14 June 2019

Stocks and Precious Metals Charts - The Gathering Storm - King Dollar, La Douleur du Monde


“God whispers to us in our pleasures, speaks in our consciences, but shouts in our pains.  It is his megaphone to rouse a deaf world.”

C.S. Lewis


"The Lord is my light and my salvation; whom shall I fear? the Lord is the strength of my life; of whom shall I be afraid?"

Psalm 27

Stocks moved sideways today.

Gold and silver both rallied strongly overnight and in the morning.

They both fell to a much stronger dollar in the afternoon.

Next week will be the FOMC meeting and the week after that the G20 meeting in Osaka.

Both events, along with the simmering geopolitial climate in the Mideast and South America, will most likely have a strong effect on the markets.

There will be a stock market option expiration next Friday.

Have a pleasant weekend.


13 June 2019

Stocks and Precious Metals Charts - Lead Kindly Light


Lead, kindly Light, amidst the grey and gloom
The night is long and I am far from home
Here in the dark, I do not ask to see
The path ahead— one step enough for me
Lead on, lead on, kindly Light.

I was not ever willing to be led
I could have stayed, but I ran instead
In spite of fear, I followed my pride
My eyes could see, but my heart was blind
Lead on, lead on, kindly Light.

And in the night, when i was afraid
Your feet beside my own on the way
Each stumbling step where other men have trod
Shortens the road leading home to my God,

Lead on, lead on,
My God, My God,
Lead on, lead on, kindly Light.

Audrey Assad, based on The Pillar of the Cloud by J. H. Newman

Stocks went sideways for the most part today, as risks in the world seemed to weigh on the markets.

Gold and silver caught a bid, with gold sticking a close over 1340.

The US has charged Iran with the attacks on the two Japanese tankser in the Strait of Hormuz, while the prime minister of Japan was meetin with them in Tehran. No evidence was provided.

Have a pleasant evening.



















12 June 2019

Stocks and Precious Metals Charts - The King In Yellow


"To the pure all things are pure, but to the corrupt and unbelieving nothing seems pure. Their very minds and consciences are corrupted.  They profess to know God, but they deny him by their actions.  They are disobedient and unfit for any good work."

Titus 1:15-16


"Money, again, has often been a cause of the delusion of the multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper."

Charles Mackay


“'The ambition of Caesar and of Napoleon pales before that which could not rest until it had seized the minds of men and controlled even their unborn thoughts,' said Mr. Wilde. 'You are speaking of the King in Yellow,' I groaned, with a shudder."

Robert W. Chambers, The King in Yellow

Stocks attempted to rally but failed, again, for the third day.

They must gather themselves together and go forward, or risk falling back to test the lows.

Gold and silver were up slightly, as was the Dollar.

The markets seem to be betting heavily on a Fed rate cut.

It will be interesting to see how they react if they do not get this, or assurances of a near term cut, next week at the FOMC meeting.

Have a pleasant evening.



11 June 2019

Stocks and Precious Metals Charts - A Rally That Failed, Again - JPM Rigging the Precious Metals Markets


"The arrest of Julian [Assange] marks the official beginning of the corporate totalitarianism and constant state surveillance, now far advanced in China, that will soon define our lives. The destruction of all protection of the rule of law, which is what we are witnessing, is essential to establishing an authoritarian or totalitarian state.

There has been a coordinated smear campaign against Julian by our Thought Police, one that is amplified by the very media organizations that published WikiLeaks material. The campaign was detailed in a leaked Pentagon document prepared by the Cyber Counterintelligence Assessments Branch and dated March 8, 2008.   The document called for eradicating the 'feeling of trust' that is WikiLeaks’ 'center of gravity' and destroying Julian’s reputation.

There is nothing like the boot of the oppressor on your neck to give you moral clarity."

Chris Hedges, The Thought Police Are Coming


"In the last days perilous times shall come. For men shall be lovers of their own selves, covetous, boasters, traitors, heady, high-minded having a form of godliness, but denying the power thereof. Evil men and seducers shall wax worse and worse, deceiving and being deceived.

This is the way in which he conceals from you the kind of work to which he is putting you; he promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them.

He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."

John Henry Newman, The Time of Antichrist


"The most important problem in the world today is your soul, for that is what the struggle is about."

Fulton J. Sheen

There are many things that one can worry about.  There are many possessions people covet, associations and access that they treasure, and credentials that they flaunt and wear so proudly.

In the end there will be only one thing that really matters.

Stocks were attempting to rally from the early monrning hours today, and the spokesmodels had their pom poms out and were doing backflips.

But alas, it once again proved to be just another illusion of The Recovery. But we do love our illusions.

This is the second rally attempt that failed badly into the close.

Gold and silver were hit early with silver maintaining its balance. Gold came back into the close.

Despite the clean bill of health given by Obama's CFTC in their summary finding, it appears that JPM may be risking another felony for manipulating the precious metals markets over a period of years.

The merry marketeers are hoping for a rate cut from the Fed next week.  The first rate cut that we see may signal that the beginning of the end is at hand.

Need little, want less, love more. For those who abide in God abide in love, and love in them.

Have a pleasant evening.