Stocks and Precious Metals Charts - Eenie, Meenie, Chili Beanie

"Those who have knowledge, don't predict. Those who predict, don't have knowledge."

Lao Tzu


"The blunt accusation, the brutal tap upon the shoulder - what can one make of such a denouement?   But the quick inference, the subtle trap, the clever forecast of coming events, the triumphant vindication of bold theories - are these not the pride and the justification of our life's work?   At the present moment you thrill with the glamour of the situation and the anticipation of the hunt.   Where would be that thrill if I had been as definite as a timetable?”

Arthur Conan Doyle, Sherlock Holmes

As a reminder we will have the end of the second quarter stock market option expiration this Friday.

Shenanigans are anticipated.

And shenanigans we had, as stocks came in slumping in fairly hard from the overnight into this morning.

But surprise, the major indices managed to take back the losses and finish with some outsized gains into the close.

Some of the big banking houses, somewhat preemptively I suspect, are ascribing this latest overdone rally to retail investors day trading on RobinHood.

Given that retail is about 3% of the volume in stocks these days seems to be a bit much.

But whenever the wiseguys start pointing the finger like this, one braces for the thrilling finish.

Gold and silver took a hit fairly hard. And purposefully I also suspect.

June is a big metals month, and shaking out the weak hands is the order of the day.

I picked up a long position in a battered miner early this morning, and let it go with a nice profit in the afternoon.

I don't like to do this daytrading bit, but when it happens it happens.

Donny is done. Stick a fork in him.

And the corrupt money may be preparing to exit later this year, flush with big bucks all the way, stage right.

Stay flexible, and don't feed the sharks.

Especially with yourselves.

Have a pleasant evening.

Stocks and Precious Metals Charts - Scraping By - Monetary Mysteries

“Science is what we have learned about how to keep from fooling ourselves.”

Richard Feynman


"When I use a word,' Humpty Dumpty said in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less."
"The question is," said Alice, "whether you can make words mean so many different things."
"The question is," said Humpty Dumpty, "which is to be master— that's all."

Lewis Carroll, Alice Through the Looking Glass


“Shall we their fond pageant see?
Lord, what fools these mortals be!”

William Shakespeare, A Midsummer Night's Dream

Stocks were rallying hard in the futures overnight, and managed to come into the cash trade in the morning with a head of steam.

Alas, reality continues to press down upon bullish exuberance.

And so stocks gain up most of their rebound to go out with but a little gain to show for their troubles.

Gold and silver are clearly sawing sideways, caught below overhead resistance.

The situation is fairly easy to see on the charts.

When will the bullion banks lose control of the metals?

Hard to say. However, given a longer time horizon that breakout seems but a matter of time.

The dollar managed to take back the 97 handle after a long slide.

Covid19 is going to go away according to Larry Kudlow, and you'll just have to keep your chins up. And buy stocks.

And in that vein, Trumpolini is back in the hood at his Bedminster golf resort, laying plans for more rallies and mass gatherings.

Make sure you sign the pandemic release form before you go.

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

Have a pleasant evening.

Stocks and Precious Metals Charts - And No One Could Have Seen It Coming

"A person will reap what he sows.   The one who sows for his flesh will reap corruption from the flesh, but the one who sows for the spirit will reap eternal life from the spirit.  Let us not grow tired of doing good, for in time we shall reap our harvest, if we can remain standing."

Galatians 6:7-9


"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky.  There have always been plagues and wars, yet they always take us by surprise.  When war breaks out people say it's stupid and won't last long.  Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves.  In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague

The sock puppets and spokesmodels of financial TV were not chuckling today.

Stocks corrected hard.

The rise up was a Ponzi scheme, financed by the Fed and aided and abetted by the moneyed interests and their enablers.

Gold and silver were sold off as liquidation was the general rule of the day.

I think the way the NDX plummeted through its hard won prize of 10,000 surprised quite a few.

Well that is how these things go.

Let's see if this wash and rinse has run its course.

There will be more surprises and excitement to come.

This is hardly the worst.

Have a pleasant evening.

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.