Stocks and Precious Metals Charts - Feeding Moloch - Waschen und Spülen

 

"We were standing at a window of my room in the Foreign Office.  It was getting dusk, and the lamps were being lit in the space below on which we were looking.  My friend recalls that I remarked on this with the words:  'The lamps are going out all over Europe, we shall not see them lit again in our life-time.'"

Edward Grey, Twenty-Five Years 1892–1916, 1925

“Two armies that fight each other is like one large army that commits suicide.”

Henri Barbusse, Le Feu: journal d'une escouade, 1916

"I believed that our public intelligentsia had succumbed to an amazing series of cognitive failures; that time after time they had gotten the facts wrong, ignored the clanging bullshit detector, made the sort of mistakes that would disqualify them.

What I didn't understand was that these weren't cognitive failures at all; they were moral failures, mistakes that were hard-wired into the belief systems of the organizations and professions and social classes in question. As such they were mistakes that, from the point of view of those organizations or professions or classes, shed no discredit on the individual chowderheads who made them.

Holding them accountable was out of the question, and it remains off the table today. These people ignored every flashing red signal, refused to listen to the whistleblowers, blew off the obvious screaming indicators that something was going wrong in the boardrooms of the nation, even talked us into an unnecessary war, and the bailout apparatus still stands ready."

Thomas Frank, Too Smart to Fail: Notes on an Age of Folly, March 26, 2012

"War against a foreign country only happens when the moneyed classes think they are going to profit from it."

George Orwell

“Let us learn our lessons.  Never, never, never believe any war will be smooth and easy, or that any one who embarks on that strange voyage can measure the tides and hurricanes he will encounter.  The Statesman who yields to war fever must realise that once the signal is given, he is no longer the master of policy but the slave of unforeseeable and uncontrollable events.  Antiquated War Offices, incompetent or arrogant Commanders, untrustworthy allies, hostile neutrals, malignant Fortune, ugly surprises, awful miscalculations— all take their seat at the Council Board on the morrow of a declaration of war."

Winston Churchill, My Early Life: A Roving Commission, Thornton Butterworth Ltd, London 1930


As it is with conventional war, so too with economic wars, wars fought with banking systems, trade sanctions, and currency.

The Jobs number came in smoking hot this morning, and the Labor Participation Rate ticked higher.

But unemployment rate rose, so of course stocks focused on that and went into a risk on stampede higher.   

Gold and silver were crushed.

What a surprise.  Not.

 And of course the VIX fell to a low we have not seen since 2021.

Market bubbles, false flags, cartel pricing, manufactured wars?   It's all good for profits.

Maybe we'll see the flip side to this next week.  

Rinse follows wash in the endless harvesting of a nation's wealth.

Have a pleasant weekend.

 

Stocks and Precious Metals Charts - Sic Semper Inanitas - Slouching Into the Payrolls Report

 

"Gold has worked down from Alexander's time.  When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."

Bernard Baruch

"The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver."

Adam Smith, Wealth of Nations, p. 262

"Gold is unique among assets, in that it is not issued by any government or central bank, which means that its value is not influenced by political decisions or the solvency of one institution or another."

Salvatore Rossi, Chief of the Central Bank of Italy, 30 Sept 2013

"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence."

Charles De Gaulle, February 4, 1965

"Specie [gold and silver] is the most perfect medium because it will preserve its own level, because, having intrinsic and universal value it can never die in our hands, and it is the surest resource of reliance in time of war."

Thomas Jefferson, Letter to John Wayles Eppes, 6 November 1813

“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


Stocks were in risk on rally mode today.  

And the spokesmodels with fluttering pom-poms were cheering them on.

AI, AI, hear our cry,  V - I -C - T - O - R - Y

VIX fell to its multiyear low.

Gold and silver rallied, going out near the highs.

The Dollar fell sharply.

What's wrong with this picture?

Let's see how the Non-Farm Payrolls report prints tomorrow.

And how the markets choose to take it.

Its really not about the economy anymore, it's all about the Fed.

That's because as the sum of their policy errors and abuses, the Fed has become the market.

Have a pleasant evening.

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.