23 August 2023

Stocks and Precious Metals Charts - The Rulers of Darkness In This World

 

"But it was not until 1967, when Jim Garrison burst upon the scene, that an inner circle of the French government, including de Gaulle and his secret service chief, Andre Ducret, made a move.  The first overt act came in the form of a phone call from New York to Garrison. The caller identified himself as a representative of Frontiers Publishing Company of Geneva, Switzerland.  He said that his firm had an important work in progress [Farewell America] on the Kennedy assassination which would soon be published in Europe [in French as L'Amerique Brule], and wondered if Mr. Garrison would be interested in taking a look.  It was like dangling a carrot in front of a rabbit."

William Turner, Farewell America: How French Intelligence Wrote a Book about the Kennedy Assassination, February 13, 1984

“What happened to Kennedy is what nearly happened to me.  His story is the same as mine.  It looks like a cowboy story, but it’s only an OAS [Organisation armée secrète tried to assassinate de Gaulle 22 August 1962] story.  The security forces were in cahoots with the extremists.  All of them together will observe the law of silence. They will close ranks.  They’ll do everything to stifle any scandal.  They don’t want to know.  They won’t allow themselves to find out.”

Charles de Gaulle, President of France, to Alain Peyrefitte, 1963

"It is so important to understand that one of the primary means of immobilizing the American people politically today is to hold them in a state of confusion in which anything can be believed but nothing can be known, nothing of significance that is.

And the American people are more than willing to be held in this state because to know the truth - as opposed to only believe the truth - is to face an awful terror and to be no longer able to evade responsibility."

E. Martin Schotz, History Will Not Absolve Us, 1996

The Unspeakable is a term Thomas Merton coined at the heart of the sixties after JFK’s assassination—in the midst of the escalating Vietnam War, the nuclear arms race, and the further assassinations of Malcolm X, Martin Luther King, and Robert Kennedy.  In each of those soul-shaking events Merton sensed an evil whose depth and deceit seemed to go beyond the capacity of words to describe.

 What is unrecognized about JFK's presidency, which then makes his assas­sination a false mystery, is that he was locked in a struggle with his national security state.  That state had higher values than obedience to the orders of a president who wanted peace.

It’s unbelievable—or we’re supposed to think it is—that a president was murdered by our own government agencies because he was seeking a more stable peace than relying on nuclear weapons.  It’s unspeakable.  For the sake of a nation that must always be preparing for war, that story must not be told.  If it were, we might learn that peace is possible without making war.

These brass hats have one great advantage in their favor.  If we listen to them, and do what they want us to do, none of us will be alive later to tell them that they were wrong.

When we become more deeply human, as Merton understood the process, the wellspring of our compassion moves us to confront the Unspeakable.  There is nothing so threatening to systemic evil as those willing to stand against it regardless of the consequences."

James W. Douglass, JFK and the Unspeakable: Why He Died and Why It Matters

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

Ephesians 6:12

 

Stocks shook off the interest rate blues and swung hard into rally mode today.

Of course the VIX fell.

The Dollar fell as well.

Gold and silver were in rally mode after the recent, protracted decline that culminated on the stock option expiration last Friday.

What a surprise.

Comex metals option expiration next Monday the 28th.

The Fed will be meeting again tomorrow.

This November 22 will be the 60th anniversary of the murder of the US president John F. Kennedy.

I have been watching quite a few documentaries and reading articles to bring myself back up to date on how the body of knowledge around this even has progressed in the past 20 years.

I am watching far more video and documentaries on demand, and reading these days, than I spend watching network television.

I think it's a positive development

Have a pleasant evening.



22 August 2023

Stocks and Precious Metals Charts - On the Banks of Denial - History Will Not Absolve Us

 

"Empires have always succumbed to the same disease.  With each new conquest, Rome thrust forward her frontiers and retreated from her principles.  The first Romans were simple people, wholly devoted to their land and their gods.  But the pilgrims, the settlers and the' sages were succeeded by a promiscuous mob that capitalized on the victories.  

The spectacles of the circus served to distract the populace.  The free wheat and olives distributed to the needy at the Forum served as a subterfuge for social reforms.  The aristocracy purchased seats in the Senate.  The magistracy of the empire and the spoils of victory went to the senators, the consuls, the praetors, the quaestors, the censors and their wives.  Rome had become a corporation.

The government was in the hands of a few opulent families of the world of finance, supported by the military junta.  These families knew how to protect their interests: they disguised them as national necessities.  The preservation of Rome was identified with that of the ruling families.  'The Roman people consisted of a small oligarchy of landowners, bankers, speculators, merchants, artisans, adventurers, and tatterdemalions, avid for pleasure, excitement, and sudden gain, proud, turbulent, corrupted by the life of the city, and placing their own interests ahead of even the most salutary reform.'  [Guglielmo Ferrero, The Greatness and Decline of Rome, 1909]

The national honor of the Roman Empire was nothing more than the caprices or the indignation of the rulers of the moment, its political institutions no more than the cupidity of its dignitaries and the indolence of its masses, its history nothing more than a series of petty larcenies and more important crimes."

James Hepburn (pseudonym), Farewell America, France, 1968

"None are more hopelessly enslaved than those who falsely believe that they are free."

Johann Wolfgang von Goethe

"'The light shining in darkness' is the token of true religion; and, though doubtless there are seasons when a sudden enthusiasm arises in favour of the Truth, yet such a popularity of the Truth is but sudden, comes at once and goes at once, has no regular growth, no abiding stay.  It is error alone which grows and is received heartily on a large scale.

Truth, indeed, has that power in it, that it forces men to profess it in words; but when they go on to act, instead of obeying it, they substitute some idol in the place of it.  When there is much talk of religion in a country, and much congratulation that there is a general concern for it, a cautious mind will feel anxious lest some counterfeit be, in fact, honoured instead of it:—lest, in short, it be Satan transformed into an angel of light, rather than the Light itself, which is attracting followers."

John Henry Newman, Parochial and Plain Sermons, 1839

 

Stocks attempted to rally again today, but fell back to unchanged, and drifted slightly into the red by the close.

A downgrade by S&P on the credit ratings of several US Banks yesterday helped to brink down banking stock prices.

The Dollar bounced higher.

Gold tried to rally but finished essentially unchanged.  Silver edged higher.

The VIX drifted lower.

There will be a precious metals option expiration next Monday.

Have a pleasant evening.



21 August 2023

Stocks and Precious Metals Charts - Non Serviam - Poor Children of Time

 

"Powers of the earth rise and fall; revolutions come in course; great families appear, and are swept away; wise men are in high places, and walk amid the sparks which they have kindled.  They feel that they are short-lived, and they determine to make the most of their time.  They grasp and push forwards, they are busy and feverish, not only from the feebleness and waywardness of their nature, but from the conviction of their reason, that they have but a short time.   

Their aims and desires, their instruments, their goods, their bodies, their souls, are all perishable.  They begin to die. Their growth and progress, their successes, are but the first stages of corruption and dissolution.  Poor children of time, what are they?  They triumph over religion in their day; they insult its ordinances and its ministers; they tyrannize in its Temples, showing themselves that they are gods.   They build up their families by rapine and sacrilege; they are wanton when they are not covetous; and, when satiated with pillage, they mutilate and defile what they do not destroy.  We rise in the morning, and, behold, they are all dead corpses. The storm has passed, the morning has broken, the Egyptians are cast on the seashore.  

Men of the world, indeed, in proportion as they are active and enterprising, boast of their independence, and are proud of having obligations to no one. But it is the Christian's excellence to be diligent and watchful, to work and persevere, and yet to be in spirit dependent; to be willing to serve."

John Henry Newman, Parochial and Plain Sermons, 1836 Nov 13

"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, and for whom there is no limit to their greed, those who schemed to get wealth, and were always anxious about their possessions.

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

Baruch 3:16-19

"And so Jesus gave us a new norm of greatness.  If you want to be important—wonderful. If you want to be recognized—wonderful.  If you want to be great—wonderful.  But recognize that he who is greatest among you shall be your servant.  That's a new definition of greatness.  And this morning, the thing that I like about it: by giving that definition of greatness, it means that everybody can be great, because everybody can serve."

Martin Luther King, The Drum Major Instinct, February 4, 1968

Stocks were in rally mode today, bouncing back sharply after the listless but nevertheless bloody declines of last week.

Volumes remained subdued.

What a difference a stock option expiration makes.

Gold bounced, but silver took off with stocks.

The Dollar mostly chopped sideways.

The VIX had an outside day with a slight decline.

There will be a precious metals option expiration on the Comex on next Monday the 28th.  This expiration is weighted more heavily to silver.  Effects of a shenaniganistic nature may appear later this week.

The visit to the specialists was informative and heartening.   Surgery will repair the eye and implant a new lens in a different way, and the prognosis is optimistic. 

Politics in business is a deadly and potentially destructive mechanism when it favors the worst and most unscrupulously shameless.  I have seen it become predominant, virulent, and pompously parasitic.

Politics in academics can be equally harmful in its destruction of knowledge, and propagation of policy errors into the real economy, but is otherwise a slap-fight, a mean-girls opera buffa.

The ghosts of folly and the moneyed interests stalk the hallways and coffee rooms of universities, infest servile papers, give undeserved life to woodenly repetitive policy errors, and on occasion haunt the buffet tables of the Jackson Lake Lodge in Jackson Hole, Wyoming.

Have a pleasant evening.