Stocks and Precious Metals Charts - The Truth Will Be Known By Our Works

 

"Mark! where his carnage and his conquests cease.
He makes a solitude, and calls it— peace."

George Gordon Lord Byron, The Bride of Abydos

“In a democracy dissent is an act of faith. Like medicine, the test of its value is not its taste but its effect, not how it makes people feel at the moment but how it makes them feel and moves them to act in the long run. Criticism may embarrass the country’s leaders in the short run but strengthen their hand in the long run; it may destroy a consensus on policy while expressing a consensus of values. There is, or ought to be, such a thing as being too confident to conform, too strong to be silent in the face of apparent error.

Criticism, in short, is more than a right; it is an act of patriotism, a higher form of patriotism, I believe, than the familiar rituals of national adulation. Throughout our history two strands have coexisted uneasily; a dominant strand of democratic humanism and a lesser but durable strand of intolerant Puritanism. There has been a tendency through the years for reason and moderation to prevail as long as things are going tolerably well or as long as our problems seem clear and finite and manageable. But when some event or leader of opinion has aroused the people to a state of high emotion, our Puritan spirit has tended to break through, leading us to look at the world through the distorting prism of a harsh and angry moralism.”

J. William Fulbright, The Arrogance of Power

“What shall I say about this generation? John the Baptist did not drink wine, and often went without food, and you called him mad. And I, the Messiah, both eat and drink, and you say that I am a glutton and a drunk, and am friends with the worst sort of sinners. The truth will be known by your works.*

Matthew 11:16-19


Stocks attempted to extend their post FOMC rally today, but were primarily successful in the morning, with the bright optimism of better things ahead fading into the close.

The Dollar weakened.

Gold and silver both rallied impressively, breaking through overhead resistance with authority.

Again, the vault reports from Hong Kong contain little additional information except that bullion levels remain rather low.

Perhaps this is some effect from the Lunar New Year.

My son is in Asia with his bride, and celebrating with her in Singapore.   The food they are having has me very envious, the hot and incredibly humid weather, not so much.

Need little, want less, love more.   For those who abide in God abide in love, and love in them.

Have a pleasant evening.

Stocks and Precious Metals Charts - Unrighteous and Boldly Unrepentant in the Darkness

 

“If we go as far as we can into the darkness, regardless of the consequences, I believe a midnight truth will free us from our bondage to violence and bring us to the light of peace.”

James W. Douglass, JFK and the Unspeakable

"Words can be like tiny doses of arsenic: they are swallowed unnoticed, appear to have no effect, and then after a little time the toxic reaction sets in after all. The never ending alarms, the never ending phrases, the never ending hanging out of flags, now in triumph, now in mourning—it all produces apathy. There is so much lethargy in the German people, and so much immorality, and above all so much stupidity. I must make notes even now, I must, no matter how dangerous it is. That is my professional courage."

Victor Klemperer, I Will Bear Witness 1933-41 A Diary of the Nazi Years

"An ordinary human being, with a personal conscience, personally answering for something to somebody and personally and directly taking responsibility, seems to be receding farther and farther from the realm of politics. Politicians seem to turn into puppets that only look human and move in a giant, rather inhuman theatre; they appear to become merely cogs in a huge machine, objects of a major civilizational automatism which has gotten out of control and for which nobody is responsible."

Vaclav Havel, 24 May 1993

"At first, the love of money, and then that of power began to prevail, and these became, as it were, the sources of every evil.   For avarice subverted honesty, integrity and other honorable principles and, in their stead, inculcated pride, inhumanity, contempt of religion and general venality.  Ambition prompted many to become deceitful; to keep one thing concealed in the breast and another ready on the tongue; to estimate friendships and enmities, not by their worth, but according to interest; and to carry rather a specious countenance than an honest heart.   These vices first advanced but slowly, and were sometimes restrained by correction; but afterward, when their infection had spread like a pestilence, the state was entirely changed, and the government, from being the most equitable and praiseworthy, became the most rapacious and insupportable."

Sallust, Conspiracy of Cataline

"In spite of all this they have fallen away, and it is not possible to bring them back again to repentance.  For to their shame they are crucifying the Son of God once again, and are holding him up to public humiliation."

Hebrews 6:6

The FOMC decision today was a big nothing, and that was reinforced in his press conference by Jerome Powell.

But the wash and rinse must be served.

Let's see how the rest of the week goes, and try to look for the reality behind the nonsense.

The word is that the Covid virus was indeed man-made in the laboratory, but it wasp only tested in Wuhan, but actually crafted here in the states, possibly at the University of North Carolina according to Jeffrey Sachs.

Let's how the monstrous revelations on this proceed.  The information is being concealed may prove to be enlightening. 

There are many now who are serving evil without consciously realizing it in their convenient delusion.

But they will be held responsible for every thing that they do, and every word that they say.

You do not want to be among them when judgement comes.

Have a pleasant evening.

Stocks and Precious Metals Charts - Resist the Command To Do Evil

 

"History teaches us that the capacity of things to get worse is limitless."

Chalmers Johnson, Nemesis: The Last Days of the American Republic, 2007

"Gold is absolute objectivity. It is blind, like justice.   It has no politics and ideology, no likes or dislikes, no friends or enemies.  All it recognizes is its possessor, whom it serves faithfully as long as he has it.  Indeed there can be no criterion, no other standard than gold.  Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence."

Charles de Gaulle

"Sacrifice and offering you did not want,
     but my ears you have opened.
Burnt sacrifice and sin offerings you did not require,
     so I said, 'Here I am, I have come,
I desire to do your will, my God;
    for your law is written on my heart.'”

Psalm 40:7-8

"Those who can make you believe absurdities, can make you commit atrocities. If you do not use the intelligence with which God endowed your mind to resist believing impossibilities, you will not be able to use the sense of injustice which God has planted in your heart to resist a command to do evil "

François-Marie Arouet Voltaire, Question sur les miracles, 1765


Although we do not look for it, and few expect it, the time for choosing is always upon us.

And judgement follows.  

But distractions are abundant, and the rewards of lawlessness seem sweet. 

Who will dare judge us?   Have we not become the princes of all that we can see?

Today was a typical option expiration for the metals on the Comex.  The test of the longs occurred yesterday, and after this morning it was taking profits and short-covering.

However, there will be an FOMC decision and press conference tomorrow, and the markets will be listening to what Joltin' Jay has to say, especially in regard to the new President's dictum for lower rates.

VIX fell.

The Dollar chopped.

More physical gold was drained out of the Hong Kong vaults, although they seem to be keeping up with it.

I used to pay more attention to the activity in the New York vaults, but they changed their reporting mechanisms somewhat radically a few years ago, in response to the observations that there was fairly little physical gold on hand.

Now it is almost impossible to determine what it is that they are holding that is genuine or merely paper.

Mission accomplished. 

So let's see what happens tomorrow.

In the meantime, gold prices hit a record high in China.

At some point the call will come, and NY and London will be weighed, and found wanting.

Just as it happened in 1971.

Have a pleasant evening.

Stocks and Precious Metals Charts - Phantoms of Lawlessness

 

"We have been silent witnesses of evil deeds; we have been drenched by many storms; we have learnt the arts of equivocation and pretence; experience has made us suspicious of others and kept us from being truthful and open; intolerable conflicts have worn us down and even made us cynical.

If we look more closely, we see that any violent display of power, whether political or religious, produces an outburst of folly in a large part of mankind; indeed, this seems actually to be a psychological and sociological law: the power of some needs the folly of others. It is not that certain human capacities, intellectual capacities for instance, become stunted of destroyed, but rather that the upsurge of power makes such an overwhelming impression that men are deprived of their independent judgment, and give up trying to assess the new state of affairs for themselves."

Dietrich Bonhoeffer, Letters and Papers from Prison, 1943-1945

“I get tired of the darkness all around me. The darkness itself seems to borrow, from the sinners who live in it, the gift of their speech. I hear its mocking accents: 'It's all a dream, this talk of a heavenly country of a God who made it all, who is to be yours  in eternity. All right, go on longing for death!  But death will make nonsense of your hopes; it will only mean a night darker than ever, the night of mere non-existence!'

This world is a ship, not your home.  What mysteries will be revealed to us later. How often have I thought that I perhaps owe all the graces showered upon me to the earnest prayers of a little soul whom I shall know only in Heaven.

It is God's will that in this world by means of prayer heavenly treasures should be imparted by souls one to another, so that when they reach their home with the Father they may love one another with a love born of gratitude, with an affection far, far exceeding the most ideal family affection upon earth.

There we shall meet with no indifferent looks, because all the saints will be indebted to each other.  No envious glances will be seen; the happiness of every one of the saved will be the happiness of all. With the Martyrs we shall be like to the Martyrs; with the Doctors we shall be as the Doctors; with the Virgins, as the Virgins; and just as the members of a family are proud of one another, so shall we be of our family, without the least jealousy.

Who knows even if the joy we shall experience in beholding the glory of the great Saints, and knowing that by a secret disposition of Providence we have contributed to it, who knows if this joy will not be as intense and sweeter perhaps, than the happiness they will themselves possess.

And do you not think that on their side the great Saints, seeing what they owe to quite little souls, will love them with an incomparable love? Delightful and surprising will be the friendships found there - I am sure of it. The favored companion of an Apostle or a great Doctor of the Church, will perhaps be a young shepherd lad; and a simple little child may be the intimate friend of a Patriarch. Oh! how I long to dwell in that Kingdom of Love.

Time is but a shadow, a dream; already God sees us in glory and takes joy in our eternal blessings. How this thought helps my soul! I understand then why He lets us suffer... Life is passing, Eternity draws closer: soon shall we live the very life of God. After having drunk deeply at the fountain of bitterness, our thirst will be quenched forever at the very source of all sweetness."

Thérèse de Lisieux


The AI bubble in tech stocks was burst over the weekend, as some of hidden mystique of the US Big Tech AI juggernaut was apparently revealed to be at least in part a new era financialization scheme.

Nvidia led the way lower, dragging the associated stock indices down with it.

This massive selling prompted some of the talking heads to come to the defense of the sector, often with some fairly hilarious results.   

But it also prompted some liquidation selling, which played into the usual slam on gold and silver preceding the Comex futures options expiration tomorrow.

If one has eyes to see and ears to hear, the truth can be found without a great deal of effort.  But it poses a risk, that one cannot comfortably drift along with the prevailing narrative of the Western oligarchs.

FOMC coming up on Wednesday.

If the metals weather the usual shenanigans of the kleptocracy it looks to be in good shape on the charts.

Remember what is important.  And it is not the bluster of the usual suspects in politics and the media.

The world does not love you.  Its servants do not care about you or yours.

The power of some needs the folly of others.

They are passing like shadows, constructs of illusions and lies, lacking all substance, soon to be gone and forgotten.

Do not foolishly give your hearts and souls to them.

Have a pleasant evening.