Stocks and Precious Metals Charts - Reckless Disregard - Complacently Into the Storm

"Most Americans are certainly aware a deadly coronavirus broke out in China and has spread around the world, including to the U.S.   Far fewer Americans know the Trump White House’s war on 'the administrative state' (really on those parts of the federal government that don’t serve concentrated wealth and power or that punish the working and lower classes) has rolled back the federal government’s ability to respond effectively to pandemics.

Trump has slashed funding for the federal Centers for Disease Control and Prevention and its infectious disease research.   For 2020, he proposes cutting the CDC budget by $1.3 billion, 20% below the previous year’s level, raising serious concerns among public health experts about the nation’s capacity to protect the citizenry against a deadly contagion."

Paul Street


"It is not possible to found a lasting power upon injustice, perjury, and treachery. These may, perhaps, succeed at first, and limp along on hope for awhile with a flourishing appearance.  But time betrays their weakness, and they eventually fall into ruin of their own designs."

Demosthenes


"Be not deceived, for God is not mocked. Whatever a man sows, so shall he reap."

Galatians 6:7

Stocks were weak most of the day, but managed to ride buying programs into the green in the last twenty minutes of trading.

Pretty confident programs, buying into a three day weekend with black swans a-swirling.

Gold finished higher as did silver.

Gold is pushing fairly hard against that breakout treandline resistance.

At some point I expect it just might get some traction against all this pressing down, and moving somewhat briskly higher.

The Dollar is overbought.

Madness. All of it.

May God have mercy on us for our selfishness and pride.

Have a pleasant weekend.

Stocks and Precious Metals Charts - Prop 'Til You Drop - Saving The Recovery™

“I feel that the dormant goodwill in people needs to be stirred.  People need to hear that it makes sense to behave decently or to help others, to place common interests above their own, to respect the elementary rules of human coexistence.

Truth and love will overcome lies and hatred.”

Vaclav Havel


"The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true.  It really happened.   These suspicions are valid.”

Neil Barofsky, TARP Inspector General


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

The narcissistic orientation is one in which one experiences as real only that which exists within oneself, while the phenomena in the outside world have no reality in themselves, but are experienced only from the viewpoint of their being useful or dangerous to oneself."

Erich Fromm

And it is happening all over again.

Stocks were slumping badly overnight, on the brief realization that the scope of the threat to the global economy by the coronavirus is being widely and deeply mispriced.

But as the day wore on in New York, denial once again held the day.

And the market lifted, almost miraculously and steadily, once again.

Do you seriously doubt that the US stock market is being propped up, and at the urging and direction of the White House?

The equity market is the keystone of Trump's miraculous economic recovery.

Do you think for a moment that he and his minions would hesitate to pressure the Fed, the Banks, the Treasury, and the other members of the Exchange Stabilization Fund to push the SP futures higher at ever turn?

And does anyone think that the consciences of those doing this are bothered at all, considering the economic carnage and collateral damage to innocent people that is likely to follow the collapse of this latest financial asset bubble?

All they care about in the short term is maintaining their deceptions and power, in order to become even more rich than they already are.

Well done.

Have a pleasant evening.

Stocks and Precious Metals Charts - No One Can See It Coming - Coronavirus 'Gathering Steam'

“Some people want to see God with their eyes as they see a cow, and to love Him as they love a cow - for the milk and cheese and profit it brings them. This is how it is with people who love God for the sake of outward wealth or inward comfort. They do not rightly love God, when they love Him for their own advantage.”

Meister Eckhart


"Nothing in all of creation is hidden from the sight of the Lord.   Everything is uncovered and laid bare before the eyes of Him to whom we will some day give an account."

Hebrews 4:13

Stocks were off to the races again today, closing out near the highs, on optimism about nearly everything.

The US Dollar moved higher.

The precious metals retreated a bit.

Stocks are at quite a distance above their 200 day moving averages.

You may wish to prepare for a period of relative self-sufficiency in your home, as unlikely as that may seem to be for us now.

One would surely do as much in the event of an approaching storm for example.  They seem to do that here every time a snowflake falls.

The coronavirus seems to be 'gathering steam.'

Hope for the best, but prepare for the worst as they say.

Love God as He loves you, and be not afraid.

I remember you all in my prayers, as I hope you remember me.

Have a pleasant evening.

Stocks and Precious Metals Charts - What Has Been Hidden Will Be Revealed

“Our country’s cheerleaders are wedded to the notion of American exceptionalism.  But when it comes to the machinations of power, we are all too similar to other societies and ones that have come before us.  There is an implacable brutality to power that is familiar throughout the world and throughout history.”

David Talbot, The Devil's Chessboard


"Another cause of today's instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.  These are free of political controls and social responsibility, and they have largely monopolized power in Western Civilization and in American society.

They are ruthlessly going forward to eliminate land, labour, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.  The only element of production they are concerned with is the one they can control: capital."

Carroll Quigley, The State of the Individual


"In a sane and functioning American republic, this budget would be more than political suicide.  It would be the political equivalent of doing a Rasputin to yourself.   I mean, leaching funds from Medicare?  Cutting the CDC in the middle of a pandemic?  Cutting the EPA by a full quarter of its present budget?  A ballooning deficit? There's something in there to enrage everyone from Bernie Sanders to Simpson and Bowles.

However, on the morning that the president dropped this dead fish on his own foot, people were lined up in the chill rain to attend his rally tonight, at which he will lie barefaced about everything in that budget.  And they will eat up the lies in buckets because this is not a sane and functioning American republic any more."

Charlie Pierce, Trump's Budget: Cutting the CDC in the middle of a pandemic is not viable in a functioning republic


"Journalism is one of the devices whereby industrial autocracy keeps its control over political democracy; it is the day-by-day, between-elections propaganda, whereby the minds of the people are kept in a state of acquiescence, so that when the crisis of an election comes, they go to the polls and cast their ballots for either one of the two candidates of their exploiters."

Upton Sinclair, The Brass Check

In short, we have lost public control over the creation and distribution of our money, and it has fallen into the hands of very clever and determined people without conscience.

Stocks rallied hard in the morning, but faded badly into the afternoon as the euphoria of Davos man returned to a more ordinary consideration of our circumstances.

Gold and silver gained back much of their early losses. The Dollar gave up much of its early gains.

"Gold is at all-time highs versus 2011 in: Aussie Dollar, Canadian Dollar, Euro, Pound, Yen and Rupee.  It is ~ 20% below it’s all time high in US Dollar.  Wait for it——   When we take out $1,900 the world changes."

Lawrence Lepard

Things may not always be as they are portrayed for us. Let us just leave it at that for now.

I am informed that N95 and better filtration face masks do offer some protection from viruses. Not the ordinary surgical masks however.

As you might expect there already has been a 'run' on face masks even here in the US. Some jokers have been buying them up in size, with intentions of selling them at usurious markups later on places like eBay and Amazon.  Nice.

Never fear.  I am sure Trump and His Merry Pranksters have a plan for protecting us all.  Besides cutting funding for medicare and the CDC.  

All four US prosecutors in the Roger Stone witness-tampering and obstruction of justice case have quit from that case after political interference weighed in on the sentencing process.

There is a virtual riot of bad governance around the globe. Not only in the so called third world, as is traditional, but in many of the developed nations, and especially among those that are no longer very developed, but are merely faking it.

One might say that lying and the breaking of oaths by the self-appointed elite has become fashionable. All the worst people are doing it.

And the contagion for this abuse of office is carried through force and example by the great empire of power wielding sociopaths.

Things that have been hidden will be revealed.

Have a pleasant evening.