Stocks and Precious Metals Charts - Metamorphoses

'And the people who belong to the World worshiped the Beast.'

"It was a day of surprises, a day that solved past riddles and suggested new ones, a day of startling revelations, and still more hopeless perplexity...  It all ended in a way no one could have expected. Indeed it was a day of most extraordinary coincidences."

Fyodor Dostoevsky, Demons


“Thus did a handful of rapacious citizens come to control all that was worth controlling in America.  Thus was the savage and stupid and entirely inappropriate and unnecessary and humorless American class system created.  Honest, industrious, peaceful citizens were classed as bloodsuckers, if they asked to be paid a living wage.

And they saw that praise was reserved henceforth for those who devised means of getting paid enormously for committing crimes against which no laws had been passed. Thus the American dream turned belly up, turned green, bobbed to the scummy surface of cupidity unlimited, filled with gas, went bang in the noonday sun.”

Kurt Vonnegut, God Bless You, Mr. Rosewater


"...we had come to the stage where for our people what was needed was a real democracy; and of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of a plutocracy."

Theodore Roosevelt, Autobiography


Margaret Roper:   Haven't you done as much as God can reasonably want?

Thomas More:    Well, finally— it isn't a matter of reason.   Finally, it's a matter of love.

Robert Bolt, A Man For All Seasons


“Stand up for what you believe, even if you are standing alone.”

Sophie Scholl

Stocks tried to break out above the overhead resistance today, but failed and fell back to end the day largely unchanged. Tech managed to hold a little gain.

Gold and silver and the Dollar were higher today, as the appetite for financial asset risk waned a bit.

There is no sustainable recovery. Just the continuous drip, drip, drip of Fed assistance to Wall Street and its Banks.

So what do you want to do tonight, Marty?

Stay beautiful.

Have a pleasant evening.

Stocks and Precious Metals Charts - Plutocracy Plundering on a Sea of Change

"Day by day the money-masters of America become more aware of their danger, they draw together, they grow more class-conscious, more aggressive.  The [first world] war has taught them the possibilities of propaganda; it has accustomed them to the idea of enormous campaigns which sway the minds of millions and make them pliable to any purpose.

American political corruption was the buying up of legislatures and assemblies to keep them from doing the people's will and protecting the people's interests; it was the exploiter entrenching himself in power, it was financial autocracy undermining and destroying political democracy. By the blindness and greed of ruling classes the people have been plunged into infinite misery."

Upton Sinclair, The Brass Check


"Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction."

Erich Fromm


“We must alter our lives in order to alter our hearts, for it is impossible to live one way and pray another.

If you have not chosen the kingdom of God first, it will in the end make no difference what you have chosen instead.”

William Law

Stocks had a wide-ranging day, driven to and fro by macroeconomic and geopolitical rumors, on a sea of Fed-provided liquidity.

The Dollar finished lower as gold and silver were slightly higher.

There is room for thought on the charts this week regarding how the wiseguys might be trying to play the price of gold and silver, in anticipation of the December futures contracts options expiration next Monday, November 25^th.

Stocks seem rather fully valued here. But value is relative, and the Dollar is the yardstick, heavily seasoned with duplicity and coercion.

Have a pleasant evening.

The Primary Trend in The Gold Market

The wiggles and trading dodges can tend to obscure the intermediate trend in the price of gold.

Stocks and Precious Metals Charts - Life on the Tails of Risk - Stocks Rally (Again) on Willful Trade Optimism

"Narcissus so himself, himself forsook,
And died to kiss his shadow in the brook."

William Shakespeare, Venus and Adonis


"Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."

London Banker, Lies, Damn Lies, and Libor


"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 0.3 percent on November 15, down from 1.0 percent on November 8. After this morning's retail trade releases from the U.S. Census Bureau, and this morning's industrial production report from the Federal Reserve Board of Governors, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 2.1 percent and -2.3 percent, respectively, to 1.7 percent and -4.4 percent, respectively."

Federal Reserve Bank of Atlanta, GDPNow

We are drawing closer to a break in the markets, and perhaps a lapse in the prevailing economic and political narratives that have supported the predatory growth of the corporate oligarchy.  Hi ho.

Stocks reached new highs today on renewed optimism of trade talks and unicorns.

The havens including the Dollar and Gold were weaker.

We are approaching another blow off top for Wall Street compliments of the Fed and their Banks, and their mouthpieces in the financial media.

And no one will have been able to see it coming, right?

Have a pleasant weekend.