Stocks and Precious Metals Charts - Symphony For The Righteous Destruction Of Humanity - Privatizing Afghan War

"What does Dr Copper want to tell us?  The metal with the PhD in economics is now in a bear market, down 21% from recent high in June.  Dr. Copper is signaling us that global contraction is now in motion."

Dr. Harald Malmgren


“'Whoever is naive, let them come here,'
says Wisdom, to those who lack understanding.
'Come and eat my food,
and drink the wine I have prepared.
Forsake your foolish ways, so that you may live,
and progress in the ways of understanding.'”

Proverbs 9:4-6, The Consequences of Accepting Wisdom or Folly

Gold and silver both bounced higher today as the dollar trended lower.

Gold has been trading in the currency crosses, as a currency.

And those who trade in those markets know that they are notorious for overshooting on moves.

The reasons for this have to do with the heavy leveraged used, and the few major players that tend to dominate, and who love to throw their weight around at the expense of the smaller speculators.

It is hard to realize that gold is up almost $25 from the overnight low of $1159 it put in the other day. And silver is up about $.80.

Stocks managed to move a little higher in a relatively quiet stock option expiration.

Trumpolini is considering a plan to 'privatize' the war in Afghanistan, replacing the US military with a private mercenary army under the command of Blackwater's Erik Prince, reporting directly to Il Donny himself.

Perhaps a sticking point with be a golden Trump logo on each mercenary's helmet.   Branding.

And then there is this, from Albert Edwards at Société Générale:

"Make no mistake, whatever the macro-idiosyncrasies of Turkey, the key to the current turmoil that is spreading into EM generally, is Fed tightening and the strong dollar. As we have repeated ad infinitum, since 1950 there have been 13 Fed tightening cycles, 10 of them ended in recession and the others usually saw the EM blow up – such as the 1994 collapse in the Mexican peso. The Fed always tightens until something breaks."

We're not in Kansas anymore, Toto.

Need little, want less, love more. for those who abide in love abide in God, and God in them.

Have a pleasant weekend.

Stocks and Precious Metal Charts - Slow Down - Lessons Unlearned

“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”

Søren Kierkegaard


"Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price.   Narcissists tend to be divisive, vindictive, confrontational, aggressive, hate-filled, raging, incoherent, judgment-impaired, and irrational. 

Narcissists are junkies: they are addicted to attention and will go to any extreme to secure it.   Narcissists are liars, confabulators, and miserable failures, although some of them are geniuses at disguising the fact that they are, in fact, losers."

Sam Vaknin

Stocks rallied as Walmart posted 'better than expected' results.

Nordstrom also beat after the bell, further juicing enthusiasm for retail trade.

Gold and silver were bouncing quite a bit from the overnight lows, but ended up with a little more modest gain over the close from yesterday.

The precious metals are utterly oversold. They are setting up for a bottom and a major rally. Timing of these markets is for pros who don't need any help from me, other than prayers.

If you have not seen it, they are industrializing insider trading in Washington.

We are truly in times of increased wickedness, when lying and breaking of oaths becomes a commonplace, almost fashionable.

Like dishonesty and abuse of customers became all the rage on Wall Street not all that long ago, and has come back faster than the economic recovery.

Slow down, and take stock of your life. Most are hurrying towards some ever-retreating future, and become utterly caught up in the fads and enthusiasms of the day.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant evening.

Stocks and Precious Metals Charts - Je Vois Tout - Appearance Designed to Mask Reality

"Caution in handling 'generally accepted opinions' that claim to explain whole trends of history is especially important for the historian of modern times, because the last century has produced an abundance of ideologies that pretend to be keys to history, but are actually nothing but desperate efforts to escape responsibility.”

Hannah Arendt, The Origins of Totalitarianism


"Flattening of the yield curve is happening so slowly no one noticing the 2s-10s gap is now 24 bps. Meanwhile yields on 30s are back to 3.02% & falling. Trump and media are talking pickup in US growth, but global institutional investors not buying it, and see trouble in the rest of world."

Dr. Harald Malmgren

A brief respite, to unload the recent acquisitions from the car, has allowed me to at least post updated charts (and more fulsome commentary later in the evening).

As you can see, the metals were hammered a bit today, out of proportion to strength in the US dollar at least, which finished mostly unchanged.

That tells us something about the price action, right here, today and tonight.

As you may know, I think that there is more to this than meets the eye.

The problem is that the denouement is very difficult to forecast in time, so trading ahead of it, in anticipation of it, is only for the nimble.

For mere mortals, it is a more reliable strategy to get right and sit tight.

Stocks were weak, led lower by tech which is debubbling just a bit with regard to the real world results.

Never have so many lied so much for so few.

Have a pleasant evening.