Stocks and Precious Metals Charts - Perverse Individualism

 

“Unbridled capitalism will lead to some very real problems.” 

Kenneth Rogoff

 

"Libertarianism helps conservatives pass off a patently pro-business political agenda as a noble bid for human freedom.   Practically speaking, it is a doctrine that owes its visibility to the obvious charms it holds for the wealthy and the powerful."

Thomas Frank

 

“All utopias are dystopias.  The term dystopia was coined by those that believe a utopia can be functional.” 

A.E. Samaan 

 

"I know nothing that I may say can influence you.  You have no souls to be influenced.  You are spineless, flaccid things.  You are lick-spittles and panderers, the creatures of the Plutocracy.  You talk verbosely in antiquated terminology of your love of liberty, and all the while you wear the scarlet livery of the Iron Heel.” 

Jack London

 

Life expectantly in the US fell by the most since WW II.

Yay us.

Stocks took a dive this morning but managed to gain quite a bit back.

Perhaps not yet, but one day in the not too distant future they are going to take a dive and then go down into a fairly impressive correction.  

Gold held in unchanged in spite of a determined bear raid, again.

Silver not so much.  

Option expiration for stocks tomorrow.

China gets back to business next week.

There is a Comex metals expiry on the 23rd, but it is not important.

There is a video at the bottom that gives a nice legal summary of the impeachment.

 Caution, it is fact-based.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Storm Warnings - Precious Metals Winding Up

 

"The demand for silver may temporarily exceed available supply that is acceptable for delivery to the Trust, which may adversely affect an investment in the Shares.  To the extent that demand for silver exceeds the available supply at that time, Authorized Participants may not be able to readily acquire sufficient amounts of silver necessary for the creation of a Basket.

It is possible that Authorized Participants may be unable to acquire sufficient silver that is acceptable for delivery to the Trust for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the Shares. ...In such circumstances, the Trust may suspend or restrict the issuance of Baskets.” 

SLV Silver ETF 

 

 “As of the date of this prospectus, an online campaign intended to harm hedge funds and large banks is encouraging retail investors to purchase silver and shares of Silver ETPs to intentionally increase prices. This activity may result in temporarily high prices of silver.” 

SIVR Silver ETF

 

Stocks slumped hard today on the much stronger than expected retail sales number and the inflation in the PPI. 

Just another sign how dependent stock valuations are on easy Fed money. 

Gold and silver were thunked again, but silver came back for a gain. 

Miners were hammered ahead of their stock option expiration again. 

And another snow storm is on the way I hear. 

The State of Texas independent power grid is giving major hardships to the public. 

I began to get very bullish in my outlook for the precious metals today. 

Let's see how things play out and then I will let you know what I may be seeing, if it develops. 

Today is Ash Wednesday, the first day of Lent. 

Repentance -Forgiveness - Thankfulness. 

 Have a pleasant evening. 

 

Stocks and Precious Metals Charts - The Wild Ones - Lunar New Year and Options Expiration

 

“The oligarchs who ran the country – and the world – had no principals, no morals, and no Code of Honor.  Their indentured servants, the politicians, pretended to have them, but their skills were, just like those of the prostitute who tells her john he just gave her the best orgasm, to appear to have a moral purpose just beyond their self-enrichment.  That much was enough to get them through the next election. 

And every dollar they [the people] saved was worth less with every financial crisis, while the government just printed more money to preserve the stock markets, the financial status of the elites, and the banks who served them.” 

Kenneth Eade, An Evil Trade 

 

Stocks had another ranging day, and ended with small losses. 

The Dollar moved sideways. 

Gold was hit hard today, and to a lesser extent silver. 

The miners were hammered. 

Must be a stock option expiration this Friday. 

And China is on holiday for their lunar New Year this week. 

Laissez les bon temps rouler.

Have a pleasant evening.