Stocks and Precious Metals Charts - Souls Lost In a Field of False Flags

 

"Through its monopoly over the media, the ruling oligarchy can repeatedly blame all its failures on others, and divert attention to external threats – either real or imaginary.  When you live under such an oligarchy, there is always some crisis or other that takes priority over boring stuff such as healthcare and pollution.  By manufacturing a never-ending stream of crises, a corrupt oligarchy can prolong its rule indefinitely.”

Yuval Noah Harari, 21 Lessons for the 21st Century, 2018

"I organized the [false flag] incident under orders from Reinhard Heydrich and Heinrich Müller, chief of the Gestapo. On the night of 31 August, a small group of German operatives dressed in Polish uniforms and led by Naujocks seized the Gleiwitz radio station and broadcast a short anti-German message in Polish. The operation was to make the attack and the broadcast look like the work of Polish anti-German saboteurs."

SS-Sturmbannführer Alfred Naujocks, Testimony at the Nuremberg trials, 20 December 1945

"If you know American foreign policy, false flags are the essence of that.  And if you study the CIA as I have for a lifetime, you know that false flags are actually their method of operation.  It launches coups, assassinations, wars. The whole history of the United States after 1947 is bringing down governments."

Jeffrey Sachs, Interview with Piers Morgan, 5 December 2024

"Some men want war for sordid, others for idealistic, reasons; some for personal gain, others for impersonal principle. But most of those who consciously want war and accept it, and so help to create its 'inevitability,' want it in order to shift the locus of their problems."

C. Wright Mills, The Causes of World War III, 1960

"Foreigners and those who disagree with us are not thought of as men and women like ourselves and our fellow-countrymen; they are thought of as representatives and symbols of a class.  In so far as they have any personality at all, it is the personality we mistakenly attribute to their class – a personality that is, by definition, intrinsically evil.

We know that the harming or killing of men and women is wrong, and we are reluctant consciously to do what we know to be wrong.  But when particular men and women are thought of merely as representatives of a class, which has previously been defined as evil and personified in the shape of a devil, then the reluctance to hurt or murder disappears.

Rulers of nations and leaders of parties find morality embarrassing.  That is why they take such pains to depersonalize their opponents.  All propaganda directed against an opposing group has but one aim: to substitute diabolical abstractions for concrete persons.  The propagandist’s purpose is to make one set of people forget that certain other sets of people are human.  By robbing them of their personality, he puts them outside the pale of moral obligation."

Aldous Huxley, Words and Behaviour, 1936


In looking back over the past 30 years or so, I recognize that I have had a serious misconception of how certain things work in this fallen world.  The solution is not to find knowledge and share it. Knowledge does not create morality. 

You cannot foster goodness and moral improvement by showing people the reality of things.  To the contrary, more knowledge can often just help to create more effective devils in those so inclined.

And a corollary of this is that just 'knowing more things' does not necessarily make one a better person.  Some of the better educated people in our Lord's time on earth were the Pharisees and the Romans.  And their hypocrisy is well-documented, to the point of being legendary.

"'It is easier for a camel to pass through the eye of a needle than for one who is rich to enter the kingdom of God.'  When the disciples heard this, they were greatly astonished and said, 'Who then can be saved?' Jesus looked at them and said, 'For human beings this is impossible, but for God all things are possible.'”    Matthew 19:24-26

This is the reason why the efficient markets hypothesis and the trend to self-regulation is hoo-haw.  People are not naturally give to the rational, so providing more and better information about how things work does not cause they to be 'better.'

Another modern myth shot to hell.

Stocks dumped today, but found a footing and came back in the light last hour of trading.

The economic news this morning 'sucked out loud', as the youngsters (those under 40) might say. 

Donnie says he has 'big news' for us tomorrow night at 9 PM EST.  Since I am not clairvoyant, and am not able to see changes to the personal stock portfolios of some of our government luminaries, I have no idea what this is, and how it will affect the markets.

Odds are it will be a big nothing, or a big sounding something that is pure wind. 

Gold and silver wobbled around as did the Dollar.  The silver market is interesting of late.  I think we have been seeing someone with deep pockets sitting on silver with a limit buy that keeps absorbing the paper selling on the Comex and whack-a-mole selling on the London LBMA.

The other day I read that Samsung has a new lithium battery technology that utilizes silver that solves a lot of lithium-ion problems, and its going into mass production next year.  This is correlated to the Electric Vehicle market, and the buildouts of solar farms for AI centers.

Since I expect the AI tech bubble to go the way of the 2001 tech bubble, this might not be as long term reassuring as I might hope. But it will be nice to see the silver racket with a hole blown through it.

A similar situation has existed for some time now with gold, as its bull rally is underpinned by steady and strong physical buying by the non-Western central banks. 

VIX fell again.

Bitcoin bounced back a little, remaining in the recent trading range it has channeled.  It seems a bit dicey, but the major players don't want to kill their golden goose just yet.

Corrections and rallies come and go.  But the risk markets are primed for a 10-20% correction.  I think it will take an 'event' to crash through the support levels patrolled by Secretary Bessent and his boy at the NY Fed and ESF.  

It might not even be a US-centric event.  A crash in the Japan carry trade might get the ball rolling for example.  Or some unfortunate series of event in the Mideast as another.

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 - The Comex, and Other Archaic Remnants of Festering Decay

 

“The most ‘worldly’ society I have ever lived in is that of schoolboys: most worldly in the cruelty and arrogance of the strong, the toadyism and mutual treachery of the weak, and the unqualified snobbery of both.  

Nothing was so base that most members of the school proletariat would not do it, or suffer it, to win the favour of the school aristocracy: hardly any injustice too bad for the aristocracy to practice.  But the class system did not in the least depend on the amount of anyone’s pocket money.

I have already lived in a world from which Mammon was banished: it was the most wicked and miserable I have yet known.  If Mammon were the only devil, it would be another matter.  But where Mammon vacates the throne, how if Moloch takes his place?  As Aristotle said, ‘Men do not become tyrants in order to keep warm.’

All men, of course, desire pleasure and safety.  But all men also desire power and all men desire the mere sense of being ‘in the know’ or the ‘inner ring’, of not being‘outsiders’: a passion insufficiently studied and the chief theme of my story.  When the state of society is such that money is the passport to all these prizes, then of course money will be the prime temptation.  But when the passport changes, the desires will remain.”

C.S. Lewis, A Reply to Professor Haldane, 1966

"Moloch: any cause to which a dreadful sacrifice is made or destruction is due."

The Chambers Dictionary, 1872


As a reminder, today was the most significant precious metals options expiration of the year on the Comex.

The good thing one might say about the casino known as the Comex is that it is not as unproductive to an industry as that archaic remnant called the LBMA.

Stocks rallied on the 'good news' that peace is at hand in the Ukraine.

Let us hope that this comes to pass.  It was achieved already, in the Minsk agreement for example where both parties were ready to sign, but the West's elite decided it was worth sacrificing a few million more young Ukrainians and Russia to Moloch. 

War is good for business.  And it doesn't take talent to make money from it.  Shamelessness will suffice.

Gold and silver bolted higher as the option expiration passed.  These jokers don't even try to hide it anymore. 

This Thursday is a national holiday of Thanksgiving in the US.  And so there will be nothing posted here after Tuesday.   Maybe something on the sleepy half day of Wednesday if something notable occurs.

Have a pleasant evening. 

Stocks and Precious Metals Charts - Led Down a Blind Alley and Strangled

 

"Every thing secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity."

John Dalberg Lord Acton, Letter to Richard Simpson, 23 January 1861

"Banking and corporations have largely monopolized power in Western Civilization and in American society.  They are ruthlessly going forward to eliminate land, labour, entrepreneur-management skills and everything else the economists once told us were the chief elements of production.  

The only element of production they are concerned with is the one they control: capital.  Thus capital intensification has destroyed food, manufacturing, farming and communities.  All these processes result in the instability and disorder we see around everyday."

Carroll Quigley, The Oscar Iden Lecture Series, Georgetown University 1978

"Over a protracted period of good times, capitalist economies tend to move from a financial structure dominated by hedge finance units to a structure in which there is large weight to units engaged in speculative and Ponzi finance."

Hyman Minsky, The Financial Instability Hypothesis, May 1992

“The corporate revolution will collapse if we refuse to buy what they are selling – their ideas, their version of history, their wars, their weapons, their notion of inevitability."

Arundhati Roy, War Talk, 2003

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."

Fyodor Dostoevsky, Notes from the House of the Dead, 1862

"You shall not offer your children as a sacrifice to the fires of Moloch, and profane the name of your Lord."

Leviticus 18:21


Stocks continued to wobble today, stabilizing a bit into the last hour but still finishing in the red.

VIX rose but then backed off a bit. 

The Dollar chopped sideways.

Gold and silver were smacked around as usual.

It is well to remember that the most important precious metals option expiration on the Comex for this year will be on Monday, the 24^th.  

These are not regulated markets.   There are levels of lawlessness being tolerated because it benefits a rich and powerful few, the public and the health of the economy be damned. 

And this is why the Congress and White House continue to twist themselves into knots to cover up and hide the sexual, political, and financial corruption of the Epstein scandal. 

And how, over time, we have come to tolerate war crimes including genocide, and extra-judicial murder.  We are truly exceptional. 

“So much for Caligula the Emperor.  The rest of this history must deal with the Monster."
  Suetonius, The Twelve Caesars

Have a pleasant evening. 

 

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 - Cheated by the Artifices of False and Designing Men

 

"The liberties of our Country, the freedom of our civil constitution are worth defending at all hazards: And it is our duty to defend them against all attacks.  We have received them as a fair inheritance from our worthy ancestors:  They purchased them for us with toil and danger and expense of treasure and blood; and transmitted them to us with care and diligence.  It will bring an everlasting mark of infamy on the present generation, enlightened as it is, if we should suffer them to be wrested from us by violence without a struggle; or be cheated out of them by the artifices of false and designing men."

Samuel Adams, Essay in the Boston Gazette, October 14, 1771

"Fascism begins the moment a ruling class, fearing the people may use their political democracy to gain economic democracy, begins to destroy political democracy in order to retain its power of exploitation and special privilege."

Tommy Douglas, quoted in Straight Through the Heart, 1995

"As nightfall does not come at once, neither does oppression.  In both instances, there is a twilight when everything remains seemingly unchanged.  And it is in such twilight that we all must be most aware of change in the air - however slight - lest we become unwitting victims of the darkness."

William O. Douglas, Supreme Court Justice, The Douglas Letters, 1987

"When you legitimize yourself entirely by inventing enemies, the truth ceases to matter, normal restraints of civilization and decency cease to matter, the checks and balances of normal politics cease to matter.  The dangers of fascist politics come from the particular way in which it dehumanizes segments of the population.  It limits the capacity for empathy among other citizens, leading to the justification of inhumane treatment, from repression of freedom, mass imprisonment, and expulsion to, in extreme cases, mass extermination."

Jason Stanley, How Fascism Works, 2018

“Truth and love will overcome lies and hatred.  The dormant goodwill in people needs to be stirred.  People need to hear that it makes sense to behave decently or to help others, to place common interests above their own, to respect the elementary rules of human coexistence.  

They want to be told this publicly.  They want to know that those ‘at the top’ are on their side.  They want to feel recognized and cultivated.  For goodwill to develop and have an impact it must hear this, so that the world does not ridicule it.”

Vaclav Havel, Summer Meditations, 1991 

This was an interesting Comex option expiration day for the precious metals, primarily gold.

The metals were under early selling, but as the day wore on gained a footing and rallied back for a gain.

Silver in particular just crushed the metals bears.

VIX rose initially, but then fell back during the day as well.

The Dollar rallied sharply and held it.

Bitcoin continued to slide and closed below 110k.

Let's see what happens tomorrow, and how things are held into the weekend.

Have a pleasant evening.