Stocks and Precious Metals Charts - Technical Reactions - Introspective Market

"Nothing is more steady than the journey into the abyss."

Juli Zeh, Spieltrieb


"All empires fall, eventually.  But why?  It’s not for lack of power. In fact, it seems to be the opposite.  Their power lulls them into comfort.  They become undisciplined.  Those who had to earn power are replaced by those who have known nothing else.  Who have no comprehension of the need to rise above base desires."

Max Barry, Lexicon


"The German people slumber on in their dull, stupid sleep and encourage these fascist criminals; they give them the opportunity to carry on their depredations; and of course they do so.  Is this a sign that the Germans are brutalized in their simplest human feelings, that no chord within them cries out at the sight of such deeds, that they have sunk into a fatal lack of conscience from which they will never, ever awake?"

The White Rose, Second Leaflet

Stocks soared yesterday, and today they were able to strike a new high note, and then fell back for a loss in the afternoon.

Surprisingly enough the NDX closed that old gap in the blow off bubble top of a few months ago.

Well done Fed.

Gold and silver, which were smacked down yesterday, gained it back today.

The Dollar lost some more ground.

The vaccine from Moderna, which was so highly touted for the rally yesterday, seems less substantial today.

And the selling by insiders of their stock certainly raises an eyebrow or two.

People are foolish. They think that they are winning. But they no longer understand the nature and the wagers of the game that they are playing.

Stick a fork in Donny— he's done.

Weighed, and found wanting.

Have a pleasant evening.

Stocks and Precious Metals Charts - Risk On! - For Now, As Optimism Balloons

“Faith is rare because fear is rampant.  For faith will demand that I step into places that fear itself fears to go.”

Craig D. Lounsbrough


“When political leaders set a negative example, professional commitments to just practice become more important. It is hard to subvert a rule-of-law state without lawyers, or to hold show trials without judges. Authoritarians need obedient civil servants, and concentration camp directors seek businessmen interested in cheap labor.”

Timothy Snyder


"If economies collapse and lawlessness rules and resources are scarce, many people who claim with their mouths that they follow Jesus will abandon him with their lives.”

Brandon Andress, And Then the End Will Come


“We're going to meet a lot of lonely people in the next week and the next month and the next year. And when they ask us what we're doing, you can say, We're remembering. That's where we'll win out in the long run."

Ray Bradbury, Fahrenheit 451

It was risk on all the way, today.

Moderna put out a news item that waxed optimistic about a coronavirus vaccine. While we can hope, the markets seem to be far exceeding the near term promise of an effective vaccine and its effect on the economy.

At least the Trump coronavirus vaccine czar should be happy, given his equity position with Moderna.  Ca-ching!

So stocks soared, and the dollar fell.

Gold and silver reached for a high note early on, and then were sold off hard for losses.

I suggest that we wait to see how the week progresses.  That looked like just another gut punch ahead of the almost inevitable breakout.

Lawlessness and hysteria are both in the air.

People are trying to fill the emptiness of their lives with sensations, and sensationalism.

I will remind all of us to think first, and keep our priorities in order, with first things first, as always.

It is always tempting to toss reason aside and jump into the fray.

Much easier than thinking and sorting things out.

Do what you will, but be aware of the consequences to yourself.

There is no saving someone who is determined to serve the madness.   And the madness serves none but itself.

Remember who it is that you are, and whom it is that you serve.

Have a pleasant evening.

Stocks and Precious Metals Charts - Hi Yo Silver, Away! - Silver Takes the 17 Handle

“Everyone thinks of changing the world, but no one thinks of changing himself.”

Leo Tolstoy


"If you pray and love, that is where happiness lies."

John Vianney

Silver put on its high beta afterburners this week, and took out and held the 17 handle. Wow.

Gold is making an attempt to break out as well. It needs to take out 1770, and then it too may run with an eye towards the all time highs.

Stocks managed to take back their losses in the quiet afternoon trading, recovering from the shockingly bad retail sales numbers this morning.

It was in the low 80s here today with a decent breeze, the perfect time to do that much-needed touch up painting on the house.

The tree pollen is just brutal out there. It is powdering the cars with green.

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

And that is what really matters.

Have a pleasant evening.