Stocks and Precious Metals Charts - Precious Metal Rockets and Blow Off Tops in Tech

"We should be shining lamps, giving light to all around us.

The tender Mercy of God has given us one another."

Catherine McAuley


"Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people. Lacking any other purpose in life, it would be good enough to live for their sake."

Garrison Keillor

Stocks were a bit off today with the FOMC announcement of the status quo, although the NDX continued to rocket higher in a late stage new era tech boom.

It is setting up for a very nice blow off top. Wait for it.

Gold and silver took off higher today, continuing to gain back from the phony smackdown engineered by the bullion banks around the non-farm payrolls report.

June is a big month for the precious metal futures, and proved a tempting target for the wiseguys to run the stops and pull off a wash and rinse.

Well, here we are again. Looking at key overhead resistance in gold and silver.

The weather here has been hot, in the low 90's today.

I cut up a fallen tree for a neighbor and stocked some more firewood away for next winter.

The young man is a handy wood-splitter.

And after cleaning up and having a nice late lunch, the air conditioning felt so good that Dolly and I celebrated with a solid nap.

If a package had not arrived, with a doorbell setting off the Dolly alarm, we might still be sleeping even now.

There is no rest so profoundly satisfying as that given to us, having done a good thing for another.

Such are His loving kindness, and tender mercies.

Have a pleasant evening.

Stocks and Precious Metals Charts - NDX 10,000 - A Dark Day For America

Martin Gugino, Pacifist Protester, Catholic Worker Movement

"What does the modern world know of love, with its light touching of the surface of love. It has never reached down into the depths, to the misery and pain and glory of love which endures to death and beyond it. We have not yet begun to learn about love.  Now is the time to begin, to start afresh, to use this divine weapon.

What we would like to do is change the world–make it a little simpler for people to feed, clothe and shelter themselves as God intended them to do.  And to a certain extent, by fighting for better conditions, by crying out unceasingly for the rights of the workers, of the poor, of the destitute–the rights of the worthy and the unworthy poor in other words, we can to a certain extent change the world; we can work for the oasis, the little cell of joy and peace in a harried world. 

We can throw our pebble in the pond and be confident that its ever widening circle will reach around the world."

Dorothy Day, Catholic Worker, June 1946


"The government is the potent omnipresent teacher. For good or ill it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."

Louis D. Brandeis


“Hate obscures all distinctions.”

C. S. Lewis

Intraday the NDX futures hit a new all time high of 10,000. Huzzah

The SP 500 is still lagging behind.

Tech is the crème de la bubble.

Gold managed to continue to add to its rebound, with the Dollar continuing to give up ground.

Silver gave up a bit of its rebound from yesterday.

Trumpolini smeared the 75 year Martin Gugino, who was tossed to the ground by police and injured.    He falsely claimed that the pacifist protestor was an Antifa agitator, and speculated that he may have been critically injured in order to set the police up. 

Trump has a disordered mind and is a pathological liar.  But what about the rest of us?

Have we lost all decency, common sense, and regard for the truth?

Whom do we serve?

Have a pleasant evening.

Stocks and Precious Metals Charts - A Sickness Unto Death

"The government is the potent omnipresent teacher. For good or ill it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."

Louis D. Brandeis


"People who know nothing of God and whose lives are centered on themselves, imagine that they can only find themselves by asserting their own desires and ambitions and appetites in a struggle with the rest of the world. They try to become real by imposing themselves on other people, by appropriating for themselves some share of the limited supply of created goods and thus emphasizing the difference between themselves and the other men who have less than they, or nothing at all."

Thomas Merton


"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


“The greatest hazard of all, losing one’s self, can occur very quietly in the world, as if it were nothing at all. No other loss can occur so quietly; any other loss - an arm, a leg, five dollars, a wife, etc. - is sure to be noticed.”

Søren Kierkegaard, The Sickness Unto Death


“Now we are witnessing a transformation: 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

The looting of the Treasury for the benefit of a few continues, while the public remains distracted and repressed.

The madness serves none but itself.

Have a pleasant evening.

Stocks and Precious Metals Charts - Sowing the Wind

"A narcissist will deliberately damage other people in pursuit of their own selfish desires, but may regret and will in some circumstances show remorse for doing so, while a malignant narcissist will harm others and enjoy doing so, showing little empathy or regret for the damage they have caused.”

John D. Garner


“Power not only corrupts but also magnifies existing psychopathologies, even as it creates new ones.  Fostered by the flattery of underlings and the chants of crowds, a political leader’s grandiosity may morph into grotesque delusions of grandeur. Sociopathic traits may be amplified as the leader discovers that he can violate the norms of civil society and even commit crimes with impunity.  And the leader who rules through fear, lies, and betrayal may become increasingly isolated and paranoid, as the loyalty of even his closest confidants must forever be suspect.”

Bandy X Lee

The Non-Farm Payrolls report was a joke.

It must have been because the sock puppets and spokesmodels on bubblevision were chuckling about it all day.

The NDX set a new high, and the foundation for the next blow off top.

The SP also moved higher, but is lagging the big cap tech.

Gold and silver were just hammered. They are clearing on the longs in the June futures contracts for gold and silver.

JPM was just given a few million dollar fine (more like a tip than a wristslap) for rigging the Mexican bond market.

So why not just go with the story of the miracle recovery, and pump stocks and hammer the metals?

This is a very effective way to transfer huge amounts of public money from the Fed to the one percent, and then sticking the public with the check.

Draining the swamp. Yeah.

Wait for it. The setup is here but perhaps not fully ripe.

And then we will see things fall apart. Especially if it looks like the Democrats will take the November elections.

Have a great weekend.