Stocks and Precious Metals Charts - Knockoff Early Day

 

Just charts. 

Stronger Dollar, stocks and precious metals slumped.

First shot of the Pfizer two step done.

Super site run by FEMA and the National Guard some distance from my house.

Have a pleasant evening. 

 

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.