Stocks and Precious Metals Charts - Silber über Alles - As January Goes...

"As January goes, so goes the rest of the year." 

Yale Hirsch, The Stock Trader's Almanac 

 

“As we view the achievements of aggregated capital, we discover the existence of trusts, combinations, and monopolies, while the citizen is struggling far in the rear or is trampled to death beneath an iron heel.” 

Grover Cleveland (about that other gilded age)

 

"Over the last thirty years, the United States has been taken over by an amoral financial oligarchy, and the American dream of opportunity, education, and upward mobility is now largely confined to the top few percent of the population.  

Federal policy is increasingly dictated by the wealthy, by the financial sector, and by powerful (though sometimes badly mismanaged) industries.  These policies are implemented and praised by these groups’ willing servants, namely the increasingly bought-and-paid-for leadership of America’s political parties, academia, and lobbying industry. 

If allowed to continue, this process will turn the United States into a declining, unfair society with an impoverished, angry, uneducated population under the control of a small, ultrawealthy elite.  Such a society would be not only immoral but also eventually unstable, dangerously ripe for religious and political extremism."

Charles Ferguson, Predator Nation, 2012

 

And it is.

So we bid a fond farewell to January. 

Year to Date it looks like stocks are about unchanged to slightly negative. 

Gold popped this morning, but was steadily worn down during the day to finished unchanged. 

But the mighty, mighty silver held on to its gains and finished the month a bit ahead of the pack. 

And that is not counting some of the miners who are finding a boost with the investing public, as it were. 

As a reminder only the Wall Street Banks and insiders are allowed to manipulate prices for their advantage, so take note, all you Redditor upstarts and retail peons.

And that goes double for monetary policy, and the subsequent asset bubbles it may evoke, which is formulated to transfer wealth to the top from everyone else, don't ya know.

RHIP

It looks like a nor'easter will be tearing through the tri-state area on Monday. 

Don't forget to feed God's lesser creatures. and perhaps share a kind word and a good deed with one of those who are created in His image, just like you.

Have a pleasant weekend. 

 

Stocks and Precious Metals Charts - Silver Shines as the Too Often Naked Shorts Run for the Exits

"Democracy is held captive, not just by money, but by ideas — the ideas that money buys." 

William Greider

 

"A multibillion-dollar bailout and Wall Street’s swift, subsequent reinstatement of gargantuan bonuses have inspired a narrative of parasitic bankers and other elites rigging the game for their own benefit. And this, in turn, has led to wider—and not unreasonable—fears that we are living in not merely a plutonomy, but a plutocracy, in which the rich display outsize political influence, narrowly self-interested motives, and a casual indifference to anyone outside their own rarefied economic bubble."

Chrystia Freeland, The Rise of the New Global Elite, January 2011 

 

"They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They demand free enterprise, but are the spokesmen for monopoly and vested interest.  Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection."

Henry Wallace, 9 April 1944

 

"Our future could be one in which continued tumult feeds the looting of the financial system, and we talk more and more about exactly how our oligarchs became bandits and how the economy just can’t seem to get into gear.  Recovery will fail unless we break the financial oligarchy that is blocking essential reform.  And if we are to prevent a true depression, we’re running out of time." 

Simon Johnson, The Quiet Coup, May 2009

 

Silver exploded higher today.

The capping on gold continued.

It too will fail as all long term price manipulation schemes do..

Stocks look wobbly.

I took quite a bit of profit and risks off the table today.

Have a pleasant evening. 

Stocks and Precious Metals Charts - Better Call Powell - Bad Day for Stocks

 

“We may ignore, but we can nowhere evade, the presence of God.  The world is crowded with him. He walks everywhere incognito."

C. S. Lewis

 

"I am so resplendent in my creation that in order not to see me these poor people would have to be blind." 

Charles Péguy, Le Porche du Mystère de la Deuxième Vertu

 

"Our faith is stronger than death, our philosophy is firmer than flesh, and the spread of the Kingdom of God upon the earth is more sublime and more compelling.  

The greatest challenge of the day is: how to bring about a revolution of the heart, a revolution which has to start with each one of us?" 

Dorothy Day

 

Most stocks that have some connection to reality were hammered lower today. 

This is bubble action. when the selling starts in earnest, almost everything gets sold. 

And despite the elevated perception of risk, as clearly shown by the VIX, the mineres were sold heavily as well. 

Let's see how the rest of the week goes. 

Thanks to my friend Tony S for the 'Better Call Powell' idea.

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Mania - Metals Option Expiration, Fed Meeting Decision Tomorrow

 

"Few things are more destructive to Christians than anger.  Anger causes us to lose our self-control and to say and do things we would otherwise never consider.  Anger, if allowed to remain, turns into bitterness that eats away at our hearts.

Anger does not bring about God’s redemptive work; far more often it hinders what God is working to accomplish.  If you feel that you have a righteous anger because of something that has happened, see if you are holding anger in your heart without sin.   Is your anger turning into bitterness?  Is your anger causing you to make excuses for your own ungodly behavior?  Is your anger preventing you from acting in a loving, redemptive, and Christlike way?" 

Henry Blackaby

 

"Those wishing abundant wealth are falling into temptation and a trap, and into many foolish and harmful passions which plunge them into ruin and destruction.  For the love of money is the root of all evil, and people in their desire for it have strayed from the faith and have pierced themselves with many pains.  But you people of God, avoid all this. Instead, pursue righteousness, devotion, faith, love, patience, and gentleness." 

1 Timothy 6:9-11

 

We are entering a speculative mania now.  Hysteria and passions are running high with greed and entitlement.

When the reckoning comes, the insiders and moneyed interests will be blaming the small speculators and 'Robin Hood' crowd.  They always do.  

Hate the game and not the players, right? 

But they are at the heart of it, urging on the speculation, and steadily weakening the safeguards and regulations at every turn so that they can extend their outsized misappropriation of the nation's wealth.

In the same manner that they foment political anger and social hatred and oppression and riots, with a towering pride and self-righteousness and self-delusion.

Know who it is that you serve.

Madness.

Do not be so concerned about your money, that you let go so easily of your self.

Have a pleasant evening.