Stocks and Precious Metals Charts - A Banquet of Consequences

"My cyclical calculations and trend forecasts suggest that July 2020 may be a decisive, if not pivotal, period in our time."

Jesse, Le Cafe Americain, 26 February 2019


"Sooner or later a crash is coming.  And it may be terrific."

Roger Babson, Sept. 15, 1929


“Woe to you, scribes and Pharisees, hypocrites! For you are like whitewashed tombs, which outwardly appear beautiful, but within are full of dead people's bones and all manner of uncleanness. So you also outwardly appear righteous to others, but within you are full of hypocrisy and lawlessness."

Matthew 23:27


"My heart is restless until it rests in you my God."

Augustine of Hippo

Stocks managed to turn around early weakness, and squeezed out a minor gain.

The Dollar was up, gold was down, and silver was off doing its own breakout thing.

I do not know exactly how it might unfold, but I suspect that 2020 may be a significant time in our recent history.

And I will be surprised if we get out of this year without another major market correction on the order of 10 perent or more.

Trump is slowly imploding.  And he may cause our lawmaking elite to rethink the terms of the imperial Presidency.  I don't think he will be re-elected in 2020 if he runs.   And I believe that there is a real possibility that he may not finish this full term.

But that's just my opinion, and I could be wrong.

Take comfort in knowing that while life exists, it is never too late to be what you might have been.

Repentance, forgiveness, thankfulness.

Have a pleasant evening.

Stocks and Precious Metals Charts - Hi Yo Silver - Silver Breaks Out

"Real journalism is different from the gossip, punditry and clickbait that dominates today’s news. Real journalism, in the words of Joseph Pulitzer, is the painstaking reporting that will “fight for progress and reform, never tolerate injustice or corruption, [and] always fight demagogues”. Pulitzer said journalism must always “oppose privileged classes and public plunderers, never lack sympathy with the poor, always remain devoted to the public welfare, never be satisfied with merely printing news, always be drastically independent, never be afraid to attack wrong, whether by predatory plutocracy or predatory poverty”.

When we have had real journalism, we have seen crimes like Watergate exposed and confronted, leading to anti-corruption reforms. When we have lacked real journalism, we have seen crimes like mortgage fraud go unnoticed and unpunished, leading to a devastating financial crisis that destroyed millions of Americans’ lives."

Bernie Sanders, The Media Today

Here are the charts.

Silver has broken out.

Gold is setting its mark higher again.

Stocks were lackluster.

Bill Dudley is always and everywhere a sycophantic tool.

In general, the news and commentary is full of people who are crooks and liars, and just plain nuts.

Try to refrain from joining in. 

You will stand to account for all that you say and do.   Of this you may be as sure.  

You can rehearse all the witty justifications, flippant remarks, and clever arguments that you wish.    But when the time comes to present them, and your naked self, before almighty God, I suspect that they will seem a bit thin.

They will be worth nothing then, as they are now.

So now is the time to cast your prideful selfishness asie, and accept the three great gifts of repentance, forgiveness, and thankfulness.

For what does it profit a man, to gain the whole world, but lose themselves.

Have a pleasant evening.

Silver Breakout Targets $22

Provided that the silver breakout is confirmed and holds $18, a target for this range breakout targets $22.

A similar breakout attempt failed around August of 2017 as you can see on this chart.

It must be noted that in a major stock market liquidity event, silver is like to take a drop in price because of its 'industrial component.'

Stocks and Precious Metals Charts - Woe to You, Scribes and Pharisees, You Hypocrites - The Seven Woes

"Cass shipments index has gone from “warning of a potential slowdown” to “signaling an economic contraction.” This indicates US GDP growth turns negative in Q3 or at latest Q4. World shipping data already confirming word trade slump deepening even before Trump tariffs."

Dr Harald Malmgren


"Hot money seeks out the conscious mispricing of risk.  Capital, in the form of both money and personal talent, increasingly flows into malinvestment and the gaming of markets.

The productive economy languishes, left wanting for the lack of creative resources and attention.  The bubble rises to unsustainable valuations— and fails, and a nation's capital is consumed.  The next five years are not about winning, but surviving."

Jesse, 5 August 2019

Citigroup dumped the gold contracts from its house account on Friday. The clearing report is below.

We will be having a minor Comex precious metals options expiration tomorrow.

Stocks and the metals went on a wild ride last night, in the latest episode of our bipolar President's trade war.

I spent a fruitful day taking Dolly to the groomer. She is pouting on her pillow, but very glad to be home.

Earlier this morning I did a minor rebuild on the carburetor and put a new fuel line in my Husqvarna chainsaw.  The old fuel line pretty much fell apart.  No wonder it would not start.  lol.

The weather has turned glorious, an early taste of autumn. I am making borscht with beef bones and beets today, to be served cold with diced onion and sour cream. Yum.

Have a pleasant evening.