Stocks and Precious Metals Charts - Babylon Berlin - Risk On

 

“Missing a train is only painful if you run after it! Likewise, not matching the idea of success others expect from you is only painful if that’s what you are seeking... 

People need to be blinded by knowledge—we are made to follow leaders who can gather people together because the advantages of being in groups trump the disadvantages of being alone.   It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.   Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes.   This is apparent from a social pathology: psychopaths rally followers.” 

Nassim Taleb, The Black Swan 

 

Today was definitely a 'risk on' day. 

The VIX dropped sharply. 

Gold, silver and the dollar all declined. 

Stocks rallied sharply. 

There will be a Comex metals option expiration on the 25^th. 

Speaking of risk on I have a long awaited appointment for the covid vaccine tomorrow afternoon, some distance away. 

I will probably not bother to post tomorrow night unless something interesting happens or this goes more smoothly than anticipated. 

Let's see what happens.  

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Wash and Rinse - Comex Option Expiration Thursday 25th

 

"What makes the silver (and gold) manipulation the perfect crime are a number of elements; short term price control through High Frequency Trading, compliant regulators and the fact that most victims don’t even realize they are being had, as the sellers are mostly just reacting to the deliberately-set lower prices. 

It’s hard to end an ongoing crime in progress when so many don’t realize it is in progress. Worse, there are still some who profess that there is no manipulation underway. 

And for the few who do realize what’s really going on, what can you do about it when the regulators are in bed with the manipulators? Perhaps the options are limited, but that’s not the same as non-existent."

Ted Butler, Busting the Perfect Crime 

 

Earlier this week someone asked me what the markets might look like ahead of this quadruple option expiration. 

I replied 'a zigzag.'  Or in other words, a wash and rinse operation designed to shake speculators out of their positions. 

It appears that the Banks are losing their special exemption from the reserves requirement.

It's all about the leverage.  And perhaps the most inconvenienced bank is JP Morgan.

Next week we will have a metals option expiration on the Comex, on Thursday the 25^th. 

When you trade in the relatively lawless markets of deregulation and hellbound pigmen, you need to be on your guard.

They are not jealous of your freedom. 

They just want your money. 

Have a pleasant weekend. 

 

Stocks and Precious Metals Charts - Shenanigans - Oh That Quad Option Expiration

 

“Human nature being what it is, small loopholes are likely to be exploited until they become big ones, and big ones until they turn into financial disasters.”

Seth Klarman 

 

"The basic tool for the manipulation of reality is the manipulation of words.  If you can control the meaning of words, you can control the people who must use the words."

Philip K. Dick 

 

“If we exaggerate the present and future value of the stock market, then as a society we may invest too much in business start-ups and expansions, and too little in infrastructure, education, and other forms of human capital.” 

Robert J. Shiller 

 

Today's market action seems to be more or less the usual shenanigans of soulless cyphers.

And perhaps the pre-emptive tantrums of the pampered princes of banking as the Fed considers revoking their exemption from SLR (supplemental leverage ratio).   

The horror.

 Let's see what tomorrow brings.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - The Fed Keeps the Pedal to the Metals - Quad Expiration on Friday

 

"Those entrapped by the herd instinct are drowned in the deluges of history.  But there are always the few who observe, reason, and take precautions, and thus escape the flood.  For these few gold has been the asset of last resort."

Antony C. Sutton 

 

"Gold is unique among assets, in that it is not issued by any government or central bank, which means that its value is not influenced by political decisions or the solvency of one institution or another." 

Salvatore Rossi, Central Bank of Italy, 30 Sept 2013 

 

"When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation." 

Gresham's Law 

 

"Gold has worked down from Alexander's time.  When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."

Bernard M. Baruch 

 

"You have to choose between trusting to the natural stability of gold and the natural stability and intelligence of the members of the government.  And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold." 

George Bernard Shaw

 

The Fed struck a decidedly dovish tone in its decision and subsequent press conference by Chariman Powell today.

Stocks turned around and bolted higher.

 Gold and silver rose sharply along with the miners.

The Dollar took a sharp dive, but still managed to hold well above the 91 handle. 

The quad withc is on Friday, and so there is still plenty of room for shenanigans.

Happy St. Patrick's Day.

Have a pleasant evening.