Stocks and Precious Metals Charts - Autumn - FOMC and Comex Option Expiration Next Week

There was a 'flash crash' in the precious metals futures this morning in honor of the quad witch option expiration.

This is the Dr. Evil strategy, as so named by the US traders who got nailed pulling this baloney in the European bond market some years ago.

It is a massive dumping of contracts into a dull market for the purpose of gaming the price to achieve some objective.

There is a rollback of financial reform and purposefully lax enforcement under the Republicans, who are servants to the moneyed interests. The corporate Democrats do not really care about financial reform either, except to pay it lip service. Like so many other donor-sensitive topics in our corrupt political system it interferes with their pandering to the big money interests which they favor.

One of the spokesmodels called this a 'risk on' day. While the VIX declined a bit, stocks really not robust at all. It was a quad witch day in which fundamentals apply even less than normal.

Next week there will be an FOMC meeting, with 100% probability of a rate increase, and also an option expiration on the Comex, mostly involving gold. I have included the calendars below.

My mail order of Hula Daddy Kona coffee showed up today, just in time for the weekend.  My son is into coffees.  It's a treat for him.

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 - This Low, Dishonest Age - The Unholy Monopolies of Corporatism

"Although journalism was always a loose extension of establishment power, something has changed in recent years.  Dissent tolerated when I joined a national newspaper in Britain in the 1960s has regressed to a metaphoric underground as liberal capitalism moves towards a form of corporate dictatorship. This is a seismic shift, with journalists policing the new groupthink, dispensing its myths and distractions, pursuing its enemies.

The source of  'fake news' is not only trollism, or the likes of Fox News, or Donald Trump, but a journalism self-anointed with a false respectability: a liberal journalism that claims to challenge corrupt state power but, in reality, courts and protects it, and colludes with it.

Complex stories are reported to a cult-like formula of bias, hearsay and omission. So much of the mainstream has descended to this level. Subjectivism is all; slogans and outrage are proof enough. What matters is the 'perception.'"

John Pilger, Hold the Front Page: The Reporters are Missing


"I am weak and small, but I want to do what is right."

Hans Scholl


“Stand up for what you believe, even if you are standing alone.”

Sophie Scholl

With the Philly Fed coming in much stronger than expected this morning, and lows in the unemployment numbers, stocks powered higher led by the unholy monopolies of corporatism: tech, healthcare, and finance.

Gold and silver moved higher, to the top of the recent trading range, on a lower US Dollar that broke below 94.

Tomorrow is likely to be a bit volatile because of the quad witch expiration in stock options.

There will be a Comex option expiration for the precious metals next week.

And an FOMC meeting. The market is pricing a 100% probability of a rate hike.

Dolly and I did some shopping this morning at our favorite eastern European deli.  It is much cooler now, the heat of summer seems to have broken.  The harvests are being gathered from the fields all around here.  It will not be too long before it's frost and pumpkins.

On the way home we spent a little time with the queen, to tidy things up, and change her flowers from Summer roses to something more autumnal.

"And now, bless the God of all,
who has done wondrous things here on earth;
Who fosters people’s growth from their mother’s womb,
and would fashion them according to his will.
May he grant you joy of heart,
and may peace abide among you."

Sirach 50:22-24

Have a pleasant evening.

Tales From the Dark Side: Ray McGovern

Here is a discussion that covers a variety of topics.

I find it to be fascinating.   It goes well with a drink in the evening when nothing is on the boob tube.

McGovern is a good conversationalist.  He is the kind of guy you might like to have a cup of coffee or a beer with, and just talk—  even if he was not a very knowledgeable former insider.   He and his partner at VIPS, Bill Binney, tend to piss a lot of people off, because they are willing to give voice to unpopular opinions, to it like it is, and back it up with reasoning and facts..   It is a dangerous habit in a time of general deceit.   After all, we kill the prophets, and stone those messengers sent to warn us.

Raymond McGovern (born August 25, 1939) is a former CIA officer turned political activist.  McGovern was a CIA analyst from 1963 to 1990, and in the 1980s chaired National Intelligence Estimates and prepared the President's Daily Brief. He received the Intelligence Commendation Medal at his retirement, returning it in 2006 to protest the CIA's involvement in torture.  McGovern's post-retirement work includes commenting on intelligence issues and in 2003 co-founding Veteran Intelligence Professionals for Sanity (VIPS).