16 April 2020

Stocks and Precious Metals Charts - The Writing on the Wall - Stock Option Expiration Tomorrow


"If you want to find out what a man is to the bottom, give him power.  Any man can stand adversity — only a great man can stand prosperity.”

Robert Ingersoll


“You can easily judge the character of a man by how he treats those who can do nothing for him.”

Johann Wolfgang von Goethe


“It is the magician’s bargain: give up our soul, get power in return.  But once our souls, that is, ourselves, have been given up, the power thus conferred will not belong to us.  We shall in fact be the slaves and puppets of that to which we have given our souls.”

C.S. Lewis

At what point does stupidity become a sin?

This is no idle question. Because the most pervasive and convincing reason I have found to not hold people, including myself, accountable for their usual bad actions is stupidity.

They are not really evil, even when they may accommodate evil things. They are mostly stupid. 

But surely, like most things in excess, stupidity becomes a sin when it is wanton in a careless manner, or even worse, purposeful.  Habitual stupidity that favors the person who gives themselves over to it.

Surely almost all people will be taken in by a con man at some point in their lives.

But there are those who become the devotees of purposeful liars. And in their wanton stupidity they can become the accomplices of terrible sins, and sometimes sensational crimes.

Be careful then, of what you feed to your minds, and what foolishness you may stubbornly embrace, because it suits your purposes.

At the time of your judgement, cleverness and connections and impertinence will be of no use.  The penetrating gaze of the Almighty will expose you naked before it.

The markets were mixed today as they like to say.

The economic news was dire. But we are becoming used to this.

Trumpolini will be announcing something distractingly fabulous tonight no doubt.

There will be a stock market option expiration on Friday.

And there is a reckoning coming, most likely by July.

Have a pleasant evening.











15 April 2020

Stocks and Precious Metals Charts - On the Road to Emmaus - Stock Option Expiration on Friday


Rembrandt, Supper at Emmaus
"And then their eyes were opened, and they recognized him."

Luke 24:31


“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.  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."

John Henry Newman


"Do not neglect to show kindness to strangers, for in this way some have entertained angels without knowing it."

Hebrews 13:2

Stocks retreated from their recent highs today.

As did gold and silver.

The Dollar gained a bit.

Wash, rinse, repeat.

Stock option expiration on Friday.

Have a pleasant evening.


14 April 2020

Stocks and Precious Metals Charts - Snake Juice! - Fed Gets the Party Rolling


"In the field of monetary and credit policy, precautionary action to prevent inflationary excesses is bound to have some onerous effects— if it did not, it would be ineffective and futile.  Those who have the task of making such policy don’t expect you to applaud. The Federal Reserve, as one writer put it after the recent increase in the discount rate, is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.”

William McChesney Martin, Speech to Investment Bankers Association of New York, October 1955


Ein Prosit, Ein Prosit, Der Gemütlichkeit
Ein Prosit, Ein Prosit, Der Gemütlichkeit
Eins, zwei, Drei g'suffa!
Zicke, zacke, zicke, zacke, hoi, hoi, hoi,
Zicke, zacke, zicke, zacke, hoi, hoi, hoi,
Prosit!

Jerome Powell, FOMC Press Conference, March 3, 2020

Stocks were rocking and rolling on the Fed's special snake juice today.

Boring things like the dollar and gold were off a bit.

Hedge Fund managers are claiming bailouts as small businesses.

But never fear. The Banks can seize your stimulus check to pay off your debt.

Stock option expiration on Friday.

Have a pleasant evening.



13 April 2020

Stocks and Precious Metals Charts - Theatre of the Absurd - Stock Option Expiration on Friday


“The dead will lie on open fields,
like sheaves behind the reaper,
with no one to gather them.
So let not the wise boast of their wisdom
or the strong boast of their strength
or the wealthy boast of their riches,
but let the one who boasts boast about this:
that they have sought the understanding of my ways."

Jeremiah 9:22-24


"Beauty is but a flower
Which wrinkles will devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath closed Helen’s eye.
I am sick, I must die.
Lord, have mercy on us."

Thomas Nashe, A Litany In Time of Plague

Gold had a very strong showing today.

The underlying fundamentals and technicals are quite bullish.

The major obstacle seems to be the existing status quo in certain portions of the power structure and the financial system.

It is fragile with abuse and corruption, and so has to adjust to change slowly and carefully.

Stocks were weak, as people begin to realize that the end to this pandemic will not be like the flipping of a light switch.

We love our lies.  We must.

We treasure them, and pass them around to our friends and family.

For a long time the truth has been led down a blind alley and strangled.

But now we look on in sick fascination and horror, as it is done openly.

And because of the increase in lawlessness, the love of most will grow cold.

As a reminder there will be a stock option expiration on Friday.

Have a pleasant evening.