Stocks and Precious Metals Charts - Bipolar Markets Dancing to the Banker's Tune

 

“Do not fear.  Stand your ground and see the victory the Lord will win for you.   For these Egyptians whom you see today you will never see again.   The Lord will fight for you; you have only to keep still.” 

Exodus 14:13-14

 

Stocks rallied higher today, gaining back most of yesterday's losses, as the bipolar nature of this market continues to enchant its fevered spokesmodels.

Gold and silver finished a little lower, while the Dollar DX index finished six cents higher, just below 93. 

What will they think of next.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - Of What Use Are the Victories - Churn and Burn

 

“Thus says the Lord who created you,
and He who formed you:
'Fear not, for I have redeemed you;
    I have called you by name;  you are mine.
When you pass through the waters, I will be with you;
    and through the rivers, they shall not overwhelm you;
when you walk through fire you shall not be burned,
    and the flame shall not consume you.'"

Isaiah 43:1-2 

 

"Do not be surprised, my brothers and sisters, if the world hates you.  We know that we have passed from death to life, because we love one another.  Anyone who does not love is in thrall to death. Anyone who hates a brother or sister is a murderer.  And you know that no murderer has life eternal residing in him.

This is how we know what love is: the Lord laid down his life for us. And we ought to lay down our lives for our brothers and sisters.  If anyone has material plenty and sees a brother or sister in need but has no pity on them, how can the love of God be in that person? 

Little children, let us not love with words or speech but with actions and in truth."

1 John 3:13-18

“The real conflict is the inner conflict.  Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost selves?” 

Maximilian Kolbe

 

Stocks had a rough time today over concerns about the reoccurence of Covid in its variants.

One might expect this concern to fleeting, merely the precipitant for another market churn, a wash and rinse.

The Dollar was slightly higher after a choppy trading day.

Gold finished unchanged, after a fairly energetic bear raid by the bullion banks in the quiet trading hours.

Silver never recovered from its own hit and finished lower.

Let's see how the financiers run the market for the rest of the week. 

Do not envy the ornaments of this wicked and faithless generation.   This is not for you.

Have a pleasant evening.

Stocks and Precious Metals Charts - Just Another Stock Option Expiration

 

"What makes the silver (and gold) manipulation the perfect crime are a number of elements; short term price control through High Frequency Trading, compliant regulators and the fact that most victims don’t even realize they are being had, as the sellers are mostly just reacting to the deliberately-set lower prices.

It’s hard to end an ongoing crime in progress when so many don’t realize it is in progress. 

Worse, there are still some who profess that there is no manipulation underway. And for the few who do realize what’s really going on, what can you do about it when the regulators are in bed with the manipulators? 

Perhaps the options are limited, but that’s not the same as non-existent." 

Ted Butler, Busting the Perfect Crime 

 

Gold and silver in particular were hammered lower. 

The dollar was slightly higher. 

Stocks were weak and gave up some crowd centered in the story stocks. 

Looks like another stock option expiration. 

What a surprise.

Have a pleasant weekend. 

 

Stocks and Precious Metals Charts- Tail Risks - Inflation But Is It Transitory

 

"Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."

London Banker, Lies, Damn Lies, and Libor 

 

“Anything that has more upside than downside from random events (or certain shocks) is antifragile; the reverse is fragile.” 

Nassim Taleb, Antifragile 

 

"Then the kings of the earth, their nobles and their commanders, the rich, the powerful, and every one of their willing slaves and free men, hid in the caves and among the rocks of the mountains.  And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the righteous anger of the Lamb.'" 

 Rev 6:15-16  

 

Coyle: I want to tell you my secret now. I see dead people.
Malcolm: Dead people like, in graves? In coffins?
 Coyle: Walking around like regular people. They don't see each other. They only see what they want to see. They don't know they're dead.

Stocks were off today rather uniformly, ahead of the stock option expiration.

The Dollar moved back higher.

Also moving a bit higher were gold and silver.

Even though the tail and event risks seem pronounced now, the higher probability is that we seething break, if it does, in August or September.

Have a pleasant evening.

Stocks and Precious Metals Charts - Places in the Heart

 

"My Lord God, I have no idea where I am going.  I do not see the road ahead of me.  I cannot know for certain where it will end.  Nor do I really know myself, and the fact that I think I am following Your will does not mean that I am actually doing so.

But I believe that the desire to please You does in fact please You. And I hope I have that desire in all that I am doing. I hope that I will never do anything apart from that desire. And I know that, if I do this, You will lead me by the right road, though I may know nothing about it. 

Therefore I will trust You always though I may seem to be lost and in the shadow of death. I will not fear, for You are ever with me, and You will never leave me to face my perils alone. Amen."

Thomas Merton, Thoughts in Solitude 

 

"'I beg you, father, send Lazarus to my family, for I have five brothers.  Let him warn them, so that they will not also come to this place of torment.’ 

Abraham replied, ‘They have Moses and the Prophets; let them listen to them.’ No, father Abraham,’ the rich man said, ‘but if someone from the dead appears to them, they will repent.’ 

And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’” 

Luke 16:27-31

 

“Man has places in his heart which do not yet exist— and into them enters suffering, in order that they may have life.” 

Léon Bloy

 

So it was then, and so it is now. 

Stocks were mixed today, with the tech heavy NDX once again stretching up towards 15,000 and then falling back. 

Gold and silver rallied, and managed to hold their gains.

The Dollar dropped, giving back most of its recent gains.

Wash, rinse, repeat.

There will be a stock option expiration on Friday.  

Comex option expirations next week, most notably for silver.

Google seems to be tinkering with their blogger platform which I use.

I have now lost ability to update the MATIÈRES À RÉFLEXION.

And you may have noticed the lack of a photo montage in the header for this blog lately.

As people complain these missteps seem to get sorted.   It is downstream from HTML code I use to create the blog itself, or upstream depending on one's perspective, so there is not much that I can do.     

It is a bit annoying, but the price for the service is still right.  lol

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - The Bailout Boys - Banks Kick Off 2Q Earnings Season

 

"Whenever I groan within myself and think how hard it is to keep writing about love in these times of tension and strife which may, at any moment, become for us all a time of terror, I think to myself: what else is the world interested in?  What else do we all want, each one of us, except to love and be loved, in our families, in our work, in all our relationships?

God is Love.  Love casts out fear.  Even the most ardent, seeking to change the world, to overturn the tables of the money changers, is trying to make a world where it is easier for people to love, to stand in that relationship to each other. There can never be enough of it." 

Dorothy Day 

 

“To whom will the sublime beauty of a sunset or a Ninth Symphony of Beethoven reveal itself, but to one who approaches it reverently and unlocks their heart to it?  To whom will the mystery that lies in life and manifests itself in every plant reveal itself in its full splendor, but to one who contemplates it reverently?  

But those who see in it only a means of subsistence or of earning money, that is, something that can be used or employed, will not discover the meaning, structure, and significance of the world in its beauty and hidden dignity.” 

Dietrich von Hildebrand, The Art of Living

A high side CPI print and a weak 30 year treasury auction had US debt yields rising.

And with interest rate concerns came the inevitable weakness in cyclical recovery stocks, and a minor flight over to the 'growth' modern story stocks in big tech.

Gold managed to hold a gain, in what we might dare suspect was and to its inflationary resilience?

Silver fell down lower because of its industrial components most likely.

Jay Powell will be testifying to the Congress tomorrow.

The Fed Has Changed From a Central Bank to a Bailout Kingpin

There will be a stock option expiration on Friday.

Have a pleasant evening.