Stocks and Precious Metals Charts - Danger Closing In - A Cult of Erratic Malignancy

 

“They’ll [DOJ] redact every Republican or conservative person in those files, leave all the liberal, Democratic people in those files, and have a very slanted version of it come out… without really seeing any of their bad behavior,” admitted Joseph Schnitt, Acting Deputy Chief at the Office of Enforcement Operations for the U.S. Department of Justice (DOJ), on hidden camera to an undercover OMG journalist. Schnitt confirmed that the government is in possession of an extensive trove of Epstein-related documents but warned that any release would be politically manipulated.

Schnitt admitted that “There’s thousands and thousands of page-open files,” and further described how the department would handle disclosure of the material: “If they’re released in any way, it’s going to be very redacted.”

He further revealed new information regarding Epstein co-conspirator Ghislaine Maxwell. “She got transferred to a minimum security prison,” Schnitt said, despite her conviction as a sex offender. “It’s against BOP policy because she’s a convicted sex offender. And they’re not supposed to get minimum security prisons, which is an interesting detail because she’s getting a benefit, which means they’re offering her something to keep her mouth shut.”

Schnitt also revealed internal conflict within federal law enforcement over the release of said files. “The head of FBI [Kash Patel] really wants to… second-in-command [Dan Bongino] at FBI has been causing problems, because he’s like, ‘No, these [Epstein Files] have to be released.’ He added, “The FBI wants them out. The top two guys that will do it. But they work for Bondi, so… Bondi wants whatever Trump wants. Internally there’s a lot of conflict.”

Despite public assurances that the government has been transparent, Schnitt admitted that nothing substantive has been revealed: “Whatever they’ve released has already been publicly released anyway, so they haven’t released anything new. Even though they were the ones that were claiming that they were going to release everything.”

O'Keefe Media, DOJ Deputy Chief Admits They Will Redact Every Republican from the Epstein Files, September 4, 2025


Stocks tumbled again today, but had a bit of a stick save into the close.

There will be a stock option expiration on Friday.

And there will be a precious metals option expiration on the Comex on Monday the 24th.

I think it will take an event of some moderate significance to break the support that Scott Bessent of the Treasury and his Wall Street hedge fund cronies are employing to keep the bubble floating.

The smart money is getting out now.  But the least scrupulous traders will keep dancing while the music is playing, dancing and looting the real economy until it hits the wall.  And then they will try to stick the public with the tab.

The US is now operating with a flywheel, without serious adult supervision to rein in the wackier ideas that pop out seemingly out of nowhere and gain a momentum without any serious strategic and even tactical consideration.  

Words like 'out of control' come to mind.  'Reckless disregard' are some others.  The cult of personality is still standing but support, particularly among those with access to alternative news media, is melting.

There are too many signs of a deterioration in judgement, and a growing cult of erratic malignancy. 

The Europeans have let the irresponsible take control.  I don't see how you can view the things they are doing and saying and come to any other conclusion. 

Tough times ahead.  Until something breaks.

Have a pleasant evening.  

Stocks and Precious Metals Charts - The Tyranny of Idols and Counterfeit Gods

 

"When truth is replaced by silence, the silence is a lie."

Yevgeny Yevtushenko, Open Letter, NY Times, 1974

“The great enemy of truth is very often not the lie — deliberate, contrived and dishonest — but the myth — persistent, persuasive and unrealistic. We subject all facts to a prefabricated set of interpretations. We enjoy the comfort of opinion without the discomfort of thought."

John F. Kennedy, Commencement Address, Yale University, June 11, 1962

"The righteous hate words that are deceitful, but the lawless are shameless in their disgrace."

Proverbs 13:5

“Above all, do not lie to yourself.  A man who lies to himself and listens to his own lie comes to a point where he does not discern any truth either in himself or anywhere around him, and thus falls into disrespect towards himself and others.  Not respecting anyone, he ceases to love, and having no love, he gives himself up to passions and coarse pleasures in order to occupy and amuse himself, and in his vices reaches complete beastiality, and it all comes from lying continually to others and himself.  A man who lies to himself is often the first to take offense.”

Fyodor Dostoevsky, The Brothers Karamazov, 1880

“An idol is anything more important to you than God. Anything that absorbs your heart and imagination more than God. Anything you seek to give you what only God can give.”

Timothy Keller, Counterfeit Gods: The Empty Promises, 2011

It has been said that primitive societies build their gods from metal and stone, and advanced societies build theirs in flesh and blood.

Bully worship, the grave adoration of idols, is the cult of our modern sophisticates.

Stocks slumped badly today, but miraculously were pumped up slowly into the close to finish green.

Like the suppression of gold and silver, the inflation of overpriced equities can only continue for so long, can be hidden only for so long.

And then they will break free, and the results may be tumultuous.

There are ways to address this.  But our elites are so bought and complicit that I don't think we can make any progress on this, until we achieve political reform.

Gold and silver were smacked lower today.  It's mostly about the management of perceptions.

There will be a stock option expiration next week.

VIX came in hot but then drifted much lower, as the Treasury and Fed poured liquidity on troubled waters.

"The Employment Situation for September 2025 will be released on Thursday, November 20, 2025, at 8:30 AM Eastern Time."

None of this really matters in the long run.

In the short term, however, we have an obligation as with any generation to never give up the fight against the malign intents of the privileged few, and the ebb and flow of lawlessness.

Release the Epstein files, you lawless ones.

Audit the gold reserves, and make the information transparent and available.   This is the wealth of the nation, and you are only appointed caretakers, not rules. 

Have a pleasant weekend. 

Stocks and Precious Metals Charts - A Shelter in the Storm

 

"At times our own light goes out and is rekindled by a spark from another person. Each of us has cause to think with deep gratitude of those who have relighted the flame within us."

Albert Schweitzer

"The sinner, having forsaken the service of his God, falls under the dominance of Satan, and becomes the slave of his lowest passions, which are signified by the swine which the prodigal was forced to feed. But the more he obeys his passions, the more dissatisfied he becomes. No pleasure of the senses can give him happiness, and he feels an emptiness and spiritual hunger in his heart which he is powerless to satisfy. He knows no rest; he only knows that he is miserable, and hateful to himself...

Though the sinner has offended Him so grievously and so often, yet He does not reproach him, but forgives him everything, and restores him to his former rights and dignity of sonship.  God alone can love in this way, and to us this sort of love is inconceivable.  Our Lord portrays this narrow-mindedness of ours in the conclusion of the parable. 

The elder son cannot understand his father’s joy; he murmurs at it, and refuses to take part in it; and even professes to believe that his father prefers the returned prodigal to himself, the faithful, obedient and industrious son.  By this behaviour of the elder son our Lord signifies the jealousy of the Pharisees, who considered themselves to be just, and murmured at the deep interest which Jesus took in sinners."

Friedrich Justus Knecht, The Prodigal Son

‘Which of these three do you think was a neighbour to the man who fell into the hands of robbers?’ And the expert in the law replied, ‘The one who showed mercy to him.’ 

And Jesus said, ‘Go and do likewise.’"

Luke 10:36-37


We are all lost without the help of the Lord. 

Stocks slumped hard today, and a rally attempt into the close popped and flopped.

Is this the expected correction?   Maybe, it's too soon to tell.   

Stocks need to break quite a bit lower before we would start populating a CrashTrak model.

But as I have often said, we are one event, one crisis of sufficient magnitude away of a collapse in this bubbly market of mispriced risk.

Gold and silver gold off a bit.

Bitcoin has fallen to the bottom of its trading range.  A further decline could trigger some cascade selling as leverage starts to bite.

VIX climbed quite a bit.

Some of this may be due to the revelations that Donnie apparently was hiding the truth about his involvement in the Epstein affair, and several key figures of his cabinet are deeply compromised.

Or it could be the ongoing provocations and war crimes in Latin America that seem to be a conflict of opportunity for oil and distraction.

Or the boiling conflicts in the Mideast, which the US and UK enable. 

Or the proxy war in Ukraine.

Quite mess.

But it is not just a problem in the US.  As Matt Hoh observes, Europe Is at War With Itself. 

This is no isolated problem.  It is an infection of almost diabolical obsession throughout the West.

We are all lost without the help of the Lord indeed.

But the good news literally is that this help, this beacon of light in the storm, is always there for us.

We just have to let go of our pride and corrupt emotions and ambitions and choose to come home.

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Revelations: Approaching Peak Lawlessness

 

"You made this monster, and as long as things were going well you gave him whatever he wanted.  You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you.”

Friedrich Reck-Malleczewen, Diary of a Man in Despair, 1947

"So for one who knows the right thing to do and does not do it, it is a sin."

James 4:17

"I’m not against business, or profits, or becoming wealthy.  I have no problem with people becoming billionaires—if they got there by winning a fair race, if their accomplishments merit it, if they pay their fair share of taxes, and if they don’t corrupt their society.  But that’s not how most of the people mentioned in this book became wealthy.  Most of them became wealthy by being well connected and crooked.  And they are creating a society in which they can commit hugely damaging economic crimes with impunity, and in which only children of the wealthy have the opportunity to become successful. That’s what I have a problem with."

Charles Ferguson, Predator Nation, 2012

"If you have bitter jealousy and selfish ambition in your hearts, do not act proudly and tell lies against the truth. This 'wisdom' does not come down from above but is worldly, unspiritual, and demonic. For where jealousy and selfish ambition exist, there is lawlessness and every kind of evil."

James 3:14-16

"If there are damned souls in Hell, it is because men blind themselves.”

E.A. Bucchianeri, Faust: My Soul Be Damned for the World, 2010

The big news in the markets is the remarkable rebound of gold and silver from the opportunistic decline managed by the Banks in the latter part of October.

Silver in particular is in a very strong bull market.

What do you think that global market participants are telling us with this resilient strength in the price of gold and silver? 

The Dollar is muddling along.

VIX is sleepwalking along the rim of a volcano.

Bitcoin is still in harvesting mode, with the big market players shoving the price back and forth in a fairly well-defined trading range.

Hang on.  It's going to be a rough ride.

“So do not be afraid of them, for there is nothing which they conceal that will not be revealed, or hidden, that will not be made known. What is spoken in the dark will be heard in the light; what is whispered in the ear will be shouted from the rooftops." Matthew 10:26-27

Have a pleasant evening.