Stocks and Precious Metals Charts - The Phony Rally for the Phony Recovery

No commentary tonight.

What has been hidden will be revealed.

Many do not want to hear it.  But actions and beliefs have consequences.

Trump Broke the Agencies That Were Supposed To Stop the Covid-19 Epidemic

Have a pleasant evening.

Stocks and Precious Metals Charts - Stocks See Daylight

“There is no fire like passion,
there is no shark like hatred,
there is no snare like folly,
there is no torrent like greed.”

Siddhārtha Gautama

Stocks were rallying hard today, up about 7 percent.

The feeling that took the Street's imagination is that we are close to the apex of the virus, and that its all downhill from here.

In other words, the bulls see daylight.

Let's hope that this is not an oncoming train.

Gold and silver caught a serious bid today.

There is a serious short squeeze in physical gold. You can probably pick up some retail coins, but the bigger stuff is in short supply.

Stocks hit the 38.2 fibonacci retracement today.

Let's see if they can keep going.

A turn lower is just one tweet, one headline away.

Have a pleasant evening.

Listen, and I Will Tell You a Mystery - The Implications of the Incarnation

Listen, and I will tell you a mystery."

1 Cor 15:51


"Only the humble believe in Him and rejoice that God is so free and so marvelous that He does wonders where people despair, that He takes what is little and lowly and makes it marvelous. And that is the wonder of all wonders, that God loves the lowly. God is not ashamed of the lowliness of human beings. God marches right in. He chooses people as his instruments and performs his wonders where one would least expect them. God is near to lowliness; He loves the lost, the neglected, the unseemly, the excluded, the weak, and the broken.

In the Incarnation the whole human race recovers the dignity of the image of God.  Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all.   Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."

Dietrich Bonhoeffer


"He has shown you what is good. The Lord requires you to act justly, and to love kindness and mercy, and to walk humbly with your God."

Micah 6:8

“We are slow to master the great truth that even now Christ is, as it were, walking among us, and by His hand, or eye, or voice, bidding us to follow Him. We do not understand that His call is a thing that takes place now. We think it took place in the Apostles' days, but we do not believe in it; we do not look for it in our own case.

Every century is like every other, and to those who live in it seems worse than all times before it.

God's presence is not discerned at the time when it is upon us, but afterwards, when we look back upon what is gone and over. The world seems to go on as usual. There is nothing of heaven in the face of society, in the news of the day.

And yet the ever-blessed Spirit of God is there, ten times more glorious, more powerful than when He trod the earth in our flesh.

God beholds you. He calls you by your name. He sees you and understands you as He made you. He knows what is in you, all your peculiar feelings and thoughts, your dispositions and likings, your strengths and your weaknesses. He views you in your day of rejoicing and in your day of sorrow. He sympathizes in your hopes and your temptations. He interests Himself in all your anxieties and remembrances, all the risings and fallings of your spirit.

He encompasses you round and bears you in His arms. He notes your very countenance, whether smiling or in tears. He looks tenderly upon you. He hears your voice, the beating of your heart, and your very breathing. You do not love yourself better than He loves you. You cannot shrink from pain more than He dislikes your bearing it; and if He puts it on you, it is as you would put it on yourself, if you would be wise, for a greater good afterwards.

There is an inward world, which none see but those who belong to it. There is an inward world into which they enter who come to Christ, though to men in general they seem as before. If they drank of Christ's cup it is not with them as in time past. They came for a blessing, and they have found a work.

To their surprise, as time goes on, they find that their lot is changed. They find that in one shape or another adversity happens to them. If they refuse to afflict themselves, God afflicts them.

Why did you taste of His heavenly feast, but that it might work in you—why did you kneel beneath His hand, but that He might leave on you the print of His wounds?

God has created me to do Him some definite service; He has committed some work to me which He has not committed to another. I have my mission -- I may never know it in this life but I shall be told it in the next.

I am a link in a chain, a bond of connection between persons. He has not created me for naught.

I shall do good, I shall do His work. I shall be an angel of peace, a preacher of truth in my own place while not intending it if I do but keep His commandments.

Therefore I will trust Him. Whatever I am, I can never be thrown away. If I am in sickness, my sickness may serve Him; in perplexity, my perplexity may serve Him. If I am in sorrow, my sorrow may serve Him.

He does nothing in vain. He knows what He is about.

He may take away my friends. He may throw me among strangers. He may make me feel desolate, make my spirits sink, hide my future from me -- still He knows what He is about.

Let us feel what we really are--sinners attempting great things. Let us simply obey God's will, whatever may come. He can turn all things to our eternal good. Easter day is preceded by the forty days of Lent, to show us that they only who sow in tears shall reap in joy.

Contemplate then yourself, not as yourself, but as you are in the Eternal God. Fall down in astonishment at the glories which are around you and in you, poured to and fro in such a wonderful way that you are dissolved into the Kingdom of God.

The more we do, the more shall we trust in Christ; and that surely is no morose doctrine, that leads us to soothe our selfish restlessness, and forget our fears, in the vision of the Incarnate Son of God.

May the Lord 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 safe lodging, and a holy rest, and peace at last.”

John Henry Newman



"Love does not make you weak, because it is the source of all strength— but it makes you see the nothingness of the illusory strength on which you depended before you knew it.

The only real tragedy, In the end, is not to be a saint."

Léon Bloy

Repentance - Forgiveness - Thankfulness

These are the three greatest gifts. Open your hearts that you may receive them.

Stocks and Precious Metals Charts - Forget it Jake - The Committee To Save the World, Again

Walter Sobchak: Am I wrong?

The Dude:  You're not wrong Walter.  You're just an asshole.

Walter Sobchak:  Okay then.

The Big Lebowski


"A bucket shop is an establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, [gold] etc., there being no transfer or delivery of the stock or commodities nominally dealt in."

US Supreme Court in Gatewood v. North Carolina, 27 S.Ct 167, 168 1906


"I don’t think there’s any doubt that quantitative easing enabled the rich and the quick. It was a massive gift… I hope that we do indeed succeed in being able to say in the end the wealth effect was more evenly distributed. I doubt it.”

Richard Fisher, former Dallas Fed President, 2014


"A glance at the situation today only too clearly indicates that equality of opportunity as we have known it no longer exists... We are steering a steady course toward economic oligarchy, if we are not there already."

Franklin D. Roosevelt, Commonwealth Club Address, September 1932


Numbered — God has numbered your reign, and will end it.
Weighed — you are weighed on the scales, and found wanting.
Divided — your power will be divided up and given to others.

Daniel 5:25-28

On a positive note, beside cheap gas and home heating oil, I have noticed a marked decline in spam phone calls. Are they having trouble staffing their phone centers?

These certainly are interesting times.

Pretenses, long asserted, are dropping like flies.

The gold action on the Comex is fascinating. Like watching Dracula melting and turning into dust in the sunlight of an old Hammer film.

Are we being rescued by the very fellows who have led us into a financial asset bubble, and its grinding, destructive aftermath, again?

Forget it, Jake. It's Chinatown.

Have a great weekend.