02 March 2016

Die 3 Groschen-Oper - The Threepenny Opera


The Threepenny Opera, Die 3 Groschen-Oper, is a 1931 musical film directed by G. W. Pabst for the Weimar Berlin based Nero-Film AG.   It is loosely based on the highly successful musical drama of the same name by Kurt Weil and Bertolt Brecht that opened on 31 August 1928 at Berlin's Theater am Schiffbauerdamm.

The film is set in Victorian London, and focuses on the criminality and corruption of Macheath, Mackie Messer, or Mack the Knife, and his associates, including an old army comrade the chief of police, Tiger Brown.   Macheath sees and quickly woos Polly Peachum, incurring the wrath of her powerful father, who outfits and trains the large army of beggars who populate the substrata of imperial London.

The original stage production was much more a scathing critique of financial capitalism than the film. Brecht broke with the Nero production when they refused to use his rewrites, which had become more sharply politicial.

In the film the street singer is played by Ernst Busch, who was an ardent socialist like Brecht, and become quite famous after the war with the Communists in East Germany. Kurt Weill was married to the singer, Lotta Lenya, who plays Jenny in both the play and the film, and found a successful career in the West after fleeing Germany.

By 1933, when Weill and Brecht were forced to leave Germany by the Nazi Party's Machtergreifung, or bloodless coup d'etat, the play had been translated into 18 languages and performed more than 10,000 times on European stages.

The original street singer was played by the actor Kurt Gerron, who rose to fame in his role opposite Marlene Dietrich in Der Blaue Engel. Gerron, who refused Weill's pleas to emigrate to the US because he was afraid of change, was executed by the Nazis after helping to produce an infamous propaganda film at the concentration camp at Theresienstadt.




Gold Daily and Silver Weekly Charts - Counting the Cars on the NJ Turnpike


"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

Gold and silver managed to poke their heads a little higher today, struggling against strongly defended overhead resistance.

There were some deliveries in the Comex licensed gold and silver warehouses as noted on the reports below.

Reform ignored still comes, sooner or later. What might have once been clear and simple at first has been made into something more complicated by long repression and denial. What is both wondrous, and awful, is when that change finally comes, and what may be coming with it.

Have a pleasant evening.











SP 500 and NDX Futures Daily Charts - Richard Cory


Stocks were drifting a bit today, consolidating the big gains from the first day of March yesterday.

The ADP jobs number was better than expected this morning, which caused some to reflect on the coming Non-Farm Payrolls Report, and the likely actions of the Fed at their March FOMC meeting.

As I noted yesterday, traders are heavily hedging their stock positions in the options market. They seem to be pricing a 'big move' in to overall market stance. But I am wondering why this 'anecdotal evidence' is not showing up in the VIX, which is a measure of the difference in call and put option prices.

In other news, the ex-CEO and fabled 'father of US shale oil,' one of Oklahoma City's leading citizens, and NBA team co-owner Aubrey McCendon died last night in a fiery car crash.  Police are investigating.  There were no other cars involved, and no skid marks on the road.   Mr. McCendon went off the road in his car at a very high rate of speed.  They said he 'drove straight into a wall.'

Mr. Mcclendon had been indicted yesterday by the Justice Department with conspiracy in rigging the prices of oil leases and using loans to benefit his personal stakes in wells from the company.

Have a pleasant evening.










01 March 2016

Gold Daily and Silver Weekly Charts - Though the Darkness Hide Thee


"The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich.

Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

Tacitus, Agricola

Gold and silver held their own reasonably well in the face of a powerful technical rally in US equities, a 'risk on' moment wherein there was a rush to paper assets, led by gains in big financials and tech unicorns.

There was minimal delivery activity in The Bucket Shop yesterday, not even worth reporting.  There was a little shuffling of bullion in the warehouses;  silver continues leaking out.  And it bears watching, because the central banks do not have any.

The US doleur du monde continued to add a little to its rally, as noted in the chart below.

Have a pleasant evening.