05 March 2017

Big Money and the Organizational Suicide of the Democratic Party



The Democratic Party is a good example of an ongoing organizational suicide.

They are internally focused, preoccupied with form but tone deaf and tactically inept, and so given over to cynicism that they can no longer communicate effectively with anyone outside of their own declining circles and enclaves.

They cannot change enough to grow and prosper without shedding the policies which have led them to a sweeping loss of public offices.

But such change would threaten the current leadership in the seats of power to which they jealously hold tight, not for the sake of long standing principles or the benefit of their constituent bases, but out of unabashed cynical self-interest and a commitment to personal enrichment

When the public once again clearly and loudly showed their desire for change, the Democratic leadership did their best to stifle and thwart it, and reaffirm their allegiance to the status quo and business as usual.

And even now they seem committed to a strategy of pivoting towards corporate wealth and high earning professionals, while offering an endless stream of hysteria and fear, wrapped with a bow of identity politics and phony sympathy.  

Their brand is to be 'the lesser of two evils.'

After an electoral disaster they may have learned something, but they are willing to do nothing about it, remaining firmly in denial.   Why?  Because they hope that they can win by making the other guy fail more miserably than themselves without having to change their ways.

They are caught in a credibility trap.

Caution on strong language.

Related: Democrats can’t win until they recognize how bad Obama’s financial policies were







03 March 2017

Stocks and Precious Metals Charts - Ship of Fools


"If I speak in the tongues of men or of angels, but do not have love, I am only a resounding gong or a clanging cymbal. If I have the gift of prophecy and can fathom all mysteries and all knowledge, and if I have a faith that can move mountains, but do not have love, I am nothing. If I give all I possess to the poor and give over my body to hardship that I may boast, but do not have love, I gain nothing.

Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, always perseveres."

1 Cor 13:1-7

Stocks finished off mixed, but Wall Street can say 'mission accomplished' because the SNAP IPO was taken to market in such a way to whet the appetites of the many.

Gold and silver were hit in a rather clumsy and obvious manner this week, but seem to have recovered reasonably well.

On the Comex at least, March is a much more active contract for silver than for gold.

We will be having another Non-Farm Payrolls next week, and a likelihood according to the number of a rate increase at the March FOMC meeting.

Please remember God's creatures, and the poor among us.  For their life is hard, and we are called to show them mercy.   And to not judge others harshly in our foolish pride, but as we would wish it for ourselves, if we were but wise, and not given over to the sin that makes us blind.

Have a pleasant weekend.






02 March 2017

Stocks and Precious Metals Charts - Snappity Doo Dah


SNAP came out last night at $17, and hit $24 in open trading today.

This will tickle the fancy of investors, and whet their appetite for overpriced new era stock bets. Like Uber for example.

I had a call from a friend last night, asking for recommendations to put money into the markets. Not in any particular area or segment. Just a place to put some savings to make a lot of money.

Fait accompli.

Gold and silver took a hit today on US dollar strength. The driver for the US Dollar is the general consensus, now around 90%, that the Fed with raise in their March meeting.

Silver in particular was smashed lower in a calculated bear raid in today's futures trading.

The Comex silver deliveries are more active in March than they are for gold. I have included that data below.

Have a pleasant evening.