Stocks and Precious Metals Charts - Hi Yo Silver, Away! - Silver Takes the 17 Handle

“Everyone thinks of changing the world, but no one thinks of changing himself.”

Leo Tolstoy


"If you pray and love, that is where happiness lies."

John Vianney

Silver put on its high beta afterburners this week, and took out and held the 17 handle. Wow.

Gold is making an attempt to break out as well. It needs to take out 1770, and then it too may run with an eye towards the all time highs.

Stocks managed to take back their losses in the quiet afternoon trading, recovering from the shockingly bad retail sales numbers this morning.

It was in the low 80s here today with a decent breeze, the perfect time to do that much-needed touch up painting on the house.

The tree pollen is just brutal out there. It is powdering the cars with green.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

And that is what really matters.

Have a pleasant evening.

Stocks and Precioius Metals Charts - Lies, Dark Powers, and Redemption

“Before mass leaders seize the power to fit reality to their lies, their propaganda is marked by its extreme contempt for facts as such, for in their opinion fact depends entirely on the power of the man who can fabricate it.”

Hannah Arendt, The Origins of Totalitarianism


"Seneca had made the bargain that many good men have made when agreeing to aid bad regimes.  On the one hand, their presence strengthens the regime and helps it endure.  But their moral influence may also improve the regime's behavior or save the lives of its enemies.  For many, this has been a bargain worth making, even if it has cost them—as it may have cost Seneca—their immortal soul. The Rome he has been trained to serve, the Rome of Augustus and Germanicus, was gone.   In its place stood Neropolis, ruled by a megalomaniac brat.”

James Romm, Dying Every Day: Seneca at the Court of Nero


“Fascists rejected reason in the name of will, denying objective truth in favor of a glorious myth articulated by leaders who claimed to give voice to the people. A nationalist is not at all the same thing as a patriot.  A nationalist encourages us to be our worst, and then tells us that we are the best."

Timothy Snyder, On Tyranny

Stocks rebounded from their lows.

Gold and silver moved higher.

The dollar finished nearly unchanged.

Stock option expiration tomorrow.

Have a pleasant evening.

Stocks and Precious Metals Charts - My Will Be Done

"Liars often set their own traps."

Aesop


“There are only two kinds of people: those who say to God, ‘Thy will be done,’ and those to whom God says, ‘All right, then, have it your way.’”

C. S. Lewis

It was a risk off day today, as the Dollar and gold gained, while stocks swooned again.

Although the major stock indices managed to finish off the lows with a little kick higher in the afternoon.

There will be a stock market option expiration on Friday.

Have a pleasant evening.

Stocks and Precious Metals Charts - Fauci Cautions, Stocks Tumble - Option Expiration on Friday

"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


"It is not possible to found a lasting power upon injustice, perjury, and treachery. These may, perhaps, succeed at first, and limp along on hope for awhile with a flourishing appearance. But time betrays their weakness, and they eventually fall into ruin of their own designs."

Demosthenes


"Be not deceived, for God is not mocked. Whatever a man sows, so shall he reap."

Galatians 6:7


"A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.”

Czeslaw Milosz, The Discreet Charm of Nihilism

As I noted yesterday, the stock markets are appearing to be more like ponzi schemes than bubbles in this case.

The difference is the sheer narrowness of the impetus higher, and the increasingly cynical nature of it.

And so on some words of caution today, stocks tumbled— hard.

Gold managed to hold on to some gains while the Dollar lost ground.

There will be a stock market option expiration on Friday.

We might see the hysteria and misdirection continue to intensify.

What is hidden will be revealed.

The mills of God grind slowly, but exceedingly fine.

So many scoundrels, with fewer and fewer dark corners in which to hide.

Have a pleasant evening.