Stocks and Precious Metals Charts - Dancing On a Volcano - Plunger Pelosi

 

"We want to go on the record, here and now, that the past scandals of the New York Stock Exchange are going to look like minor hiccups when the history of the current New York Stock Exchange era is written." 

Wall Street On Parade, December 30, 2021

 

"The whole town and all its inhabitants are quite drowned in carnival din, masks and confetti. And on top of that the news of the Reichstag fire. Dancing on a volcano." 

Alban Berg, Letter from Berlin, September 1, 1933

 

"When we look back on this period in time with the perspective of history, we will see markets dominated by control frauds and mispricing of risk that will seem painfully obvious.   

Why do we not see this now?  Why did so few see it coming 2007, and in 2000?  Perhaps because the money is too good, and our societal judgement is too corrupted, often willfully so.   

Bubbles have a surprising resiliency, as does evil in a hardened heart.  And for the same reasons."

Jesse, April 2021

 

"Niemand gibt uns eine Chance
Doch können wir siegen
Für immer und immer
Und wir sind dann Helden

Obwohl sie
Unschlagbar scheinen
Werden wir Helden."

David Bowie, Helden

 

"For in the end, the only real tragedy is not to have been a saint."

Léon Bloy

This market has one foot on a banana peel and the other in the abyss.

It is a thinly masked, simmering volcano of the mispricing of risk, created and sustained by fraud.

Gold and silver rallied.

The Dollar rose slightly in a sideways chop.

Stocks sold off weakly in light volumes.

Tomorrow is the last trading day of the year.

Nancy Pelosi, the shameless stock speculator.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - The Adults Have Laft the Building

 

"It is an ironic habit of human beings to run faster when they have lost their way." - 

Rollo May

 

"And with many other words he testified, and pleaded with the crowd, saying, `Save yourselves from this twisted generation.'" 

Acts 2:40

 

"It is a day on which the junior people, semi-professional greeters, and B class spokesmodels who are stuck working on a long holiday week play on the big empty floor, growing emptier by the day as volume migrates to the Matrix, and the dark pools of the vampire squids." 

Jesse, NYSE:Well of Emptiness, 27 November 2009

Except for a bear raid on the precious metals this morning it was a suitably boring day.

If they want to encourage trading they should start giving green stamps.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Pause That Regresses

 

"God is light, and there is no darkness in him.  So if we say we have a loving relationship with him, but continue to walk in darkness, we are not living the truth.  But if we are living in the light, as God is light, then we will have a loving relationship with each other, and the blood of His son Jesus cleanses us from all sin.

If we claim we have no sin, we deceive ourselves and the truth is not in us.  But if we repent of our sins, he is faithful as well as just, and will forgive us our sins, and cleanse us from our lawlessness.  But if we claim we are without sin, we make God a liar, and his word has no life in us." 

1 John 1:5-10

 

"These people speak with malice about those things which they do not understand.   Like instinctive animals, they follow where their passions lead them, and so bring about their own destruction." 

Jude 1:10-13 

 

“It's impossible that there could be the plague, because everyone knows that it has vanished from the West.  We should not act as though half the town were threatened with death, because then it would be.

Yes, everyone knew that, except the dead."

Albert Camus, The Plague

 

Stocks paused today on their fabulous journey to new bubble heights. 

Gold and silver were off a bit. 

The Dollar chopped sideways but finished marginally higher. 

The VIX is going back to sleep. 

And so we shamble into a new year. 

Have a pleasant evening. 

 

 

 

Stocks and Precious Metals Charts - Here Comes Santa Claus - Paint the Tape

 

"Sorrowful will be those who draw out evil with cords of deceit,
And with ropes pull a legacy of sinfulness behind them.
Who say, 'Let the Lord make haste, and bring His judgement that we may see it.
Let the end times come, that we may know them.'

Sorrows will fill those who call evil good, and good, evil,
Who promote darkness as light, and call light as darkness,
And the bitter as sweet, and the sweet, bitter.
Woe to you who are so wise in your own eyes,
And clever in your own sight."

Isaiah 5:18-21

 

"Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable.  This is what too few are willing to see." 

Thomas Merton 

"And because of the increase in wickedness, the love of most will grow cold. But those who stand firm to the end, will be saved." 

 Matthew 24:12

 

 Stocks were steadily drifting higher on light volumes.

Barring some exogenous event, this is how they like to paint the tape for the end of year.

If the specs start leaning too hard on the melt up we might see a wash and rinse, after we see the big houses close their books.   

Or before.   It's always something.

The Dollar chopped sideways on the 96 handle.

Gold and silver were higher.

VIX of course dropped.

Underneath the markets, a simmering volcano.

Have a pleasant evening.