Stocks and Precious Metals Charts - Bipolar Markets Dancing to the Banker's Tune

 

“Do not fear.  Stand your ground and see the victory the Lord will win for you.   For these Egyptians whom you see today you will never see again.   The Lord will fight for you; you have only to keep still.” 

Exodus 14:13-14

 

Stocks rallied higher today, gaining back most of yesterday's losses, as the bipolar nature of this market continues to enchant its fevered spokesmodels.

Gold and silver finished a little lower, while the Dollar DX index finished six cents higher, just below 93. 

What will they think of next.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - Of What Use Are the Victories - Churn and Burn

 

“Thus says the Lord who created you,
and He who formed you:
'Fear not, for I have redeemed you;
    I have called you by name;  you are mine.
When you pass through the waters, I will be with you;
    and through the rivers, they shall not overwhelm you;
when you walk through fire you shall not be burned,
    and the flame shall not consume you.'"

Isaiah 43:1-2 

 

"Do not be surprised, my brothers and sisters, if the world hates you.  We know that we have passed from death to life, because we love one another.  Anyone who does not love is in thrall to death. Anyone who hates a brother or sister is a murderer.  And you know that no murderer has life eternal residing in him.

This is how we know what love is: the Lord laid down his life for us. And we ought to lay down our lives for our brothers and sisters.  If anyone has material plenty and sees a brother or sister in need but has no pity on them, how can the love of God be in that person? 

Little children, let us not love with words or speech but with actions and in truth."

1 John 3:13-18

“The real conflict is the inner conflict.  Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost selves?” 

Maximilian Kolbe

 

Stocks had a rough time today over concerns about the reoccurence of Covid in its variants.

One might expect this concern to fleeting, merely the precipitant for another market churn, a wash and rinse.

The Dollar was slightly higher after a choppy trading day.

Gold finished unchanged, after a fairly energetic bear raid by the bullion banks in the quiet trading hours.

Silver never recovered from its own hit and finished lower.

Let's see how the financiers run the market for the rest of the week. 

Do not envy the ornaments of this wicked and faithless generation.   This is not for you.

Have a pleasant evening.

Stocks and Precious Metals Charts - Just Another Stock Option Expiration

 

"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 

 

Gold and silver in particular were hammered lower. 

The dollar was slightly higher. 

Stocks were weak and gave up some crowd centered in the story stocks. 

Looks like another stock option expiration. 

What a surprise.

Have a pleasant weekend. 

 

Stocks and Precious Metals Charts- Tail Risks - Inflation But Is It Transitory

 

"Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."

London Banker, Lies, Damn Lies, and Libor 

 

“Anything that has more upside than downside from random events (or certain shocks) is antifragile; the reverse is fragile.” 

Nassim Taleb, Antifragile 

 

"Then the kings of the earth, their nobles and their commanders, the rich, the powerful, and every one of their willing slaves and free men, hid in the caves and among the rocks of the mountains.  And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the righteous anger of the Lamb.'" 

 Rev 6:15-16  

 

Coyle: I want to tell you my secret now. I see dead people.
Malcolm: Dead people like, in graves? In coffins?
 Coyle: Walking around like regular people. They don't see each other. They only see what they want to see. They don't know they're dead.

Stocks were off today rather uniformly, ahead of the stock option expiration.

The Dollar moved back higher.

Also moving a bit higher were gold and silver.

Even though the tail and event risks seem pronounced now, the higher probability is that we seething break, if it does, in August or September.

Have a pleasant evening.