Stocks and Precious Metals Charts - They Have Sown the Wind

 

"There is something on earth greater than arbitrary or despotic power.  The lightning has its power, and the whirlwind has its power, and the earthquake has its power; but there is something among men more capable of shaking despotic thrones and that is, the excited and aroused indignation of the whole civilized world."

Daniel Webster, Festival of the Sons of New Hampshire, Boston, November 7, 1849

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects."

R. J. Rummel, Death by Government: A History of Mass Murder and Genocide Since 1900

"Certainly, anyone who has the power to make you absurd has the power to make you unjust."

Voltaire, No.11, Collection des Lettres sur les Miracles, 1765

"It is interesting to contrast the complacency of the career diplomats, at that time most often Americans of privilege, with the agony of the German people as they slowly sunk into the abyss. The lone voices that were raised in protest were suppressed, ridiculed, marginalized, and ignored even in America. To many amoral minds, including especially the capitalists of the free world, Hitler's rise to power was just another business opportunity.  Some families rose to greater prominence and power, even in America, on a pile of European corpses."

Jesse, In the Garden of Beasts, 26 September 2011

"A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, we are not going to be judged.”

Czeslaw Milosz, Discreet Charm of Nihilism, November 19, 1998

"The people have broken my covenant, and rebelled against my law.  They cry out to me, 'Our God, we know you.'  But Israel has rejected what is good, and the enemy will pursue him.  They have sown the wind, and they shall reap the whirlwind."

Hosea 8:1-3,7


If they could see what is coming for them, but had no faith to sustain them, no regard for the Lord to guide them, they would almost certainly fall into a panic-stricken state of abject fear and despair.  

 Stocks were wobbly once again, in a another ranging day, but managed to finish up flat to green.

Gold and especially silver continued to rally.   Silver, when it moves, is amazing.

They have been bolting steadily higher since the recent Comex precious metals option expiration.

The chart formations for the metals are active on the charts, and clearly marked.  

The Dollar dropped back to just hanging on to the 104 handle.

The VIX fell.

The markets are keenly watching out for the Non-Farm Payrolls report.

This may severely test the metals rally, as it often does.

In the meantime the geopolitical situation is in the red zone, and the markets keep whistling along, focused on the Fed.

The stock markets are one event away from a comprehensive meltdown, that could be impressive.

Have a pleasant evening.

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Stocks and Precious Metals Charts - Hi-Yo Silver, Away! - Exsultate Jubilate

 

"As the Father has loved me, so I have loved you.   Remain in my love.  If you keep my commandments, you will abide in my love, even as I have kept my Father’s commandments and abide in his love.  These things I have spoken to you so that my joy may remain in you, and so that you may be joyful.

This is my commandment: that you love one another, as I have loved you.v Greater love than this has no man, than to offer his life for his friends."

John 15:9-11

"Shout for joy, O you blessed souls.
    singing sweet songs responding to your song
    let the air sing with me.
The friendly day shines forth,
   both clouds and storms have fled now;
   for the righteous there has arisen an unexpected calm.
Dark night had reigned everywhere;
Now, arise, happy at last, you who had feared before,
   and be joyful for this fortunate break of day.
You, crown of virgins grant us peace.
You comfort the feelings from which the heart sighs.
Hallelujah"

Composed W. A. Mozart, Exsultate Jubilate, 1773

"Come, let us sing to the Lord; let us make a joyful noise to the rock of our salvation.  Let us come before His presence with thanksgiving; let us make a joyful noise to Him with songs of praise.  For the Lord is a great God, and a great King above all. 

In His hands are the deep places of the earth, the heights and strength of the hills.  The sea is His, for He made it, and His hands formed the dry land.  Come, let us worship respectfully, let us kneel before the Lord our Maker.  For He is our God and we are the people of His pasture and the sheep of His hand.  

Now, if you will but hear His voice."

Psalm 95


Stocks were trading weakly most of the day.

They managed to take a little of their losses back in the closing afternoon trade.

But they were still chalking up some notable declines. 

The fantasy of many rate cuts this year seems to be on the wane.

Gold and silver just rallied hard, with gold moving within reach of $2300.

But silver just ripped higher, and stuck a firm close on the $26 handle.

They were taking the silver bears out of the trading pits on stretchers.

We have a Non-Farm Payrolls report coming this Friday.

It has the potential to move markets.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Deathly Grip of The Unspeakable

 

"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.  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."

James W. Douglass, JFK and the Unspeakable: Why He Died and Why It Matters, 2008

"No one screams against this hell.   No one protests.   And if they abhor what they see, they do not have the courage to damn the damned.   One alone would not have failed us.   Péguy would have spoken, I hope, he would have let loose his scream.  He is not here, and there is no one else."

André Suarès, 1939

"He who does not shout the truth when he knows it makes himself the accomplice of liars and frauds."

Charles Péguy

“'Come, I will show you the judgment of the great harlot who is seated upon many waters, with whom the rulers of the world have committed sin.'   The woman was arrayed in purple and scarlet, adorned with riches, holding in her hand a golden cup full of idolatry and the impurities of her lawlessness; and on her forehead was written a name of mystery: 'Babylon the great, mother of harlots and of earth’s abominations.'"

Revelation 17:1-6

"On this morning, if I can leave anything with you, let me urge you to be sure that you have a strong boat of faith.  The winds are going to blow.  The storms of disappointment, the agonies and the anguishes of life are coming.  And be sure that your boat is strong, and also be very sure that you have an anchor.  And be very sure that your anchor holds.  It will be dark sometimes, and it will be dismal and trying, and tribulations will come.  But if you have faith in the God that I’m talking about this morning, it doesn’t matter.  For you can stand up amid the storms."

Martin Luther King, Unfulfilled Dreams, Ebenezer Baptist Church, Atlanta, Georgia, 3 March 1968

"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 were wobbly today, but some late afternoon action took big tech back up to unchanged. 

For the rest of the equity market, not so much. 

Gold and silver futures soared overnight,  but as is customary they were knocked down in the paper trade of New York.

No surprise there.  

It's been a long time coming, it will be a long time gone.

VIX remains subdued.

The Dollar rallied.

The world is staggering towards a vicious and wider war, whether you realize it or not.

The provocations are increasingly obvious, and the cover stories are embarrassingly thin.

I fear that the attack on the Crocus concert, and the recent strike on the Iranian Embassy in Damascus, with the heavy-handed murdering of civilians in Gaza, mark a serious turning point. 

Only madmen and monsters think that they will profit from this.

The madness serves none but itself.

Have a pleasant evening.