Stocks and Precious Metals Charts - The Violent Force and Fraud of Plutocracy

 

“There is a lack of critical assessment of the past. But you have to understand that the current ruling elite is actually the old ruling elite. So they are incapable of a self-critical approach to the past.”

Ryszard Kapuściński, Writing About Suffering

"The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. What needs to be discussed is the terms of the world’s surrender: the needed changes in nominal exchange rates and domestic policies around the world."

Martin Wolf, Financial Times, 12 Oct 2010

"This elite-generated social control maintains the status quo because the status quo benefits and validates those who created and sit atop it. People rise to prominence when they parrot the orthodoxy rather than critically analyze it.  Intellectual regurgitation is prized over independent thought. Voices of the dispossessed, different, and un(formally)educated are neglected regardless of their morality, import, and validity.   Real change in politics or society cannot occur under the orthodoxy because if it did, it would threaten the legitimacy of the professional class and all of the systems that helped them achieve their status."

Kristine Mattis, The Cult of the Professional Class, April 4, 2016

"Mounting a campaign against plutocracy makes as much sense to the typical Washington liberal as would circulating a petition against gravity. What our modernized liberal leaders offer is not confrontation but a kind of therapy for those flattened by the free-market hurricane: they counsel us to accept the inevitability of the situation."

Thomas Frank, Rendezvous With Oblivion, 1 September 2006

"There is not a crime, there is not a dodge, there is not a trick, there is not a swindle, there is not a vice, that does not live by secrecy."

Denis Brian, Pulitzer: A Life, Oct 1, 2001

“If you shut up truth and bury it under the ground, it will but grow, and gather to itself such explosive power that the day it bursts through it will blow up everything in its way.”

Émile Zola, as quoted in Dreyfus: His Life and Letters, 1937

"The one who sat on the throne said, 'Behold, I make all things new.'”

Revelation 21:5

Stocks came into the new year on weakness that prompted selling from the market open, despite the shenanigans in the overnight futures markets.

The Dollar rose sharply to 109 and held.

Gold rallied sharply, as did silver.

VIX remains nearly oblivious.

One day does not a trend make.

But the past week or so has been a rough time for equities, at a time when Santa Claus usually comes to Wall Street.

There is an established order that is holding on tight to a privileged position that looks increasingly unstable.  

As the tremors mount, secrecy abounds to hide the force and fraud that sustains them.

There will be change.  It may not come quietly. 

Have a pleasant evening.

Stocks and Precious Metals Charts - Repentance, Forgiveness, Thankfulness

 

"Hear this, you foolish and heartless people, who have eyes that do not see and ears that do not hear."

Jeremiah 5:21

"They have treated the suffering of my people carelessly, saying, ‘all is well’ when there is no safety. They act shamefully, they commit terrible offenses; and yet they are not ashamed, and do not even know how to blush. They shall be found among those who are fallen."

Jeremiah 6:14-15

"You are a sinful nation, weighed down by lawlessness.  A race of corrupt and wicked children, you have forsaken your Lord, despised the Holy One of Israel, and turned your backs to him."

Isaiah 1:4

“We run heedlessly into the abyss after putting something in front of us to stop us from seeing it.”

Blaise Pascal, Pensées

"He died for all, so that those who live might no longer live for themselves, but for him who died for them and was raised to life.   So from now on we will not regard anyone according to human standards.  Even though we once judged Christ from a human point of view, we no longer do so.  Anyone united to Christ is a new creation.  The old order has passed away.  Behold, all things are made new."

2 Corinthians 5:15-17

"Since God has accepted you to be among the holy people that He loves, you must clothe yourselves with tender mercy, kindness, humility, gentleness, and patience.   Make allowances for each other’s faults, and forgive anyone who offends you.  Remember, the Lord forgave you, so you must also forgive others.

Above all, clothe yourselves with love, which brings us all together in harmony.  And let the peace of the Lord rule in your hearts.   For as members of one body you are called to live in peace.  And always be thankful."

Col 3:12-15


There was a minor flight to safety in the quiet market action today.

The Dollar rose.

Gold rose.

Stocks and silver were trading lower.

And so the year ends.

In His great mercy, even those with terrible sins may seek renewal of life through sincere repentance. 

What stands in their way is their own pride and greed and stubborn hold on the darkness.

Time to seek life.

Have a pleasant New Year's eve.

Stocks and Precious Metals Charts - Hidden Graves of Corruption

 

“Woe to you, Pharisees. For you love to sit in the seats of honor in the synagogues and receive respectful greetings as you walk in the marketplaces. What sorrow is awaiting you. For you are like hidden graves in a field. People walk over them without knowing the corruption.”

“Teacher,” said an expert in religious law, “you have insulted us too, in what you just said.”

“Yes,” said Jesus, “what sorrow also awaits you lawyers and teachers of the law. For you crush people with unreasonable demands, and you never lift a finger to ease their burden. What sorrow awaits you. For you build monuments for the prophets that your fathers killed. But in fact, you stand as witnesses who agree with what your ancestors did. They killed the prophets, and you join in their crime by building the monuments. This is what God in his wisdom said about you: ‘I will send prophets and apostles to them, whom they will kill and persecute.’

As a result, this generation will be held responsible for the murder of all God’s prophets from the creation of the world— from the murder of Abel to the murder of Zechariah, who was killed between the altar and the sanctuary. Yes, it will certainly be held to account against this generation.

What sorrow awaits you scholars of the law. For you remove the key to knowledge from the people. You do not enter the Kingdom yourselves, and you prevent others from entering as well.”

As Jesus was leaving, the scribes and the Pharisees became hostile, and tried to provoke him with their questions."

Luke 11:40-53

"Why can you not understand me? Because you are unable to hear what I say. You belong to your father, the devil, and you live to serve your father’s desires.  He was a murderer from the beginning, and did not stand in the truth, for there is no truth in him.   When he lies he speaks from his heart, for he is a liar and the father of lies."

John 8:43-44

Who are the Pharisees of our time?

The markets were quiet, in a controlled selling event today.

Tomorrow will be even quieter.

Non-Farm Payrolls on the 10th.

 Have a pleasant evening. 

Looking Back to 8 October 2014 - The Empire of Lawlessness

 

Here is a repost of a blog that I wrote in October of 2014. 

 

Sometimes it is good to look back and see what has been.

 

In the spinning of the narrative, one of the goals is to keep people off balance, to hit them from so many directions with so many things that they just become like pieces of driftwood being carried in a powerful stream.

 

 It seems bewildering at times doesn't it?

We forget ourselves, and what we stand for.

Perhaps as this year ends now is a good time to remember.

 

Why this particular post?  It just serves to remind us how long this scam has been running, and how little we have done to change it, divert it.

 

We are divided and distracted, conditioned to tolerate greater outrages against morality and principles.

 

We know what to do.  But doing it is not possible, unless we wrap ourselves in the armor of the love for His sake.  And so most will not remain standing to the end, and will be counted among the fallen. 

Without the protection of love in your heart, you will not stand, no matter how smart or better informed you imagine yourself to be.  

 

You will fall, and not even realize that you have fallen until you are finally shown what you have become, and what it is that you serve.

It's an old and familiar playbook.   

"For the mystery of lawlessness is already at work.  But the one who now restrains it will continue to do so until he is taken away.  And then the lawless one will be revealed, whom the Lord will slay by the breath of his mouth and bring to an end with the splendor of his coming.

The coming lawlessness will be the work of Satan made manifest in all power and false signs and wonders, and in every wicked deception for those who are perishing because they refused to accept the love of the truth to be saved.   For this reason, God permits them a powerful delusion to believe their lies, that all may be condemned who deny the truth and instead take pleasure in lawlessness." 

 

 2 Thessalonians 2:7-12

 

*******************

 

Gold and silver were under some serious pressure after a mid morning hit that was particularly blatant and clumsy.

The pressure continued steadily most of the day with silver really taking it hard.

The Fed minutes came out around 2 PM, and the equity and the precious metal markets headed north like scalded cats, because of the decidedly dovish flavor of the Fed talk.

Is there anyone, and I mean anyone, who reads what I write here who is surprised by this?   If so, then I must not be doing a very effective job of explaining that The Recovery™ is not yet sustainable, and the Fed must continue 'priming the pump' in a somewhat neurotic attempt to invoke the appearance of growth and vitality where none exists.

And why is this?  Because the system has not been reformed, and the financial sector and the one percent continue to take, by far, the greatest share of this monetary stimulus and shove it into their own tax avoiding pockets, and the public be damned.

After the Fed minutes came out, a few of us crossed emails saying, 'is there any doubt why they hit gold and silver this morning?'

There is almost NO doubt in my mind that the Fed and their Bankster owners are actively managing market perceptions while they continue their failing policies, all in the virtuous name of  'instilling confidence.' 

But a portion of the Rest of the World seems intent on calling their bluff.

Well, let's see what happens.

 

It is far too early to call the 'triple bottom' in place. We must see a breaking of the downtrend of lower highs and lower lows.  But the fundamentals remain in place, and for longer term investors, that is what matters the most.

As for stocks, I have mixed emotions. They are running on Fed money expansions, but the organic growth from the economy really is not there yet.

A true stock market junkie and advisor making their living from stocks will keep reciting the 'stay fully invested' mantra.   I became intimately familiar with this mindset as I chose to liquidate a substantial tech stock portfolio prior to the tech bubble crash of 2000.

I remember the big house broker almost yelling at me to 'stay fully invested, these are good companies!'    I liquidated everything and took my money as far away from that firm and Wall Street as I could manage.

And you know what was said on financial television to these people who had been ruined?  "No one MADE them buy those stocks."

And we saw a similar cycle of run up and crash in 2007-2008.  Many were decimated, but Wall Street continued on, keeping its profits, and socializing its losses to the public trust.  Hi ho.

Neo-liberalism breeds sociopaths.  The markets are gods, and people get what they deserve.  If they are tricked, if they are destroyed, they had it coming because they were stupid and weak.   To each as they deserve, and what they deserve from the strong is subjugation and death.

 

And in less than six months I saw many of my friends who took that sort of advice being virtually ruined, as their stock heavy retirement plans evaporated.  And even if they had held, they may not have gotten back to even in the subsequent bubble, because they would not toss out the losers from their portfolios like the Dow, SP 500 and NDX do in order to maintain the illusion.

 

Have a pleasant evening.