Stocks and Precious Metals Charts - Spiegel im Spiegel

“Not everyone who calls out to me, ‘Lord! Lord!’ will enter the Kingdom of Heaven. Only those who actually do the will of my Father in heaven will enter.  On judgment day many will say to me, ‘Lord! Lord! We prophesied in your name and cast out demons in your name and performed many miracles in your name.’  But I will reply, ‘I never knew you.  Be gone from me, you who flout His laws.’"

Mark 7:21-23

Stocks were wobbly today, taking some time to digest their recent gains, which have been substantial.

I do not think that we have made our blow top yet, but I have an open mind given our lofty valuations.

Gold and silver continued to show some strength, as the Dollar largely moved sideways.

It will be interesting to see how our the status quo of our financial system will maintain itself in the collapse of this next asset bubble fomented by soft corruption and the abuse of the monetary power.


Have a pleasant evening.

Stocks and Precious Metals Charts - Earnings in the Wings

Stocks were in a slow 'melt-up' for most of the day after a lower opening and morning.

The Dow Industrials were a bit of an outlier closing lower, thanks to Boeing and GE.

Gold and silver finished up thanks to a weakened Dollar.

Wall Street will be looking at the economic data for inflation this week.

Earnings season starts on Friday with JPM and Wells Fargo.

We will see if the earnings back up the market euphoria that we have seen since the Fed did their turnabout on rates.

Have a pleasant evening.

Stocks and Precious Metals Charts - Pushing Towards a New High

"Lying, deceiving, and manipulation are natural talents for psychopaths. When caught in a lie or challenged with the truth, they are seldom perplexed or embarrassed— they simply change their stories or attempt to rework the facts so that they appear to be consistent with the lie. The results are a series of contradictory statements and a thoroughly confused listener.

Psychopaths have a grandiose self-structure which demands a scornful and detached devaluation of others, in order to ward off their envy toward the good perceived in other people.

Robert D. Hare, Without Conscience

Stocks closed within 'spitting distance' of a new high today.

At least that is what the spokesmodels said.

Let's see if they can make it, and stick a close for a new high.

And how long after that it takes to set up and initiate a fourth 'blow off top.'

Gold and silver were mostly unchanged today along with the Dollar.

The metals made it through another Non-Farm Payrolls report reasonably well.

I will not be surprised at all to see the gold bulls take a sharp gut check at least once next week.

But gold has been holding with remarkable tenactiy to a trend line, on the closes at least.

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

Have a pleasant weekend.