Stocks and Precious Metals Charts - Unloving, Unforgiven - CPI Tomorrow

 

"Remember that there will be trying times in the last days.  For people will love only themselves and their money.  They will be boastful and proud, scoffing at God, dishonoring their parents, and ungrateful.  To them nothing is sacred.  

They will be unloving and unforgiving; they will slander others and have no self-control.  They will be cruel and despise what is good.   They will betray their friends, be reckless and proud, and love pleasures of the world more than God.  

They may talk like they are religious, but they will reject the grace that could make them righteous."

2 Timothy 3:1-5 

 

"Gloom is no Christian temper; that repentance is not real, which has not love in it; that self-chastisement is not acceptable, which is not sweetened by faith and cheerfulness. 

We attempt for the most part what we know; we begin what we think we can go through. Our sins are more in number than the hairs of our head; yet even the hairs of our head are all numbered by Him.  He counts our sins, and, as He counts, so can He forgive; for that reckoning, great though it be, comes to an end; but His mercies fail not, and His Son's merits are infinite." 

John Henry Newman

 

"For as you judge, so will you be judged, and the measure with which you measure will be measured out to you."

Matthew 7:2

 

Stocks went on a tear to the upside today, as momentum gained traction once again.

The CPI numbers tomorrow will be closely watched, for any impact on Fed actions.

Gold and silver moved higher.

The Dollar drifted lower.

Markets are at thresholds.  

Tomorrow's data may have an impact.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - The Spice Must Flow

 

"So the Pharisees and scribes questioned him, saying:  'Why do your disciples not follow the tradition of the elders, but instead eat a meal with unclean hands?'   And Jesus answered, 'Well did Isaiah prophesy about you hypocrites, as it is written:

This people honors me with their lips, but their hearts are far from me; In vain do they worship me, teaching as doctrines what are human traditions.

You disregard God’s commandment but cling to what are merely customs.'  He went on to say, 'How well you have set aside the commandments of God, in order to uphold your own ways.'" 

Mark 7:5-13 

 

"Come, let us bring joy to the Lord,  let us sing with joy to the rock of our salvation.   Let us come into his presence with thanksgiving, and sing to Him with joy.  For the Lord is a great God, and a great King above all. 

In His hands are the deep places of the earth, and the heights of the mountains. The sea which He made is His, and His hands formed the dry land.  Come, let us worship and bow down; let us kneel before the Lord, who is our maker. 

For He is our God, and we are the people of His pasture and the sheep of His hand. Today if you hear His voice, harden not your hearts, as in the provocation and the day of trials in the wilderness."

Psalm 95 

Stocks managed to shake off their early losses, and turn higher, finishing in the green.

Gold and silver were higher.

The Dollar chopped sideways.

The prognosis for the equity markets remains weak, because their underpinnings are hollowed and with little conviction.

 Have a pleasant evening.

Stocks and Precious Metals Charts - The Beat Goes On

 

"Efficient market theory (markets are naturally good, requiring little to no regulation) is a fraud, and further deregulation is little more than a license to steal.  It is no coincidence that the gap between the wealthy few and the public is at levels not seen since the last Great Depression.  This is the mark of a very unhealthy kleptocracy based not on merit but on position, power, and payoffs.

The corruption in the system acts like a huge tax on the real economy, diverting resources, labor, and investment away from productive activity and towards monopolies, cartels, and the fraudulent accumulation of wealth through the manipulation of financial assets, making money from money.   There will be no sustainable recovery until there is substantial, genuine reform of the financial and political systems, both of which have been tainted by big money and corporate power promoting a very narrow and self-servingly destructive agenda. 

Agree or not, things will continue to get worse, even if in a long, dwindling cycle of decay and despair, until change comes. And it will come, one way or the other. And the longer it takes, the more volatile the outcome."

Jesse, 7 September 2012

 

"If derivatives are Weapons of Mass Destruction, then the Credit Default Swaps market is the H Bomb. Credit Default Swaps, if they start unwinding, can develop a chain reaction that will take out a fair chunk of the real economy, in addition to two or three big name corporations.

Aren't you glad we have men [Ben Bernanke] so familiar with the mistakes the Fed made in 1929 to 1932 with regard to Fed Policy?  We wish they had at least audited the courses covering the Fed's mistakes from 1921 to 1929.  Sure, they are the experts; we're just concerned that they may be preparing to fight the last war." 

Jesse, 1 Decemer 2007

 

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” 

Upton Sinclair

 

You can add ideology and bias to salary in that formula.

I probably gave them, and others I am sad to say, far too much credit.   

It is disappointing to look back and see how many have fallen away, and for so little.

The madness is pervasive, and serves none but itself.

Stocks drifted lower today, weighed upon by geopolitical and economic uncertainty.

Are we in the post bubble top phase of diminishing expectations?

We did get a failed rally after a blow off top on the NDX, so the scenario of a bubble bursting in a destructive manner is in play. 

Who could have seen it coming?

Gold and silver rallied today, even as the Dollar chopped sideways.

Too soon to draw any serious reactions and expectations, but the attitude towards risk is worth watching.

And the beat goes on.

Have a pleasant evening.