Stocks and Precious Metals Charts - Not with a Bang but a Whimper

“But man, proud man,
Dressed in a little brief authority,
Most ignorant of what he's most assured—
His glassy essence—like an angry ape
Plays such fantastic tricks before high heaven
As makes the angels weep.”

William Shakespeare, Measure for Measure


"The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.”

Hannah Arendt, The Origins of Totalitarianism


“It isn't that they can't see the solution.  It is that they can't see the problem.”

Gilbert K. Chesterton

Trump speaks tonight about the coronavirus situation.

Gold and silver continued to trade heavily in the aftermath of the latest Comex option expiration manipulation.

Silver has had a bit of a hard go of it, thanks to this expiration being in an active month for silver.   Gold not so much.

Stocks attempted to rally, again, but failed back to finish at a small loss.

In the last hour of trading there was a contest on financial TV to see who could say the more banal and misleading things about the stock market, while calling for Fed rate cuts immediately if not sooner.

Socialism for the corporations, austerity for the people.  Bought and paid for in corruption by the moneyed interests.

Have a pleasant evening.

Sto

Stocks and Precious Metals Charts - Stocks Plunge for a Second Day -- Comex Metals Option Expiration

"‘Let not the worldly boast of their knowledge, or the powerful of their influence, or the wealthy of their possessions.   Rather, let those who wish to boast speak only if they know me, and understand that I am the Lord, the God of an unfailing love, who brings justice and righteousness to the earth— and that it is in these things that I truly delight.'"

Jeremiah 9:22-25


"The coronavirus is very much under control in the USA.  We are in contact with everyone and all relevant countries. CDC and World Health have been working hard and very smart.   Stock Market starting to look very good to me!

Donald Trump, Monday, 24 February 2020

It should look even better after today.

The bulls were trying to rally stocks higher after the 3% down day yesterday.

And they were making some headway, until the CDC issued a warning of a pandemic, and its likely spread with the US.  Duh.

This was a likely outcome to anyone who has been following the facts of the developing situation, and not blindly buying the lavishly financed narratives of Wall Street's stock touts and conmen.

Speaking of which, the safe havens gold and silver were shamelessly hammered lower, particularly in the last hour, in honor of the Comex option expiration today for the precious metals. Isn't strafing the lifeboats considered bad form among a civilized people?

Are we not exceptional?  Are you not entertained?

Have a pleasant evening.

Stocks and Precious Metals Charts - Trump In India: Orange is the New Saffron - Stocks Blindsided By Reality

"Reality is that which when you stop believing in it, it doesn't go away."

Philip K. Dick


"I'm not crazy about reality, but it's still the only place to get a decent meal."

Groucho Marx

Stocks were utterly hammered today in the US, as the realization that the coronavirus is a serious exogenous effect on the global ecnomy has finally penetrated the exceptionalism of the Wall Street elite and their handmaidens in the media.

What a surprise. Who could have seen this coming? Especially when they had their eyes squeezed shut.

The coronavirus is highly contagious and partiicularly tough to contain. Thank God that so far it seems to have a low mortality rate, as pandemic viruses go.

I think the fragility of the system as it is may be magnifying its effects.  And the general nuttiness of the corporate media, clickbait sites, and a sizable minority of the public for whom reality is just an optional viewpoint.

The safe havens caught an obvious bid, with gold rising to $1690 before *someone* decided to dump a billion or so in contracts on the market.

Oh yeah, there will be a Comex Option expiration for March tomorrow.

For gold March is a relatively light contract, compared with April which is a much bigger month this time of year.

Not so for silver, with March being a much more significant expiration.

Still, any excuse for a solid market manipulation. One thing you can say for our financial class— they are almost never too lazy to steal.

I suspect we will be seeing a rather volatile market over the next month or two, or more.

The spokesmodels kept asking today if the decline was 'orderly' and when would the Fed intervene.

Orderly means much more downside in the weeks ahead, if they don't know it. It is going to take a panic to set a bottom in this latest manifestation of the bubble economy created by and for the financial class.

Trumpolini has taken his show on the road, and is conducting his latest rally in a stadium in India.

Why not?

Year-to-date assets chart below.

The world and its servants do not love you.

They lie to you, and cheat you, to enslave you, first by hate, and then by fear.

Remember who you are, the light you follow, and to whom it is that you belong, always.

Have a pleasant evening.

Sunday Evening - Lead Kindly Light

Lead, kindly Light, amidst the grey and gloom
The night is long and I am far from home
Here in the dark, I do not ask to see
The path ahead— one step enough for me
Lead on, lead on, kindly Light.

I was not ever willing to be led
I could have stayed, but I ran instead
In spite of fear, I followed my pride
My eyes could see, but my heart was blind
Lead on, lead on, kindly Light.

And in the night, when i was afraid
Your feet beside my own on the way
Each stumbling step where other men have trod
Shortens the road leading home to my God,

Lead on, lead on,
My God, My God,
Lead on, lead on, kindly Light.

Audrey Assad, based on The Pillar of the Cloud by J. H. Newman

The world and its servants do not love you.  Far from it.

They lie to you, and seek to cheat you, and enslave you, first by hate, and then by fear.

Remember who you are, what light you follow, and to whom it is that you belong, always.

“May He support us all the day long, till the shades lengthen and the evening comes, and the busy world is hushed, and the fever of life is over, and our work is done.

Then in His mercy may He give us a safe lodging, and a holy rest, and peace at the last."

J. H. Newman