Stocks and Precious Metals Charts - Stocks Beyond Bubble, a Ponzi Scheme - Option Expiration on Friday

“There's a reason narcissists don't learn from mistakes and that's because they never get past the first step which is admitting that they made one. It's always an assistant's fault, an adviser's fault, a lawyer's fault. Ask them to account for a mistake any other way and they'll say, 'what mistake?”

Jeffrey Kluger


"The narcissist looks down on everyone and exploits people all of his life. For many narcissists life is all about money and power.  Getting more and giving less is his motto."

Linda Martinez-Lewi

Stocks, particularly big cap tech, are beyond a bubble now.

Given the narrow action and volumes, and the small number of players driving it, it is more like a ponzi scheme than a bubble.

The Dollar was stronger, and gold and silver were weaker.

There will be a stock market option expiration on Friday.

How will God judge us for our willful arrogance and shameless embrace of injustice?

Have a pleasant evening.

Stocks and Precious Metals Charts - Risk On

"Therefore, rejoice, you heavens,
and you who dwell in them.
But what sorrows will come to you, the worldly,
for the Devil has come among you in great fury,
because he knows he has but a short time.”

Revelation 12:12


"A good person produces good from the treasury of a good heart,  and an evil person produces evil from the treasury of an evil heart.  Amen I say to you, on the day of judgement you will give an account for every idle word that you have spoken.  By your words you will be either acquitted or condemned.”

Matthew 12:35-37

Stocks were in rally mode today, off of an expected but still shocking Non-Farm Payrolls report.

The only thing that matters is the hot money that in flowing in wide rivers to Wall Street, and those who feed off this dirty and corrupt system.

Silver has benefited from this on its 'industrial side.'  And to a lesser extent as a deeply oversold precious metal.

There will be a stock option expiration next week.   The calendar is included below.

The risks are greatly underestimated in financial instruments, and for the most part completely ignored in those things that are the most important.

Have a pleasant weekend.

Stocks and Precious Metals Charts - The Pool of Siloam

"Consult together, argue your case.
Get together and decide what to say.
Who made these things known so long ago?
What vain idol ever told you what would happen?
Was it not I, the Lord?
For there is no other God but me, a righteous God and Savior.
There is none but me."

Isaiah 45:21

Gold and silver shook off the pre-NFP hit from yesterday, and stuffed the price back in the face of the bullion banks and the bears.

Let's see how we go after the Jobs report tomorrow.  The Jobs numbers may be pretty ugly.  Or not.

If they are ugly watch the dollar.   

Stocks added to their post crash rally.

Non-Farm Payrolls tomorrow.

Have a pleasant evening.

Stocks and Precious Metals Charts - Stocks Fizzle - Non-Farm Payrolls Report Coming

"Bullies are not as sophisticated or as smooth as the manipulative type, as they rely on coercion, abuse, humiliation, harassment, aggression, and fear to get their way.  Psychopathic bullies do not feel remorse, guilt, or empathy. They lack any insight into their own behavior, and seem unwilling or unable to moderate it, even when it is to their own advantage.

They are adept at manipulating people—pulling the strings—from a distance, in order to get those directly under their control to abuse or bully those lower down in the organization. Because they see most people as weak, inferior, and easy to deceive, psychopathic con artists will often tell you that their victims deserved what they got."

Paul Babiak and Robert Hare, Snakes in Suits

Stocks took a run at another day of gains, but pretty much gave them all up into the close, going out on the lows.

Except for big cap tech of course. Digital will save us.

Gold took a real shot, in part because of a stronger dollar, but mostly as anticipated with a Non-Farm Payrolls Report coming up on Friday.

I am wondering if we get the hit up front, and then gold bases and resumes its rally with the news.

Well, we will have to see on this. It's not like fundamentals are driving much.

Have a pleasant evening.