Stocks and Precious Metals Charts - Weighed and Found Wanting - Stock Market Option Expiration Tomorrow

"Do you not know that to whom you give yourselves as servants, their servants you become, whether servants of a corruption unto death, or of a righteousness unto life?"

Romans 6:16


"You are of your father the devil, and your will is to fulfill your father's desires.  He was a murderer from the beginning, and does not stand with the truth, because there is no truth in him.  When he lies, he speaks from his own character— for he is a liar and the father of lies."

John 8:44

Stocks declined hard about 11 AM today.

There was a strong print on the Philly Fed that had stocks rallying.

But the headlines from China and other regions showed, at least to the ever observant algos, that the current narrative of the elites about this coronavirus is so much wind.

It is a major exogenous force that should not be ignored.

I strongly suspect that Trumpolini and his Merry Pranksters, along with the usual serial felons on Wall Street, are  propping up the market, because this is his premier accomplishment.

Do you think that he or his minions would hesitate for one minute to do this? 

It is a bubble, and now becoming a ponzi scheme for the transfer of wealth, again.

The Fed and others in possession of a voice for speaking out are complicit in this, for the obvious reasons of cowardice and greed.

At some point the stock market is going to dump, and hard.    Much worse than the fourth quarter of last year, at which time the Fed kicked in billions of 'not-QE.'

I suspect the usual suspects would like to string this out until after the November election, but I don't think they can do it.

And so we have a quiet flight to safety in gold, and to the Dollar. 


Have a pleasant evening.

Stocks and Precious Metals Charts - Children of Moloch, Children of God - Option Expiration Friday

Moloch, God of Wealth and Child Sacrifice

"And advanced forms of biological warfare that can 'target' specific genotypes may transform biological warfare from the realm of terror to a politically useful tool.   This is merely a glimpse of the possibilities inherent in the process of transformation, not a precise prediction ... the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event – like a new Pearl Harbor."

The Project For a New American Century, Rebuilding America's Defenses, 1997


"Such is the way with the multitude of men everywhere and at all times; they do not see the Image of Almighty God before them, and ask themselves what He wishes.  And, for the same reason that they do not please Him, they succeed in pleasing themselves.

For that contracted, defective range of duties, which falls so short of God's law, is just what they can fulfil; or rather they choose it, and keep to it, because they can fulfil it.

Hence, they become both self-satisfied and self-sufficient; they think they know just what they ought to do, and that they do it all; and in consequence they are very well content with themselves, and rate their merit very high, and have no fear at all of any future scrutiny into their conduct, which may befall them, though their religion mainly lies in certain outward observances, and not a great number even of them."

John Henry Newman, Dublin, 1856


"Thou shalt not sacrifice any of your children to the fires of Moloch, and thereby profane the name of your Lord, who is God.

Leviticus 18:21

Stocks went on a tear higher today on 'better than expected' housing permits. LOL

Gold and silver are taking a solid crack at breaking out.

Stock option expiration on Friday.

Have a pleasant evening.

Stocks and Precious Metals Charts - Puis Vient Le Déluge - Stock Option Expiration on Friday

 Le Déluge

"He who does not shout the truth when he knows the truth makes himself the accomplice of liars and frauds."

Charles Pierre Péguy


"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living.  Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia, 1516

Plus ça change, plus c'est la même chose.

Just charts tonight.

We were working on a home improvement project all day and most of the weekend.

We are finished, and I am knackered. lol

Gold, the dollar and silver all showed a flight to safety bid today.

We've only just begun.

Have a pleasant evening.

Stocks and Precious Metals Charts - Futures Updates on the Holiday Trade

"When the Pharisees heard that Jesus had arrived, they came and started to argue with him.  Testing him, they demanded that he show them a miraculous sign from heaven to prove his authority.  When he heard this, he sighed deeply from his spirit and said, 'Why do these people keep demanding a miraculous proof like this?  Amen I say to you, I will not give this generation any such sign.'  So he got back into the boat and left them, and crossed to the other side of the lake."

Mark 8:11-13

Although the cash markets are closed today for the President's Day holiday, the futures markets are open.

Stocks reversed quite a bit on the news that Apple is warning on its revenues due to the coronavirus.

What a surprise.

See you tomorrow.