23 January 2020

Stocks and Precious Metals Charts - Davos Man - Breathless In a Field of Karma


"One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them."

Thomas Sowell


"A man who lies to himself and listens to his own lie comes to a point where he does not discern any truth either in himself or anywhere around him, and thus falls into disrespect towards himself and others. Not respecting anyone, he ceases to love, and having no love, he gives himself up to passions and coarse pleasures.”

Fyodor Dostoevsky, The Brothers Karamazov


“What shall I say about this generation?  John the Baptist did not drink wine, and often went without food, and you called him mad.  And I, the Messiah, both eat and drink, and you say that I am a glutton and a drunk, and am friends with the worst sort of sinners. The truth of you will be known by your works."

Matt 11:16-19

Stocks finally managed to rally into the close, led largely by the narrowing advance of big tech.

This is starting to resemble the peak of the tech stock bubble. It is a rally to nowhere.

The Dollar also finished higher.

Gold gave up some of its gains but managed to close in the green. Silver gave up a little.

Both metals are coiling within a range, and may keep doing so into the FOMC and Comex option expiration next week.

Have a pleasant evening.





22 January 2020

Stocks and Precious Metals Charts - I See It Coming - And It Is Going to Leave a Mark


"Every insurance product created by the financial system—whether that be a sovereign bond, a fiduciary currency, a futures contract, a credit default swap, etc.—has counterparty risk.   Since all major financial institutions are nowadays connected, risk contagion is guaranteed.   An insurance against the financial system is, therefore, ideally to be found outside the financial system, namely, in gold."

Jan Nieuwenhujs

Stocks took a crack at rallying again, and failed.  Although they did manage to hang on to the opening.

Gold and silver were up slightly, while the Dollar was down slightly.

This is going to end badly.

Big changes are coming. What has been hidden will be revealed.

Rough seas ahead, mateys.

Have a pleasant evening.



21 January 2020

Stocks and Precious Metals Charts - In Time of Plague


"...The broken wall, the burning roof and tower
And Agamemnon dead."

W. B. Yeats, Leda and the Swan


"Beauty is but a flower
Which wrinkles will devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath closed Helen’s eye.
I am sick, I must die.
Lord, have mercy on us."

Thomas Nashe, A Litany In Time of Plague

Stocks came in weakly from the overnight trade, but found a bit of a toehold in the NY trading.

They managed to finish off nearly unchanged, but are looking tired and overbought.

The blame for this weakness was assigned by the spokesmodels to the appearance of the new Wuhan China viruswhich has made its first appearance in the US.

The cause is a virus. But it is a virus that has been growing and festering in the US for decades.  It is a virus of the mind and the heart, and if unresolved a sickness unto death.

Gold and silver finished off a bit along with the Dollar.

Gold was once again quite strong in the overnight trade, but was sold down again in the early hours of NY trading.

After the bell Netflix was off on a weaker than expected forecast for the first quarter.

What will break the bubble this time?   We are so forgetful, so faithless.

Have a pleasant evening.





Reprise: Those Willfully Blind to Lawlessness


Roland Freisler, Official of Lies and Lawlessness
"The perpetrators were scholars, doctors, nurses, justice officials, the police and the health and workers’ administration.

The victims were poor, desperate, rebellious or in need of help. They came from psychiatric clinics and childrens hospitals, from old age homes and welfare institutions, from military hospitals and internment camps.

The number of victims is huge, the number of offenders who were sentenced, small."

Commemorative Tablet at Tiergartenstraße 4, Berlin

Most people are unaware or simply overlook the actions of the German government that began in 1939, in which the State, with the active cooperation of the medical and legal professions, began the systematic murder of people who were physically and mentally inferior, at least according to the judgement of the State.

This was view as a necessary but 'lesser evil' for the prosperity of the fortunate.  And it was the beginning of a slide into the abyss.

Die Weiße Rose observes that 'German intellectuals fled to their cellars, there, like plants struggling in the dark, away from light and sun, gradually to choke to death.'

One cannot blame the educated class in some ways, since from the very beginning the National Socialists were backing their words with violent street thugs in brown shirts.   And as for the working class, they were easily manipulated in their lack of cunning and experience, and their stubborn foolishness.

But what is so contemptible is that many among the very wealthy and the highly trained professional classes threw themselves into the arms of the power or evil, thinking that they could control it and benefit from it for their own selfish purposes.

Selfishness and greed and fear.

But even if we rightfully condemn the failure of those whose obligation it is to speak, how often are we seeing this and ignoring it in our own time?

When the economy was very obviously building towards the financial crisis of 2008, how many economists were ignoring the bubble conditions, preferring to keep their noses in their statistics, a willful condition of 'data blindness.'

How many lawyers and politicians look at outrageous miscarriages of justice and say and do nothing?
How many of those who have been blessed by circumstances sit back and smugly attribute their good fortune to their natural superiority as a the new ubermenschen, superior people?

It is not safe to see too much, and even less safe for the career minded to speak out against the actions of powerful insiders who control the benefactions of position, and the perks of the privileged class.

It is much more judicious to hide one's nose in a selective book of statistics, ignoring the reality, and relying instead on being data blind or ideologically blind to what is really happening.

It is easier to say 'I didn't know of this injustice' and afterward, 'who could see such a thing approaching?'

And then to do it all over again.

The White Rose
Second Leaflet

Munich, 1942

We will not be silent.

It is impossible to engage in intellectual discourse with National Socialist philosophy, for if there were such an entity, one would have to try by means of analysis and discussion either to prove its validity or to combat it. In actuality, however, we face a totally different situation.

At its very inception this movement depended on the deception and betrayal of one's fellow man; even at that time it was inwardly corrupt and could support itself only by constant lies. After all, Hitler states in an early edition of "his" book (a book written in the worst German I have ever read, in spite of the fact that it has been elevated to the position of the Bible in this nation of poets and thinkers): "It is unbelievable, to what extent one must betray a people in order to rule it."

If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control. As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body.

The greater part of its former opponents went into hiding. The German intellectuals fled to their cellars, there, like plants struggling in the dark, away from light and sun, gradually to choke to death.

Now the end is at hand. Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system. When thus a wave of unrest goes through the land, when "it is in the air," when many join the cause, then in a great final effort this system can be shaken off.

After all, an end in terror is preferable to terror without end.

We are not in a position to draw up a final judgment about the meaning of our history. But if this catastrophe can be used to further the public welfare, it will be only by virtue of the fact that we are cleansed by suffering; that we yearn for the light in the midst of deepest night, summon our strength, and finally help in shaking off the yoke which weighs on our world.

We do not want to discuss here the question of the Jews, nor do we want in this leaflet to compose a defense or apology. No, only by way of example do we want to cite the fact that since the conquest of Poland three hundred thousand Jews have been murdered in this country in the most bestial way.

Here we see the most frightful crime against human dignity, a crime that is unparalleled in the whole of history. For Jews, too, are human beings - no matter what position we take with respect to the Jewish question - and a crime of this dimension has been perpetrated against human beings.

Someone may say that the Jews deserve their fate. This assertion would be a monstrous impertinence; but let us assume that someone said this - what position has he then taken toward the fact that the entire Polish aristocratic youth is being annihilated? (May God grant that this program has not yet fully achieved its aim as yet!)

All male offspring of the houses of the nobility between the ages of fifteen and twenty were transported to concentration camps in Germany and sentenced to forced labor, and all the girls of this age group were sent to Norway, into the bordellos of the SS!

Why tell you these things, since you are fully aware of them - or if not of these, then of other equally grave crimes committed by this frightful sub- humanity? Because here we touch on a problem which involves us deeply and forces us all to take thought.

Why do German people behave so apathetically in the face of all these abominable crimes, crimes so unworthy of the human race? Hardly anyone thinks about that.

It is accepted as fact and put out of mind. The German people slumber on in their dull, stupid sleep and encourage these fascist criminals; they give them the opportunity to carry on their depredations; and of course they do so.

Is this a sign that the Germans are brutalized in their simplest human feelings, that no chord within them cries out at the sight of such deeds, that they have sunk into a fatal consciencelessness from which they will never, never awake?

It seems to be so, and will certainly be so, if the German does not at last start up out of his stupor, if he does not protest wherever and whenever he can against this clique of criminals, if he shows no sympathy for these hundreds of thousands of victims. He must evidence not only sympathy; no, much more: a sense of complicity in guilt.

For through his apathetic behavior he gives these evil men the opportunity to act as they do; he tolerates this "government" which has taken upon itself such an infinitely great burden of guilt; indeed, he himself is to blame for the fact that it came about at all...

Please make as many copies of this leaflet as you can and distribute them.