Stocks and Precious Metals Charts - Sleepytime

The trading volume has slowed to a crawl as most of the adults have left for the Hamptons and various shore points for the long Memorial holiday weekend.

If anything significant happens I will add it later on.

Non-Farm Payrolls Report next week.

Need little, want less, love more.

Hav a pleasant weekend.

Stocks and Precious Metals Charts - Nemesis

"The Fates are just: they give us but our own; Nemesis ripens what our hands have sown."

John Greenleaf Whittier


“Through pride we are ever deceiving ourselves. But deep down below the surface of the average conscience a still, small voice says to us, something is out of tune.”

C.G. Jung

It was an interesting Comex options expiration for precious metals today, thanks to Trumpolini who cancelled the upcoming summit with North Korea.

The markets initially slumped on this, and there was a run for the safe havens in the precious metals.

The Dollar sold off a bit from its recent highs. According to Bloomberg there was a flight to safety in the yen. Say what? lol

The US is heading into a three day weekend, with Monday being Memorial Day.

There will be a Non-Farm Payrolls Report for May next Friday.

I would not be surprised to see the precious metals longs get at least one 'gut check' for those new positions they may be hold post-expiration.

The markets are pricing in a 100% chance of a Fed rate increase in June, so look for it. If they do not then something is going wrong with The Recovery™.

Equities are priced for complacency and the masters of the universe are feeling fully in control.

This is not going to end well.  But no one will have seen it coming, again.

Have a pleasant evening.

Stocks and Precious Metals Charts - This Forgotten Babylon - Small Things and Tender Mercies

"Remember, my brothers and sisters, that few of you were wise in the world’s eyes or powerful or wealthy when God called you.   God chooses those that the world considers foolish in order to shame those who think they are wise.  And He chooses those that are powerless to shame those who are powerful.

God has chosen things despised by the world, small things counted as nothing at all, and has used them to bring to nothing what the world considers important.   As a result, no one can ever presume to boast in the presence of God."

1 Corinthians 1:26-29


"In Egypt's sandy silence, all alone,
Stands a gigantic Leg, which far off throws
The only shadow that the Desert knows:
I am great Ozymandias, saith the stone,
The King of Kings; this mighty City shows
The wonders of my hand. — The City's gone,
Nought but the Leg remaining to disclose
The site of this forgotten Babylon."

Horace Smith, Ozymandias


"Do not consider his appearance or his height, for I have rejected him. The Lord does not look at the things people look at. People judge by outward appearance, but the Lord looks into the heart.”

1 Samuel 16:7


“We have been called to heal wounds, to unite what has fallen apart, and to bring home those who have lost their way.”

Francis of Assisi, Fioretti di San Francesco

Stocks were weak in the early going, but caught quite a bid after the release of the Fed minutes. The Fed is determined to keep raising rates, but made sufficiently dovish noises to make stock punters feel frisky.

This is no surprise here, because the Fed is raising rates to give themselves some room to perform policy actions with rates when this latest asset bubble which they have created implodes.  And it will.

The Dollar also was higher, bumping up against the 94 handle.

Surprisingly enough gold not only held its ground but moved a little higher. It had a funny little dipsey doodle in the early going which is a classic trading move designed to shake out the stop loss orders.

Tomorrow is an expiration for precious metals on the Comex.

Need little, want less, love more.

Have a pleasant evening.

Stocks and Precious Metals Charts - Complexities and Simplicities and Misdirections

“Many people think of our times as being the last before the end of the world. The evidence of horror all around us makes this seem possible.  But isn't that a consideration of only small importance?   Doesn't every human being, no matter which era he lives in, always have to reckon with being accountable to God at any moment?  Can I know whether I'll be alive tomorrow morning?"

Sophie Scholl


"He has shown you what is good. The Lord requires you to act justly, and to love kindness and mercy, and to walk humbly with your God."

Micah 6:8

Fraud is wrapped in complexities, of the most artificial kinds, which aid one to deceive and be deceived.

Goodness walks with simplicity in the light.

We know what we are to do. But we make it complicated on purpose, and raise issues and false considerations.  Our darker selves resist the simplicity of the Lord, and the plainness of His tender mercies.

Grandeur and complications are the trappings of weakness and insecurity.  If someone cannot explain plainly what it is that they do or propose in response to a honestly informed question, without cloaking it in jargon and tenuous rationales, then one might well suspect its soundness.

And if simple questions are answered with ad hominem attacks, then you can be almost sure it is poorly constructed, at best and fraudulently misdirected at worst.

Stocks were attempting to rally today, but fell off towards the close of trade as the tweets of Trumpolini raised doubts about the meeting with North Korea.

The precious metals are in stasis, in observance of the upcoming options expiration on the Comex this Thursday.

It was a bit thrilling to watch the launch of the Iridium LEO satellite on a Falcon 9 rocket this afternoon. I remember when the LEO concept was first floated out as a commercial possibility, way back when. Our team was doing custom satellite work under contract for the government, and some VSAT work for commercial enterprises.

It is nice and refreshing to see the brainpower and energy of the US being used for something other than fictionalization and fraud.

Have a pleasant evening.