Stocks and Precious Metals Charts - Interesting Comex Metals Expiration

“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. Time has a way of showing people’s true colors.”

Karla Grimes


"Self-love is often rather arrogant than blind; it does not hide our faults from ourselves, but persuades us that they escape the notice of others, and disposes us to resent censures lest we should confess them to be just."

Samuel Johnson, The Rambler

Stocks were rocking and rolling today, as the Russell 2000 and the SP 500 were doing the heavy sledding.

Gold and silver had an option expiration on the Comex futures today.

Gold was interesting in that the price of gold in the futures market was hit.

But many of the non-futures indicators of gold that I watch just blew the futures price action off. Ignored it.

This could get interesting.

We will be getting a number of earnings announcements this week.

Have a pleasant evening.

Stocks and Precious Metals Charts - Tender Mercies - Earnings Announcements and Metals Option Expiration

"Now the end is at hand. Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system."

The White Rose, Second Leaflet, Munich 1942


"I have hitherto been assuming that such teachers as Gains and Titius do not fully realize what they are doing and do not intend the far-reaching consequences it will actually have. There is, of course, another possibility. What I have called the trousered ape and the urban blockhead may be precisely the kind of man they really wish to produce."

C.S. Lewis, The Abolition of Man


"The barbarian hopes — and that is the mark of him, that he can have his cake and eat it too. He will consume what civilization has slowly produced after generations of selection and effort, but he will not be at pains to replace such goods, nor indeed has he a comprehension of the virtue that has brought them into being. We sit by and watch the barbarian. We tolerate him in the long stretches of peace, we are not afraid. We are tickled by his irreverence; his comic inversion of our old certitudes; we laugh. But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles.”

Hilaire Belloc


"We must live in sunshine, even when we sorrow; we must live in God's presence, we must not shut ourselves up in our own hearts, even when we are reckoning up our past sins. As many as are our sins, His grace is greater.  Our sins are more in number than the hairs of our head; yet even the hairs of our head are all numbered by Him.  He counts our sins, and, as He counts, so can He forgive; for that reckoning, great though it be, comes to an end; but His mercies fail not, and His Son's merits are infinite."

John Henry Newman

Stocks powered higher in the afternoon, going out near the highs.

It was all about 'optimism.'

And Trump signing a new virus bailout package for $484 billion.

Gold and silver had a mixed day.

There will be a precious metals option expiration on the Comex next week Monday. The calendars are below.

Have a pleasant weekend.

Stocks and Precious Metals Charts - A Wake of Vultures, A Flood of Greed

"Greed, I say, is a great flood; it is a whirlpool that sucks a person down, a constant yearning, always seeking a hold, continually in movement."

Siddhārtha Gautama Buddha


"What is the appropriate behavior for a man or a woman in the midst of this world, where each person is clinging to his piece of debris?  What is the proper salutation between people as they pass each other in this flood?"

Leonard Cohen


“Just as it was in the days of Noah, so will it be in the days of the Son of Man.  People were eating, drinking, marrying and being given away in marriage, up to the very day 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 attempted to rally again today, adding on to their gains from yesterday.

But alas, they failed, and the futures closed firmly in the red.

Gold and silver advanced a bit again.

Nature continues to thwart the will of the powerful.

Dolly and I enjoyed the afternoon with a thoroughly satisfying nap.

It's the little things that make life worth living.

Have a pleasant evening.

Stocks and Precious Metals Charts - Credibility Trap

"A credibility trap is a condition wherein the financial, political and informational functions of a society have been compromised by corruption and fraud, so that the leadership cannot effectively reform, or even honestly address, the problems of that system without impairing and implicating, at least incidentally, a broad swath of the power structure, including themselves.

The status quo tolerates the corruption and the fraud because they have profited at least indirectly from it, and would like to continue to do so.  Even the impulse to reform within the power structure is susceptible to various forms of soft blackmail and coercion by the system that maintains and rewards.

And so a failed policy and its support system become self-sustaining, long after it is seen by objective observers to have failed.  In its failure it is counterproductive, and an impediment to recovery in the real economy.

Admitting failure is not an option for the thought leaders who receive their power from that system.  The continuity of the structural hierarchy must therefore be maintained at all costs, even to the point of becoming a painfully obvious, organized hypocrisy.

Jesse, 18 September 2013

Stocks bounced today.

The dollar edged higher.

Gold and silver rallied.

The VIX declined.

There will be a precious metals options expiration on the Comex next week.

Have a pleasant evening.