Stocks and Precious Metals Charts - Bubble Deflating in Asset Liquidation

 

"As you have willed it, so your house is now yours to command— but it is made desolate.’”

Matthew 23:38


"They demand free enterprise, but are the spokesmen for monopoly and vested interest.   Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection."

Henry Wallace, 9 April 1944


"The Lord requires you to act justly, and to love kindness and mercy, and to walk humbly with your God."

Micah 6:8


"What is good?  All that increases the feeling of power, the will to power, power itself.  What is bad?  All that is weakness.  What is happiness?  The feeling that power is growing, that resistance is overcome.  Not contentment, but more power; not peace at all, but war; not virtue, but efficiency. 

'The weak and the flawed shall perish' is the first principle of our charity.  And one should help them to perish.  What is more harmful than any vice?  Christian love."

Nietzsche, The Antichrist


"Love does not make you weak, because it is the source of all strength— but it makes you see the nothingness of the illusory strength on which you depended before you knew it.

The only real tragedy, In the end, is not to be a saint."

Léon Bloy

Stocks dove to a new low today, but managed to find some footing and bounce back in the afternoon.

Volatility remains pronounced, as shown by the elevated VIX.

Gold and silver fell as the Dollar rocketed another 97 basis points higher on the DXY.

It is not clear if stocks have put in a bottom or not.

This shows the characteristics of asset liquidation at this point.

A bounce tomorrow would be constructive.

Watch out if they do not bounce though, for a 'blue' or gloomy Monday, followed by a black Tuesday capitulation if they still cannot bring themselves out of this slump.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Are You Not Entertained? - A Banquet of Consequences

 

"No doubt it is more comfortable to deliberately wear blinkers that prevent one from seeing the evil done in the discharge of their responsibility— to be unwilling to see that one is defending murder and robbery. 

All my life I have been fighting against the spirit of narrowness and violence, arrogance, intolerance in its absolute, merciless consistency.   

I have also worked to overcome this spirit with its evil consequences, such as nationalism in excess, racial persecution, and materialism.   

In regards to this, the National Socialists are correct in killing me.  In that, my conscience drove me – and in the end, that is a man's duty."

Helmuth James Graf von Moltke,  Executed in Plötzensee Prison, Berlin, 23 January 1945


"It is not enough to withdraw from the mob, not enough to go to another place: we have to withdraw from such attributes of the mob as are within us." 

Michel de Montaigne

 

"You made this monster, and as long as things were going well you gave him whatever he wanted.  You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you.” 

Friedrich Reck-Malleczewen

 

"The lofty mind of man can be imprisoned by the artifices of its own making. If there are damned souls in Hell, it is because men blind themselves.”

E.A. Bucchianeri, Faust: My Soul Be Damned for the World


“Religion used to be the opium of the people. To those suffering humiliation, pain, illness, and serfdom, religion promised the reward of an after life. But now, we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, we are not going to be judged.”

Czeslaw Milosz, Discreet Charm of Nihilism

 

Stocks continued to take another leg down today.

Dip buyers were spanked once again.

The second low is still in motion.  Let's see where it stops and actually sets in.

Although technically we could just go for a market break here.  We've  already banked quite a few failed rallies along the way.

Gold and silver managed to bounce, and hold it.

The crypto currencies are being taken out and beaten with ugly sticks.   

What a surprise.

VIX remains elevated.

The Dollar slid across the 104 handle, and managed to hang on to it.

A strong dollar here is not favorable to the US economy, since it encourages imports and discourages exports.

But it does favor the financiers, who play the international game of assets and acquisitions, plundering on a global scale as they have done so well and so often domestically in recent years.

Aren't you glad you are watching this carnage from 'higher ground' and relative safety? 

Sooner or later everyone sits down to a banquet of consequences.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Sorrows of Empire

 

"'After dinner, 'Larry [Summers] leaned back in his chair and offered me some advice,' Ms. Warren writes. 'I had a choice. I could be an insider or I could be an outsider.  Outsiders can say whatever they want.  But people on the inside don’t listen to them.  Insiders, however, get lots of access and a chance to push their ideas.   People — powerful people — listen to what they have to say.   But insiders also understand one unbreakable rule: They don’t criticize other insiders.'

I had been warned."

Elizabeth Warren, A Fighting Chance


“If you shut up truth and bury it under the ground, it will but grow, and gather to itself such explosive power that the day it bursts through it will blow up everything in its way.”

Émile Zola

"The crash has laid bare many unpleasant truths about the United States.  One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government.  

This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price. And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains."

Simon Johnson, The Quiet Coup, May 2009

 

"The Romans, like others, as soon as they grew rich, grew corrupt; and in their corruption sold the lives and freedoms of themselves, and of one another.”

Samuel Johnson

“A decline in courage may be the most striking feature that an outside observer notices in the West today.  The Western world has lost its civic courage.  Such a decline in courage is particularly noticeable among the ruling and intellectual elite, causing an impression of a loss of courage by the entire society.”

Aleksandr I. Solzhenitsyn


"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us."

Chalmers Johnson


Stocks managed to hold their own today, a fairly meager accomplishment given the deep level of selling that they currently are maintaining.

Gold and silver were hit by steady selling throughout the NY trading session.  They are now approaching what may be a tradable bottom, depending on what the other financial markets may do.

VIX remains elevated.

The Dollar strengthened further to just below the 104 handle.

Have a pleasant evening.