Stocks and Precious Metals Charts - These Violent Delights

 

"The world is ours, we are its lords, and ours it shall remain. As for the host of labor, it has been in the dirt since history began, and I read history aright. And in the dirt it shall remain so long as I and mine and those that come after us have the power. There is the word.  It is the king of words— Power.  Not God, not Mammon, but Power.  Pour it over your tongue till it tingles with it.  Power.”

 Jack London, The Iron Heel 

 

 "No one can serve two masters, for he will hate the one and love the other, or he will be devoted to the one, and be neglectful of the other; and so you cannot serve both God and Mammon." 

Matt 6:24 

"These violent delights have violent ends And in their triumph die, like fire and powder, Which, as they kiss, consume."

William Shakespeare,  Romeo and Juliet

 

Stocks had another ranging day, from the highs to the lows, managing to finish up nearly unchanged.

 Gold, silver, and The  Dollar edged slightly lower.

The VIX was lower.

Where's the risk?   Not reflected in the markets it appears.

Have a pleasant weekend.

Stocks and Precious Metals Charts - In Times of Plague - Global Financial Crime Cartels

 

"Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price.  They are aware of what they are doing to others — but they do not care. Narcissists tend to be divisive, vindictive, confrontational, aggressive, hate-filled, raging, incoherent, judgment-impaired, and irrational." 

Sam Vaknin,

 

“A narcissist paints a picture of themselves as being the victim or innocent in all aspects.   They will be offended by the truth.” 

Karla Grimes

 

“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.” 

 Søren Kierkegaard "

 

Do you not know that to whom you give yourselves as servants, his servants you become, whether of a corruption unto death, or of a righteousness unto life?" 

Romans 6:16 

 

It was the old sector shift in stocks again today, as small caps and financials led the charge higher, while the big cap techs languished.

 Gold and silver were hit hard, and the Dollar had a countertrend rally.

Notice how nicely gold is holding to a chart pattern.  

Let's see how that develops with time.

Goldman Sachs pled guilty and paid a 2.9B fine in the largest foreign bribery crime in US history.

The heart of our financial system is being run by cartels of serial felons.   What could go wrong?

Demented Donny and Tourette Joe will take the stage in Nashville tonight for a debate. lol

The World Series is taking a break tonight, but there is always Thursday Night Football.

And lots of B grade horror films in the lead up to Halloween.

Have a pleasant evening. 

Stocks and Precious Metals Charts - Blue Skies

“Unlimited power in the hands of limited people always leads to cruelty.”

Aleksandr Solzhenitsyn 

 

“Nature doesn't ask your permission; it does not care about your wishes, or whether you like its laws or not.   You're obliged to accept it as it is, and consequently all of its consequences as well.”

Fyodor Dostoevsky 

 

"Foolishness has a knack of getting its way; as we should see if we were not always so much wrapped up in ourselves. In this respect our townsfolk were like everybody else, wrapped up in themselves; they did not believe in plagues." 

 Albert Camus 

 

Stocks did another pop and flop again today.

The futures were up overnight, but the cash market faded away in the afternoon.

Hopes about a stimulus deal and happy days fuels optimism in the lightly traded markets, but then fades in the harsh light of day.

There seems to be a lot of this going around. 

Gold and silver rallied higher, as the Douleur du Monde slumped lower again.

Mapo tofu is on the menu for dinner this evening.  

If Pelosi and Mnuchin announce a stimulus deal, expect the markets to rally, even if the deal is blocked by the do-nothing coalition under Mitch in the Senate.

They are faithful servants to the powerful moneyed interests.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Der Untergang - The Madness Serves None But Itself

 

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

Leo Tolstoy 

 

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." 

Rudiger Dornbusch 

 

"Reasoning is no use; facts that contradict personal prejudices can simply be disbelieved — indeed, the fool can counter by criticizing them, and if they are undeniable, they can be just pushed aside as trivial exceptions.  We shall never again try to convince a fool by reason, for it is both useless and dangerous." 

 Dietrich Bonhoeffer

 

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."

Charles Mackay

 

Stock futures did another overnight pop, and afternoon flop.

Gold and silver rose along their support lines, and the Dollar continued lower.

 Netflix slipped its growth estimates after the close.

The stimulus, the election, and vaccine questions are three significant exogenous economic factors. 

John Oliver's discussion of the World Health Organization from his Sunday night show is interesting.

We are in the midst of the hysteria I had forecast.    QAnon is the latest face of it.

It seems almost ordinary, because it came on so slowly, and over such a relatively long period of time.

Its resolution may come more quickly, and leave many wondering what happened, and what they were thinking.

Most will move on, but some will stubbornly seek justification in stubborn denial.

Have a pleasant evening.