The Price of Gold Compared to the US 'King Dollar' Index

Here is a comparison of the US Dollar DX Index and the price of Gold in US Dollars.

There is a fairly reliable inverse correlation. That means when the dollar moves higher, gold tends to move lower. And vice versa.

This does not have to be the case. It just sometimes works out that way.

The true corrleation may very well be considered a positive one to some currency component of the DX index, such as the Euro.

Sometimes both values, gold and the Dollar, move together, especially during periods of risk stress when both gold and cash dollars may act as safe havens.

Stocks and Precious Metals Charts - It's Worse Than You Think

Nero Addressing the Senate: Ancient Rome Rise and Fall of an Empire

"What is objectionable, what is dangerous about extremists, is not that they are extreme, but that they are intolerant.  The evil is not what they say about their cause, but what they say about their opponents."

Robert Kennedy


"Fundamentally, narcissists are stuck emotionally at the approximate development stage level of a three-year-old, and consequently they lack the most basic ability to care about the feelings, needs, and perspectives of others.  Yet, as savvy adults, their powers of manipulation are off the charts… feeling sorry for the narcissist is an invitation to being abused and victimized-idealized, devalued, and rejected; or, worse, agonizingly anchored."

Julie L. Hall


"Narcissists have secret lives.  They lie effortlessly.  They are two faced-appearing with a perfect public image that most people believe."

Linda Martinez-Lewi


"It seems that under the overwhelming impact of rising power, humans are deprived of their inner independence and, more or less consciously, give up establishing an autonomous position toward the emerging circumstances.  The fact that the foolish person is often stubborn must not blind us to the fact that he is not independent. In conversation with him, one virtually feels that one is dealing not at all with him as a person, but with slogans, catchwords, and the like that have taken possession of him. 

He is under a spell, blinded, misused, and abused in his very being. Having thus become a mindless tool, the stupid person will also be capable of any evil and at the same time incapable of seeing that it is evil. This is where the danger of diabolical misuse lurks, for it is this that can once and for all destroy human beings."

Dietrich Bonhoeffer


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

Ephesians 6:12

Stocks were walked up again today, keying in on the SP 500 futures.

Interestingly the dollar was walked up a bit as well, with gold and silver falling commensurately.

I am puzzled about the support for the dollar at these levels. It is not clear to me what officialdom is thinking, since a weaker dollar is so obviously favorable to real economic recovery.  Even Trumpolini understands that.

But some do benefit from it, and one has only to follow to money to see who it is that they are.

We have so many soulless people in positions of power now that when evil makes its presence public it just fills the void and has its way with them.  And the weak willed and the morally indifferent follow.   Such is the root of our misery.

The rest of the world is deeply concerned, as well they should be. We would be more concerned if we were not so close to it. We are taking more and more outrageous things in stride.

This is nothing new in history, of course.  But the moral vacuum is of an ascendant size and quality now that is seen only once in a generation or two.   And the results of this are often memorable.

'And they were utterly astonished, for they did not understand the miracle of the loaves, because their hearts were hardened.'

Have a pleasant evening.

US Dollar Very Long Term Chart

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin.  But both are the refuge of political and economic opportunists."

Ernest Hemingway

Stocks and Precious Metals Charts - Bumpy Road Ahead - Prepare for Shocks

I get the definite sense from the tape of the SP 500 futures trading that stocks are being slowly and carefully 'walked higher' from the recent lows.

This could be effective as long as the markets remain relatively quiet and no exogenous macro events intrude.

So from the bearish standpoint, now is a time to stand aside and wait for this to play itself out. It is not likely to be sustainable, but in the short run it is folly to fight the Plunge Protection Team.  They are, after all, playing against you with your own money.

An interesting mix of Wall Street denizens, from felons to High Frequency traders to mom and pop retail firms are looking to start a new stock exchange to rival the NYSE.  Here is what Wall Street On Parade has to say about it: Wall Street Felon and High Frequency Traders Announce Plan to Form Stock Exchange.

Gold and silver moved higher today on the back of a weaker Dollar. 

Trumpolini's address to the nation last night was toothless and odd.  He seems to be running a little short, on what exactly I am not quite sure.   His meeting with his equally unattractive political counterparts, Schumer and Pelosi, was exceptionally fruitless and juvenile.

Life imitates high school.

The Uber and Lyft IPOs seem to be stalled by the government shutdown.   There is a window for these pigs to attempt to fly, and it may be closing quickly if they do not hurry themselves along.

Brexit is a risk factor that seems to be underweighted for now. We'll know how that may play out in about eighty days or less.

I have a bad feeling about this year. Maybe it is just the after effects of this wretched cold, but I am concerned now in a way that I have not been before.

Have a pleasant evening.