Stocks and Precious Metals Charts - Reckless Arrogance, Shameless Greed

 

“Pride is the beginning of sin. It was pride that changed angels into devils; and it is humility that makes men angels. There never has been, and never can be, and there never shall be any sin without pride.

Augustine of Hippo, The City of God

"We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men.   It is not merely that at present the rule of naked force obtains almost everywhere.  Bully-worship, under various disguises, has become a universal religion."

George Orwell, Review of Bertrand Russell's Power, 1939

“Oh where is the noble face of modesty, or the strength of virtue, now that blasphemy is in power and men have put justice behind them, and there is no law but lawlessness, and none act with fear of the gods?”

Euripides, Iphigenia in Aulis

"No warning will suffice to powerful fools who, driven mad by hubris and lust for power, weave the hangman's ropes of their own destruction.  They preach the necessity of hardness, and practice the circumvention of the law for themselves and their associates in injustice.   But when the reckoning comes for them, as it eventually does, they always seem astonished, but unfortunately never to the point of speechlessness.  They will harangue fortune, and all those imaginary enemies who conspired to their downfall, to the bitter end.  The Western elite are in a denial, and a bubble of delusion, so profound that I am concerned that when reality intrudes their reaction will be mishandled, provocative, and likely to hasten a generational change that is already occurring and being fiercely resisted, slowly."

Jesse, Complicity of the Advantaged in the Nakedness of Kings, 19 February 2015

"Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: the struggle against the demon, against the servants of the Antichrist.  Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate."

The White Rose, Fourth Leaflet, Munich, 1942


Stocks were ranging broadly today, with noticeable losses in the early afternoon. 

But they found a 'footing'  and managed to rally back to post some gains by the close.

Look for more instances of this to occur, until at least the November election.

For we are in a time of managed perceptions, and the willful prophesying of illusions.

Gold and silver were sold lower, in anticipation of the Non-Farm Payrolls report on Friday.

Markets in China will be closed for the rest of this week for their 'Golden Week' holiday.

VIX continues to price in fantasy. 

If the lawless will strangle the truth, and murder innocents, rigging markets requires no exceptional effort.

Have a pleasant evening.

Stocks and Precious Metals Charts - Servants of the Unspeakable

 

"The wealth of another region excites their greed; and if it is weak, their lust for power as well.  Nothing from the rising to the setting of the sun is enough for them.   Among all others only they are compelled to attack the poor as well as the rich.  Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

Tacitus, Agricola, circa 98 AD

"For if you for sure change your ways and act justly, if you are fair as you judge between a man and his neighbor, if you do not oppress the stranger from another land, or the child whose parents have died, or the woman whose husband has died, and do not kill those who are not guilty in this place, and stop servnig other gods, for that will destroy you, then I will let you live in this place, in the land of your fathers."

Jeremiah 7:5-7

“Addiction might be the best word to explain the lostness that so deeply permeates society. Our addiction make us cling to what the world proclaims as the keys to self-fulfillment: accumulation of wealth and power; attainment of status and admiration; lavish consumption of food and drink, and sexual gratification without distinguishing between lust and love. These addictions create expectations that cannot but fail to satisfy our deepest needs.

As long as we live within the world's delusions, our addictions condemn us to futile quests leaving us to face an endless series of disillusionments while our sense of self remains unfulfilled. In these days of increasing addictions, we have wandered far away from our Father's home. The addicted life can aptly be designated a life lived in 'a distant country.' It is from there that our cry for deliverance rises up.”

Henri J.M. Nouwen, The Return of the Prodigal Son, 1991

"We have learned nothing, and are emboldened by our willful ignorance.  We make beasts of ourselves, to avoid the pain of our lack of humanity.  We make a private cult out of our own childlike selfishness, sinning shamelessly against the word and the spirit.  We lay down with swine, and call it greatness."

Jesse, 8 October 2021


Stocks were wobbling again today after yesterday's wash and rinse.

Gold and silver fell back, a correction after some extraordinary gains from the breakout.

The Dollar chopped sideways.

VIX ticked higher.

And so we see the end of another week.

They are serving the beast with with a slaughter of innocents, shrouding it in a complicity of lies.

They have shamed and dishonored their oaths.

They think that there will be no consequences, for who can stand against the power of the beast. 

Certainly not even their own people, who remain oppressed by fraud and by force.

And so these exceptional ones slide further, peacefully into the abyss.

The madness serves none but itself.

Have a pleasant weekend.

Stocks and Precious Metals Charts - The Narrow Way Through the Darkness

 

"The barbarian hopes — and that is the mark of him, that he can have his cake and eat it too. He will consume what civilization has slowly produced after generations of selection and effort, but he will not be at pains to replace such goods, nor indeed has he a comprehension of the virtue that has brought them into being. We sit by and watch the barbarian.  We tolerate him in the long stretches of peace, we are not afraid.  We are tickled by his irreverence; his comic inversion of our old certitudes; we laugh.  But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles.”

Hilaire Belloc, This and That and the Other, 1912

"Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system."

The White Rose, Second Leaflet, Munich 1942

"Gloom is no Christian temper; that repentance is not real, which has not love in it; that self-chastisement is not acceptable, which is not sweetened by faith and cheerfulness.  We must live in sunshine, even when we sorrow; we must live in God's presence, we must not shut ourselves up in our own hearts, even when we are reckoning up our past sins.  As many as are our sins, His grace is greater.

Great mercy indeed, which we forget because we are used to it; which many prophets and righteous men in the first ages of the Gospel had not, yet which we have had from our youth up.  We from our youth up have lived in peace; with no persecution, no terror, no hindrance in serving God.  The utmost we have had to endure, is what is almost too trifling for a Christian to mention — cold looks, or contempt, or ridicule, from those who have not the heart themselves to attempt the narrow way.

Our sins are more in number than the hairs of our head; yet even the hairs of our head are all numbered by Him.   He counts our sins, and, as He counts, so can He forgive; for that reckoning, great though it be, comes to an end; but His mercies fail not, and His Son's merits are infinite."

John Henry Newman, Present Blessings, 1839

 

US equities did a major 'pop and flop' today, as a wash and rinse is more colloquially known.

I have not looked into what event or which component of the DXY index caused the Dollar to take a precipitous swan dive this afternoon. 

But its always something.

Big Trouble in Little Bank Land if it starts a fresh slide below 100.

Gold and silver managed to spike some new highs today, as gold futures breached $2700 and silver briefly tagged the $33 mark.

Non-Farm Payrolls next week.

Wars are simmering around the globe with most of them marked with the fingerprints of Blinken and his Merry Pranksters.

Have a pleasant evening.

Stocks and Precious Metals Charts - Rustling Leaves, Whispers On the Lips of the Dead

 

"We wonder, and some hunter may express
Wonder like ours, when through the wilderness
Where London stood, holding the wolf in chase,
He meets some fragment huge, and stops to guess
What powerful but unrecorded race,
Once dwelt in that annihilated place."

Horace Smith, Ozymandias, 1818

“The essence of the this-time-is-different syndrome is simple.  It is rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now.

The lesson of history, then, is that even as institutions and policy makers improve, there will always be a temptation to stretch the limits.  Just as an individual can go bankrupt no matter how rich she starts out, a financial system can collapse under the pressure of greed, politics, and profits no matter how well regulated it seems to be.

In sum, historical experience already shows that rich countries are not as 'special' as some cheerleaders had been arguing, both when it comes to managing capital inflows and especially when it comes to banking crises.”

Carmen Reinhart and Kenneth Rogoff, This Time Is Different: Eight Centuries of Financial Folly, 2009

"Babylon will not live again.
It will be desolate, for generations.
Nomads will not pitch tents there,
or shepherds bed their flocks.
Desert animals will roam the city,
its homes filled with howling creatures.
Owls will live among the ruins,
and wild goats will dance.
Hyenas will watch from its towers,
and jackals rule hopeless palaces.
Babylon’s days are numbered;
its time of destruction is coming."

Isaiah 13:20-22

“When you see the desolation of abomination standing where it should not, let those who seek knowledge understand, then flee from Judea to the mountains."

Mark 13:14

Stocks turned in a very mixed performance today, with the broader market showing the greatest weakness, and the heart of the bubble, the tech stocks, showing more resilience.

The Dollar took back the 50 cents it gave up yesterday.  

Gold was unchanged.   Silver gave up some ground back to the 32 handle.

VIX wallows.

War fever continues to build.

The incumbent party and its candidates have a strong vested interest in the strength of equities and the illusion of victory in foreign adventures, at least until the November elections.

The mighty rise and are fallen.  The word and the spirit endure.

Have a pleasant evening.