Stocks and Precious Metals Charts - The Walking Dead

 

"Let all mankind recognize My unfathomable mercy.  It is a sign for the end times.   Bring to me all devout and faithful souls, and immerse them in the ocean of My mercy.  He who refuses to pass through the door of My mercy must pass through the door of My justice.”

Maria Faustyna Kowalska

"The selfishness of an age that has devoted itself to the mere cult of pleasure has tainted the whole human race with an error that makes all our acts more or less lies against God.  The devil is no fool.  He can get people feeling about heaven the way they ought to feel about hell.  He can make them fear the means of grace the way they do not fear sin.  And he does so, not by light but by obscurity, not by realities but by shadows; not by clarity and substance, but by dreams and the creatures of psychosis.  And men are so poor in intellect that a few cold chills down their spine will be enough to keep them from ever finding out the truth about anything.  We stumble and fall constantly even when we are most enlightened.  But when we are in true spiritual darkness, we do not even know that we have fallen."

Thomas Merton

"Do you not know that to whom you give yourselves as servants, his servants you become, whether of a corruption unto death, or of a righteousness unto life?"

Rom 6:16

"You are of your father the devil, and you want to do the desires of your father.   He was a murderer from the beginning, and does not stand in the truth because there is no truth in him.  Whenever he speaks a lie, he speaks from his own nature, for he is a liar and the father of lies."

John 8:44

"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.”

Léon Bloy

Stocks moved sharply lower in a volatile day but managed to finish in the green in the very light afternoon trading.

There seems to be a definite trend here.

Gold and silver were smashed and the dollar ticked back up in what seemed to be 'technical' reversals.

Silver is still in a remarkable intermediate uptrend.  Very clear to see on the weekly chart.

The VIX is very low relative to its recent histtory.

The equity markets are primed for a decline, perhaps sharply.

Despite the stellar results from the likes of JP Morgan bank.

Need little, want less, love more.  

For those who abide in love abide in God, and God in them.

Have a pleasant weekend.

Stocks and Precious Metals Charts - Afflictions of the Spirit

 

“Some madness doesn't act mad to begin with, sometimes it will knock politely at the door, and when you let it in, it'll simply sit in the corner without a fuss — and grow.”

Nathan Filer

"The greatest want of the world is the want of men — men who will not be bought or sold; men who in their inmost souls are true and honest; men who do not fear to call sin by its right name; men whose conscience is as true to duty as the needle to the pole; men who will stand for the right though the heavens fall."

Ellen G. White

"And this is the judgement, that the light has come into the world, and people love the darkness rather than light, because their deeds are evil."

John 3:19

"The great banks and insurance houses where surplus wealth is kept among us. That surplus wealth, produced by the cheap labor of 'peasants', must now be protected from the peasants by law and by military force.

We labor and labor and labor for stuff that never satisfies us. The market ideology is now the new form of imperial power and many of us, without any critical reflection, have signed onto that, and organized our lives in that way so we do not have any time, energy or capacity for the things that are rightly important to us, our humanness."

Walter Brueggemann, Truth To Power

"With tears in my eyes I tell you now that some may be lost, forever. For their desires are the god that they worship. They boast with pride about things of which they should be ashamed. They think only about the privileges and glories of this world."

Philippians 3:19-20

A wave of enthusiasm for a Fed pivot to rate cuts took the markets by storm, given the mild PPI numbers.

This was reflected in another sharp decline in the dollar back towards the DXY 100 handle.

Gold and silver rose higher, and are now pushing up against breakout resistance levels.

Equities also had a made rally with the SP 500 now firmly set against the resistance that has triggered several failed rallies in the recent past.

VIX is showing some complacency.   

Let's see how we tomorrow and into the weekend.

Have a pleasant evening.

Stocks and Precious Metals Charts - Careless People, Jerome and Janet

 

“They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made.”

F. Scott Fitzgerald, The Great Gatsby

"It is not possible to found a lasting power upon injustice, perjury, and treachery.  These may, perhaps, succeed at first, and limp along on hope for awhile with a flourishing appearance.  But time betrays their weakness, and they eventually fall into ruin of their own designs."

Demosthenes

"Laws exist to protect society from the actions of aberrant personalities.  It does not shock us when they wield a gun.  Why then does it surprise us when they utilize a pen, a glib personal patina, a reckless disregard for others, and a persistent, amoral cunning?

Until there is reform and a restoration of justice there will be no sustained and genuine recovery."

Jesse, A Brief History of the Greatest Financial Fraud in History, 15 December 2008

"There are no necessary evils in government.  Its evils exist only in its abuses.  If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing."

Andrew Jackson, Veto of the Second Bank of the United States

"Looking at the world as a whole, the drift for many decades has been not towards anarchy but towards the reimposition of slavery.  We may be heading not for general breakdown but for an epoch as horribly stable as the slave empires of antiquity.

Few people have yet considered the kind of world-view, the kind of beliefs, and the social structure that would probably prevail in a state which was at once unconquerable and in a permanent state of cold war with its neighbors."

George Orwell

Stocks did another one day wash and rinse special.

It started with a rocket rally up from the relatively benign CPI data this morning, but fell apart and went deeply into the red by the market close.

The Dollar fell.

Gold and silver rallied, with a similar volatility to stocks.

VIX is in a fairly tight lower range.

Earnings season kicks off with the Banks on Friday.

It was in the high 80s here today.   More like Summer than Spring.

Have a pleasant evening.