Stocks and Precious Metals Charts - And We're On Our Way

 

"As everything in what used to be called creation becomes a commodity, human beings begin to look at one another, and at themselves, in a funny way, and they see price tags. There was a time when people spoke, at least occasionally, of 'inherent worth'— if not of things, then at least of persons." 

Harvey Cox 

 

"Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people." 

Garrison Kellor

 

Stocks up. 

Gold and silver higher. 

VIX (volatility risk) lower but still elevated. 

The Dollar continues to slip off the 93 handle. 

And away we go, with our minds firmly rooted in fantasy.

 Have a pleasant weekend. 

 

Stocks and Precious Metals Charts - The Oligarchy Is Audacious

 

"Financial predators are usually narcissistic and audacious.  They regularly have an extreme sense of entitlement coupled with high self-efficacy.  Many of them have a charismatic quality and are preternaturally persuasive.  Financial predators are commonly shameless and quite adept serial liars.  They perceive themselves having near unlimited guile and resourcefulness to extricate themselves out of any compromising situations." 

Russ Alan Prince

 

"We've become, now, an oligarchy instead of a democracy. I think that's been the worst damage to the basic moral and ethical standards to the American political system that I've ever seen in my life." 

Jimmy Carter

 

"Crime, once exposed, has no refuge but in audacity.” 

Tacitus 

The Dollar drifted around the 93 handle, finishing slightly lower. 

Gold and silver moved a little higher. 

Stocks were in risk off mode, but managed to curtail their losses in the last hour of trading in the US.

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Where Angels Fear to Tread

 

"Beauty is but a flower
Which wrinkles shall devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath closed Helen’s eye.
I am sick, I must die.
Lord, have mercy on us."

Thomas Nashe, A Litany In Time of Plague

"Here we may reign secure, and in my choice to reign is worth ambition though in Hell:  Better to reign in Hell, than serve in Heaven." 

John Milton, Paradise Lost 

 

"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 were for the most part higher. 

Gold and silver were knocked back down. 

The Dollar drifted a bit higher. 

We are in one of those periods of deep denial, of business as usual. 

The scams of yesterday and the brute assertion of our own reality is an old habit that remains.

It might even be safe to say that this has been our default approach to life for some time now. 

It is certainly the style of choice for a good part of the public, and their thought leaders and talking heads. 

I have never thought I would see so many people just throwing themselves away.  

The amazement at the willful blindness reminds me of the astonishment at folly of the German people in the letters that Bonhoeffer wrote from prison.

We have no shame, no sense of proportion or our own place in our selfishness and mad defiance.

And we do it because, in the short term, we can.

Have a pleasant evening.

Stocks and Precious Metals Charts - And It Is

 

The broader measures of Stocks managed to trim their losses, with big cap techs once again leaning lower as they continue to deflate.

Gold and silver were a bit higher, along with the Dollar. 

Have a pleasant evening.