30 March 2023

Stocks and Precious Metals Charts - Lipstick on a Pig - End of First Quarter

 

"Plus ça change, plus c'est la même chose."

Jean-Baptiste Alphonse Karr, Les Guêpes, 1849

“Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.”

Antony C. Sutton

"A fire broke out backstage in a theatre. The clown came out to warn the public; they thought it was a joke and applauded. He repeated it; the acclaim was even greater.

I think that's just how the world will come to an end: to general applause from those who believe it's just a joke.”

Søren Kierkegaard

"Jim, lad, there be consequences an' then there be consequences. Devil take 'em all, says I, and pass aft the rum."

Robert Louis Stevenson, Treasure Island

 

And so we have the traditional end of the first quarter 'paint job' where certain aspects of the tape and pumped up or depressed to enhance the quarterly results of the denizens of Wall Street. 

Painting the tape or putting lipstick on a pig.  

It's what they do.

The Dollar dropped.

Gold and silver rallied.

The VIX continued to drift lower.

Bloomberg had a banner announcing a new bull market in tech for a good part of the morning. 

Tomorrow might be a quiet day if equity valuations have reached their optimal targets.

Or not.   It's hard to predict these she short term wiggles in the grift.

Have a pleasant evening.

 


29 March 2023

Stocks and Precious Metals Charts - Hymn of the Cherubim - But If Not

 

"O Nebuchadnezzar, we do not need to defend ourselves before you in this matter. If we are thrown into the blazing furnace, the God we serve is able to save us from it, and he will rescue us from your hand.  But if not, even if he does not preserve us, we want you to know, O king, that we will not serve your gods or worship the images you have set up and commanded us to worship."

Daniel 3:16-18

"Walk with him this morning and believe in him and do what is right and he'll be with you even until the consummation of the ages.  Wherever you are going this morning, tell the world that you're going with truth.  You're going with justice, you're going with goodness, and you will have an eternal companionship.  And the world will look at you and they won't understand you, for your fiery furnace will be around you, but you'll go on anyhow.

But if not, I will not bow, and God grant that we will never bow before the gods of evil."

Martin Luther King, But If Not, November, 1967

"'We who live in the glory of heaven have no idea what it is like to live in darkness.  Every day of our lives we hear His voice and the heavenly music like rushing waters, but for them— there is so much darkness, noise and confusion on the earth.  Only a few who are humble, wise and still in their hearts hear His voice.  But now pay attention.  You are about to see something wonderful.'

And then, as the earth continued to rotate, many little lights spread out. Some would only light up briefly and then go off again. But most continued to burn evenly. As they looked further, they saw that a glowing light had spread over many parts of the earth.

'The glowing lights are His followers that He left behind; men and women who, with His help, continue to spread the light on the earth.  And now many little lights are beginning to shine all over the world.'"

J. B. Phillips, Ansichten eines Engels

"Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: The struggle against the demon, against the servants of the Antichrist. Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate.

Everywhere, and at times of greatest trials, men have appeared, prophets and saints who cherished their freedom, who preached the One God and who with His help brought the people to a reversal of their downward course. Man is free, to be sure, but without the true God he is defenseless against the principle of evil. He is a like rudderless ship, at the mercy of the storm, an infant without his mother, a cloud dissolving into thin air."

The White Rose, Fourth Leaflet, Munich 1942

"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

Ephesians 6:12

Stocks were in risk on rally mode.

The VIX fell.

Gold declined.  Silver held its own with equities.

The Dollar chopped sideways.

I think we have a rinse coming in equities.  Maybe not tomorrow but soon.

This is the way—  of Wall Street

Have a pleasant evening.


28 March 2023

Stocks and Precious Metals Charts - The Spice Must Flow

 

"What we need in the United States is not division.  What we need in the United States is not hatred.  What we need in the United States is not violence and lawlessness, but love and wisdom and compassion toward one another, a feeling of justice to those who still suffer in our country."

Some who accuse others of inciting riots [and even wars] have by their own conduct invited them. Some look for scapegoats, others look for conspiracies, but this much is clear; violence breeds violence, repression brings retaliation, and only a cleaning of our whole society can remove this sickness from our soul."

Robert F. Kennedy

"The world is being inundated by the brazen conviction that power can do anything, and justice nothing."

Aleksandr Solzhenitsyn

"We are a generation made drunk with power, and a perverse individualism that has been foretold for increasingly dark times.  May God have mercy on any who provide provocation and false teachings to others, and scandalous examples to their brothers and sisters, children and grandchildren, especially because of their willful selfishness, stubborn greed, and foolish pride. And you know who you are, if you are not already completely dead to the life of the Spirit."

Jesse, 19 January 2015

The wash and rinse continues.

Stocks were slumping today.   The rose yesterday.

Rinse follows wash.

But a late day bounce made the stock decline minimal.

Gold and silver rallied.  

They fell yesterday in anticipation of today's Comex option expiration.

VIX continued to fall.   

The tech billionaires are feeling pretty good about their most recent government bailout.

The Dollar fell.

And the beat goes on.

Have a pleasant evening.