Stocks and Precious Metals Charts - Non-Farm Payrolls Report on Friday

 

"You reject what God said for the sake of your own rules.   You hypocrites!  Isaiah was right when he said:

‘These people show honor to me with words, but their hearts are far from me.  Their worship of me is worthless.  The things they teach are nothing but worldly ways.’”

Matt 15:6-9 

 

"You snakes, you brood of vipers!   How can you escape being condemned to hell?" 

Matt 23:33 

Gold and silver chopped sideways. 

The Dollar moved a bit lower. 

Stocks were a bit weak, but managed to hold their recent gains. 

Have a pleasant evening.

Stocks and Precious Metals Charts - Gold and Silver Smacked Down Hard

 

The gold and silver price manipulation rackets will eventually fall apart. 

They always do. 

But they will not fall down all at once from a cynical retail attack by even highly motivated daytraders. 

That is a trading tactic tool better used on individual stocks oversold by lazy shorts. 

Not on embedded market positions held by banking institutions and a financial cartel with incredible access to paper money and leverage.

It will happen, but gradually, and then all at once. 

But not yet. 

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Storm Warnings - Silver and Stocks Soar

 

“All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible.” 

Frank Herbert, Chapterhouse: Dune 

 

“He did not care for the lying at first.  He hated it.  Then later he had come to like it.  It was part of being an insider, but it was a very corrupting business.” 

Ernest Hemingway, For Whom the Bell Tolls 

 

“I know not why any one but a schoolboy in his declamation should whine over the Commonwealth of Rome, which grew great only by the misery of the rest of mankind.  The Romans, like others, as soon as they grew rich, grew corrupt; and in their corruption sold the lives and freedoms of themselves, and of one another.” 

Samuel Johnson

 

Silver exploded higher in the overnight, but did give back a chunk of it as the day wore on. 

Still, the metal was up sharply on the day and managed to hold the 29 handle on the close. 

Gold also closed higher, but not nearly as impressive. 

Stocks turned around their early losses and managed to finish quite a bit higher, taking back much of their losses from late last week. 

The dollar moved higher as well and took back the 91 handle. 

Pushing silver higher from the retail side, as presumably had been done with some relatively small stocks that had been heavily shorted by a few hedge funds, is going to be quite a challenge.

Hedge funds are one thing.  Global bullion banks with direct pipelines to Fed cash are another.

And unlike a stock, which although it may suffer from naked shorting of a sort, a monetary metal like gold and silver is a relatively more opaque market, with leverage of 100 to 1 of paper to metal not all that uncommon.

It may be possible, but only with the cooperation of some major bullion banks, and the passive acceptance of such an effort by the central banks.  And they often act in concert with one another.

But these are strange times indeed.  Let's see what happens.

We were hammered by a major snowstorm overnight and today, and it looks to continue until tomorrow morning with blizzard like winds driving drifts as the nor'easter passes up the coast.  

We have about two feet on the ground, but the drifts of this light snow in high winds is very impressive.  The drifts that cover the cars are elegant.

 I am grateful that we have not lost power, and are well supplied and content to remain at home with loved ones.   But mostly Dolly.

Have a pleasant evening.

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.