Stocks and Precious Metals Charts - Lawlessness - Non-Farm Payrolls Report Tomorrow

"The sense of responsibility in the financial community for the community as a whole is not small.  It is nearly nil.  Perhaps this is inherent.  In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it.  So the wise in Wall Street are nearly always silent.  The foolish thus have the field to themselves.  None rebukes them."

John Kenneth Galbraith, The Great Crash of 1929


“Beware of false prophets, who come to you in sheep’s clothing, but underneath are ravenous wolves. By their fruits you will know them. Do people pick grapes from thornbushes, or figs from thistles? Just so, every good tree bears good fruit, and a rotten tree bears bad fruit. A good tree cannot bear bad fruit, nor can a rotten tree bear good fruit."

Matthew 7:15-18


"Fear not, little flock, for your Father's delight is to welcome you into His Kingdom."

Luke 12:32

Stocks pushed higher again today, buoyed by the billions in cheap liquidity that the Fed has been delivering to Wall Street.

The hope is that the higher stock prices will insulate and validate Trumpolini as his impeachment trial approaches.  As for the rest of them it is greed, all the time, as always. 

Gold is holding support at 1550.  Let's see if it can continue to do so through the Non-Farm Payrolls report tomorrow.

Protect yourselves. And be cautious not only with your property, but more importantly, with your hearts and minds.

Have a pleasant evening.

Stocks and Precious Metals Charts - Schlock and Awe - Hubris That Knows No Bounds

"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."

John Kenneth Galbraith


“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”

Søren Kierkegaard


"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us."

Chalmers Johnson

If you ever wondered why the US encouraged and fostered the growth and maintenance of the Wall Street Banks, despite their corrupt and criminal excesses, now you know. They are the new dreadnoughts of global capitalism and financial warfare.

I don't want to appear gloomy or to waste time restating the obvious.

So I will only say that we have a long, difficult road ahead of us.

Have a pleasant evening.

Stock Futures Plunge, Gold Tops $1600

Iran has launched ballistic missile strikes at US troop bases in Iraq.

Stocks dropped sharply, while gold briefly shot up to $1612.

The 'rescue mission' for equities is already underway.

Let's see how things go tomorrow.

Stocks and Precious Metals Charts - Our Poisoned Chalice

“In a sense, blowback is simply another way of saying that a nation reaps what it sows. Although people usually know what they have sown, our national experience of blowback is seldom imagined in such terms because so much of what the managers of the American empire have sown has been kept secret.

Even an empire cannot control the long-term effects of its policies. That is the essence of blowback.”

Chalmers Johnson, Blowback


"...we but teach
Bloody instructions, which, being taught, return
To plague the inventor: this even-handed justice
Commends the ingredients of our poisoned chalice
To our own lips."

Shakespeare, Macbeth


"And one day, too late, your principles, if you were ever sensible of them, all rush in upon you.  The burden of self-deception has grown too heavy...

Now you live in a world of hate and fear, and the people who hate and fear do not even know it themselves; when everyone is transformed, no one is transformed.   Now you live in a system which rules without responsibility even to God.  The system itself could not have intended this in the beginning, but in order to sustain itself it was compelled to go all the way.”

Milton Mayer, They Thought They Were Free

Stocks were a bit wobbly today, and the expectation of another push higher dissipated fairly early on.

Gold and the Dollar and silver all moved higher today in what appeared to be a 'risk off' move to safer waters.

The spokesmodels on financial TV had their pom poms out and were leading the cheers, but the crowd seemed as listless as the cheerleaders seemed to be desperate.

We may have reached that phase in the market rally where the insider money is looking to complete the hand off of the inflated assets to the public.

Don't worry though. There is an Internet of carnies and con-men who will gladly tell you whatever you wish to hear, and especially whatever message that their handlers and self-interests wish them to deliver.  Until their true believers get knee-capped by reality.

If you have profits lingering from the stock market rally from last year, now might be the time to trim your sails, and put profits aside in some safer places.

The Fed was enormously generous, even to a fault, in opening the floodgates and smothering the Wall Street Banks in piles of newly 'printed' money, sparking a late stage blowoff top in financial assets late last year.

But for all the obvious reasons this cannot last. And the consequences of this may be inbound, along with those from other follies of our elite.

I continue to believe that many things will be revealed and made clear by July of this year. The cards seem to be falling that way.

But for now, let's just be watchful and waitful.

Get right and sit tight.  And keep your eyes and ears open.

Have a pleasant evening.