Stocks and Precious Metals Charts - A Gathering of Vultures

"Be human in this most inhuman of ages; guard the image of man for it is the image of God.   Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable.   This is what too few are willing to see."

Thomas Merton, Raids on the Unspeakable


"As everything in what used to be called creation becomes a commodity, human beings begin to look at one another, and at themselves, in a funny way, and they see price tags.   There was a time when people spoke, at least occasionally, of 'inherent worth'— if not of things, then at least of persons."

Harvey Cox, The Market as God


“Evil when we are in its power is not felt as evil, but as a necessity, or even a duty."

Simone Weil


“There is nothing so threatening to systemic evil as those willing to stand against it regardless of the consequences.”

James W. Douglass, JFK and the Unspeakable: Why He Died and Why It Matters


“Just as it was in the days of Noah, so will it be with the coming of the Son of Man. People were eating, drinking, marrying and being given away in marriage, up until the very day that Noah entered the ark. Then the flood came, and swept them all away...

And they said to him, 'Where will this happen, Lord?'  And He said to them, 'Where death is, there will be a gathering of vultures.'”

Luke 17:26-27, 37

Stocks seem to be locked in a bipolar mania.

The administration will have to do a much better job of propping up the financial asset markets.

Gold and silver were sold once again.  Some of this could be asset liquidation to cover margin calls in other holdings.

Or it could just be more of the same old from the Banks who are heavily short, and who wish to pick up miners on the cheap for the next leg up in the gold bull market.

Have a pleasant evening.

Stocks and Precious Metals Charts - We Learn Nothing - Truth to Power

"A narcissist paints a picture of themselves as being the victim or innocent in all aspects. They will be offended by the truth.  But what is done in the dark will come to light.”

Karla Grimes


“In the days following the crash, an axiom as old as the Republic came into play once more.  In good times Wall Street wanted Washington to leave it alone. In bad times it wanted Washington to act.”

Haynes Johnson


"It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident."

Charles H. Ferguson


"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky. There have always been plagues and wars, yet they always take us by surprise. When war breaks out people say it's stupid and won't last long. Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves. In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague


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

Chalmers Johnson, Nemesis, the Last Days of the American Republic

The financiers of Wall Street, buoyed by the enormous funds of the Treasury, carried the day.   And there was rejoicing in New York and Washington alike, and among grifters everywhere.

Stocks rebounded sharply, and vacillated much of the day in a whipsaw manner, before climbing to their highs in the last hour of trading.

Gold was hit hard and repeatedly during the trading session in New York, and was finally smacked down to the low into the close. Silver followed a similar pattern.

Narcissists and high functioning sociopaths are an interesting lot. They think that they are superior, perfect, not in some incidental way, but at the very core of their being.

Therefore, imagine their surprise if anyone should find a fault with them, in anything that they have done.

Since they are perfect, always, what could cause someone to find a fault in anything that they have done, anything that is an extension of their perfect being?

Obviously then, that person must hate them,  be out to get them for some ulterior motive.  With malign intent they wish to undermine the private castle of perfection.

Even the most incidental remark, the slightest criticism, may be met with a visceral and overblown attack on that person. They must be belittled and discredited, so that the psyche of the narcissist can remain intact.

And so they do not learn.  For they cannot ever admit to a mistake.

This is not going to end well for the creatures of the trading pits, with the power of paper money and the shameless confidence game triumphant.

It's not even going to be an open casket.

This generation no longer believes in plagues, or in anything else that can overwhelm them, that is more powerful.  Particularly despised is innocence, and kindness, as weakness.

God is not mocked.  His love for us is relentless, overwhelming.

And one like a little child will lead them.

Have a pleasant evening.

Stocks and Precious Metals Charts - Staggered Disbelief - Stocks Flirting with Bear Market Territory

“When pride comes, then comes disgrace.  But with disgrace comes humility, and with humility comes wisdom.  The humility of the righteous will guide them, but the stubborn and clever illusions of the proud will destroy them."

Proverbs 11


"The reason America can’t handle the coronavirus is the same reason we can’t do anything else right.  We don’t let the people who do the work have any say over how or whether the work is done.  American institutions are organized entirely around the short-term horizon of financiers, and these financiers seek to create monopolies and to grab cash by thinning out supply lines and generating hidden risk."

Matt Stoller


“We must speak truth to power, and confront ignorance with facts.  But facts are threatening to those invested in fraud.”

DaShanne Stokes

Stock futures went down limits early last night, and stayed pegged there until this morning.

On the open of the cash market the major stock indices continued to fall, and quickly triggered a market-wide trading halt.

I have market the limit down and trading halt on the index charts.

I have also marked the 20% 'bear market' level on the charts as well.

Gold soared over 1700 last night, but in the quiet was smacked down and hard. It recovered some of that and managed to close higher on the day.

The dollar continued its slide.

Silver and the miners are getting hit with bear raids. I suspect that the ringleaders on Wall Street, the Banks, are leading the charge here, to protect their own short positions, and to provide a good trading opportunity for themselves.

Although a surprisingly large number of Americans continue to believe whatever alternative facts that the financial elite and their influencers puts forward, recent events have staggered their ardent disbelief.

Men it is well said, go mad in herds, but come back to their senses one at a time.

Have a pleasant evening.

When History Rhymes: Woodrow Wilson and the Spanish Flu

What Woodrow Wilson did was reprehensible, even if it was for the war effort.

But for the stock market?

"The year 1917 saw the formation of the Committee on Public Information by executive order which aimed at Wilson getting more recruits for the war. By the summer of 1918, as the disease started to tighten its grip over the country, the government was focusing on the War and encouraging people to do their bit for the War but made almost no mention on anything else.

The committee was not used to combat the pandemic and was looked over. There were also cases of people being prosecuted over public discussion of the flu.

The fact that the government was attempting to keep the 'morale' up turned out to be extremely damaging. The president had been able to sell the war to the people even though he had initially promised that America would not enter World War 1, but fell short on informing the people about a much greater threat with the potential to wipe out the world."

Ishani Ghose, The Great American Coverup


"Asked if he was concerned about the virus getting closer, Trump said: “No, I’m not concerned at all. No, I’m not. We’ve done a great job.”

Darlene Superville, Associated Press, Trump ‘not concerned’ as coronavirus cases rise in DC area, 8 March 2020


"By October 1918, the city of Washington, D.C. became a breeding ground for the highly contagious H1N1 strain of the flu. As civilian cases multiplied, local health officials initiated bans on public gatherings in order to quell the spread of infections. Across the city, public schools and universities closed their doors, and Congress and the Supreme Court adjourned.

Meanwhile, emergency hospitals opened across the District as nurses desperately tried to care for the constant influx of patients. Influenza cases continued well into the next year, disproportionately affecting healthy residents in their mid-twenties and thirties, a group normally predisposed to fight infectious disease. The infection of the strong and youthful, in addition to babies and the elderly, caused life expectancy in the U.S. to drop by twelve years in 1918."

Sarah Fling, White House History: Spanish Influenza in the President's Neighborhood


"The president struck a defiant tone as he spoke to reporters about the outbreak at his Mar a Lago resort in southern Florida, where he was hosting his Brazilian counterpart Jair Bolsonaro. "We will have tremendous rallies and we're doing very well, and we've done a fantastic job with respect to that subject," Trump responded when asked if his "Keep America Great" campaign events would continue."

AFP, Trump refuses to halt rallies as coronavirus surges


"...in April of 1917, the United States entered the First World War, and President Woodrow Wilson launched a dubious campaign to shore up popular support and suppress criticism.  He established the Committee on Public Information, whose chairman, George Creel, set out to promote what he called propaganda in the true sense of the word, meaning the ‘propagation of faith.’  Wilson also signed the Sedition Act, which criminalized 'disloyal, profane, scurrilous, or abusive language about the form of government' or anything else that might impede the war effort. The government put up posters around the country urging citizens to report anyone 'who spreads pessimistic stories'...

Throughout history, diseases have posed an unsparing test of political leaders and their fidelity to the facts. According to Howard Markel, a medical historian at the University of Michigan, 'From the political to the purely mercenary, secrecy has almost always contributed to the further spread of a pandemic and hindered public health management.'

Evan Osnos, How Political Spin Has Worsened Epidemics