Stocks and Precious Metals Charts - Shall We Stop This Bleeding?

 

"Let your love be sincere; hate what is evil, hold on to the good; love one another with mutual affection; show respect to one another in good manner.  Do not fall away in your commitment, be faithful in spirit, and above all serve the Lord.  Rejoice in hope, endure in troubles, persevere in prayer.  Contribute to the needs of the faithful, and show kindness to strangers.  Bless those who trouble you, bless and do not curse them.  Rejoice with those who rejoice, weep with those who weep.  Live peacefully with one another; do not be arrogant but count yourself among the humble; do not think that you know more than the rest."

Romans 12:9-16

“Every war when it comes, or before it comes, is represented not as a war but as an act of self-defense against a homicidal maniac.  In our time political speech and writing are largely the defense of the indefensible.  But if thought corrupts language, language can also corrupt thought.  All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting.

Political language is designed to make lies sound truthful and murder respectable, and to give an appearance of solidarity to pure wind.  War against a foreign country only happens when the moneyed classes think they are going to profit from it.  Nationalism is power hunger tempered by self-deception.

We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men.  If liberty means anything at all, it means the right to tell people what they do not want to hear.  In times of universal deceit, telling the truth will be a revolutionary act.”

George Orwell, Facing Unpleasant Facts: Narrative Essays

"Then it will be God without disguise; something so overwhelming that it will strike either irresistible love or irresistible horror into every creature.   It will be too late then to choose your side.   That will not be the time for choosing: it will be the time when we discover which side we really have chosen, whether we realised it before or not."

C. S. Lewis, Mere Christianity


At the heart of all chaos and disorder is money, and the lust for the power it may bring to the unscrupulous, at the horrific expense and deprivation of many.

The towering pride of a grasping few spreads a dark taint through the pages of history.

As old as Babylon, and evil as sin. 

The debt limit political charade continues chugging along.

It is a way to try and shift the burden of the enormous tax cuts for the wealthy, and outrageous miiitary spending, to the weak and the disadvantaged. 

It is more of a bipartisan effort than you might otherwise imagine, although there is clearly a heart of darkness at the root of it.

Stocks slumped.

Primarily it may seem on the weak economic news out of China.

Recession is coming.

Gold and silver rallied sharply, primarily I think as a technical response to the price suppression hangover from the recent Comex option expiration.

VIX and the Dollar chopped sideways.

Most people are uninformed about the 'White House Coup' of 1933.  You will tend not to see it in any American history books, and the status quo of academics ignores or discredits the evidence.

I have included a brief video history of it below as a reminder.

So often war and disorder is spread by those who are in service to darkness in high places and, so they think, themselves.  The average decent person cannot even begin to grasp the enormity of their crimes and their willful indifference to the consequences of their deceptions.

But as they, to their ultimate horror, will discover, the madness serves none but itself.

Have a pleasant evening. 

Stocks and Precious Metals Charts - Hellbound - Non-Farm Payrolls on Friday

 

"You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”

Thomas More, The Sadness of Christ

"Market fundamentalism has its own economic orthodoxy that, for the most part, is unquestioningly accepted.  It is an idolatrous religion, because it makes a god out of the Market.  It puts money above all else.   This religion has its own high priests, those economic advisors, corporate executives, and government officials who make the rules and oversee the functioning of the economic system as a whole.   It has its own saints, people who have attained the success that the system promises."

Sharon Delgado, Shaking the Gates of Hell

"No one today likes truth: utility and self interest have long ago been substituted for truth.  We live in a nightmare of falsehoods, and there are few who are sufficiently awake and aware to see things as they are.  Our first duty is to clear away illusions and recover a sense of reality.  To recover a sense of reality is to recover the truth about ourselves and the world in which we live, and thereby to gain the power of keeping this world from falling apart."

Nikolai Alexandrovich Berdyaev

"It does not matter how small the sins are, provided that their cumulative effect is to edge the man away from the Light and out into the Nothing.  Indeed the safest road to Hell is the gradual one—the gentle slope, soft underfoot, without sudden turnings, without milestones, without signposts."

C.S. Lewis, The Screwtape Letters

 

Stocks came in blasting higher on the news of a potential debt limit deal.

And then through the day they faded with the practicalities of getting a solution through the Congress.

Gold and silver were slugged as usual, but they turned around with gold finishing very positive and silver almost unchanged.

There was a strong divergence from the metal and the miners.

A number of the heavy hitters are going ex-dividend this week.

Non-Farm Payrolls on Friday.

Have a pleasant evening.

Stocks and Precious Metals Charts - Mais où sont les neiges d'antan? - Holiday Weekend

 

"'He asked him for the third time, “Simon, son of John, do you love me?'  Peter's feelings were hurt because Jesus asked him for a third time, ‘Do you love me?’  And Peter said, ‘Lord, you know everything, you know that I love you.’  Jesus said, ‘Feed my sheep.'

'Verily, verily, I say to you, when you were young, you used to dress yourself, and walked where you liked.  But when you are old, you will stretch out your your hands, and another will dress you, and will take you where you would not like to go.'

Jesus said this to indicate the kind of death by which Peter would glorify God.  Then he said to him at last, ‘Follow me.’

John 21:17-19

"Where are the princes of this world, and those who lorded it over the creatures of the earth?  Those who made sport of the birds of the air, and hoarded up riches in which they trusted.  Those for whom there is no limit to their greed, those who schemed to get more wealth, and were always anxious about their possessions.

Now there is no trace of them. They have vanished down into the bowels of the earth, and others have risen to take their place."

Baruch 3:16-19

"Et Jehanne, la bonne Lorraine,
Qu'Anglois bruslerent à Rouen;
Où sont-ilz, Vierge souveraine?
Mais où sont les neiges d'antan."

François Villon, Ballade des dames du temps jadis

And where are they now, the magnificent lords of the world, if nothing but a memory, returned to the earth as dust.   Perhaps they are mixed with dirt under the fingernails of a child, to be plucked out and discarded, with a 'tut tut' from a doting mother. 

The mighty rise and are fallen, but the Word and the Spirit endure. 

 Stocks managed to extend their gains today, with big cap tech leading the charge higher.

The spokesmodels had their pom-poms out, but the chant has changed, from blockchain, blockchain, to AI, AI.

Gold and silver took a bounce back after their recent pummeling for the Comex option expiration.

The inflation indicator PCE came in hot this morning, but the markets ignored it.

After all, AI!

And so VIX fell in the face of such ardent, if clueless and contrived, optimism.

Three day weekend here as the markets are closed on Monday, Memorial Day.

Non-Farm Payrolls for May next Friday.

Have a pleasant weekend.