: accumulation of wealth and power; attainment of status and admiration; lavish consumption of food and drink, and sexual gratification without distinguishing between lust and love. These addictions create expectations that cannot but fail to satisfy our deepest needs.

As long as we live within the world's delusions, our addictions condemn us to futile quests leaving us to face an endless series of disillusionments while our sense of self remains unfulfilled. In these days of increasing addictions, we have wandered far away from our Father's home. The addicted life can aptly be designated a life lived in 'a distant country.' It is from there that our cry for deliverance rises up.”

Henri J.M. Nouwen, The Return of the Prodigal Son, 1991

"We have learned nothing, and are emboldened by our willful ignorance.  We make beasts of ourselves, to avoid the pain of our lack of humanity.  We make a private cult out of our own childlike selfishness, sinning shamelessly against the word and the spirit.  We lay down with swine, and call it greatness."

Jesse, 8 October 2021


Stocks were wobbling again today after yesterday's wash and rinse.

Gold and silver fell back, a correction after some extraordinary gains from the breakout.

The Dollar chopped sideways.

VIX ticked higher.

And so we see the end of another week.

They are serving the beast with with a slaughter of innocents, shrouding it in a complicity of lies.

They have shamed and dishonored their oaths.

They think that there will be no consequences, for who can stand against the power of the beast. 

Certainly not even their own people, who remain oppressed by fraud and by force.

And so these exceptional ones slide further, peacefully into the abyss.

The madness serves none but itself.

Have a pleasant weekend.

Stocks and Precious Metals Charts - The Narrow Way Through the Darkness

 

"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; we laugh.  But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles.”

Hilaire Belloc, This and That and the Other, 1912

"Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system."

The White Rose, Second Leaflet, Munich 1942

"Gloom is no Christian temper; that repentance is not real, which has not love in it; that self-chastisement is not acceptable, which is not sweetened by faith and cheerfulness.  We must live in sunshine, even when we sorrow; we must live in God's presence, we must not shut ourselves up in our own hearts, even when we are reckoning up our past sins.  As many as are our sins, His grace is greater.

Great mercy indeed, which we forget because we are used to it; which many prophets and righteous men in the first ages of the Gospel had not, yet which we have had from our youth up.  We from our youth up have lived in peace; with no persecution, no terror, no hindrance in serving God.  The utmost we have had to endure, is what is almost too trifling for a Christian to mention — cold looks, or contempt, or ridicule, from those who have not the heart themselves to attempt the narrow way.

Our sins are more in number than the hairs of our head; yet even the hairs of our head are all numbered by Him.   He counts our sins, and, as He counts, so can He forgive; for that reckoning, great though it be, comes to an end; but His mercies fail not, and His Son's merits are infinite."

John Henry Newman, Present Blessings, 1839

 

US equities did a major 'pop and flop' today, as a wash and rinse is more colloquially known.

I have not looked into what event or which component of the DXY index caused the Dollar to take a precipitous swan dive this afternoon. 

But its always something.

Big Trouble in Little Bank Land if it starts a fresh slide below 100.

Gold and silver managed to spike some new highs today, as gold futures breached $2700 and silver briefly tagged the $33 mark.

Non-Farm Payrolls next week.

Wars are simmering around the globe with most of them marked with the fingerprints of Blinken and his Merry Pranksters.

Have a pleasant evening.