“One day, we will have to stand before the God of history. And we will talk in terms of things we've done. And its seems to me that I can hear the God of history saying, 'That was not enough. For I was hungry, and you fed me not. I was naked, and you clothed me not. I was devoid of a decent sanitary house to live in, and you provided no shelter for me. And consequently, you cannot enter the kingdom of greatness.'" Martin Luther King
I am going to post the charts a bit early today. I will make any changes the next time that I post them on Monday.
Later- I have added the additional charts including the gold and silver inventories. Nice drawdown in Hong Kong.
It is going to be raining here on and off all weekend. The young man had a half day at work, and we are going to do finish up a little light concrete work that I had started earlier today.
Stocks were weak until after the European close. They then drifted higher to finish the day largely in the green.
Gold and silver were held in their current positions where they have been coiling for some days now.
"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
"The disempowered want change; those in power want predictability and consistency. The more you can guarantee predictability and consistency to those in power, the more those in power will reward you."
Caitlin Johnstone
“Anyone who deprived her of something she wanted deserved what he got.”
Jim Thompson, The Grifters
And Michelle Obama apparently 'shames' women for not voting for Hillary. Just cannot understand why the women failed, and let the Democratic leadership down, refusing to accept their qualified guidance.
"God has a way of standing before the nations with judgment, and it seems that I can hear God saying to America, 'You're too arrogant! And if you don't change your ways, I will rise up and break the backbone of your power, and I'll place it in the hands of a nation that doesn't even know my name. Be still and know that I'm God.'"
Martin Luther King, It's a Dark Day In Our Nation
“O Jerusalem, Jerusalem, you who murder your prophets and stone those sent to save you. How often I have longed to gather your children together, as a hen gathers her chicks under her wings, but you were not willing. Behold, your house is now yours, but is made desolate."
Matthew 23:37-39
"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects... Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Death by Government: A History of Mass Murder and Genocide Since 1900
“Power attracts the corruptible. Suspect any who seek it.”
Frank Herbert, Dune
"Fascism is capitalism plus murder."
Upton Sinclair
Such a worrier I seem today. for no one is being murdered yet, right? Or at least anyone that matters. Just the usual collateral damage of empire.
Stocks backed up a little today, led by the tech heavy NDX, which had been the lead on the latest bubble up without pause.
I don't know if this is The top, but it was sure looking toppy in short term grossly overbought conditions.
Even the markets need to exhale now and then.
Silver put a move on 17 today, but then settled back down to around 16.70. Gold was leashed all day.
The Dollar lost a little from yesterday.
Need little, want less, love more. For those that abide in love abide in God, and God in them.
"If I thought my truth was meant for one
who could return into the world,
this flaming light would stir no more.
And yet, since none, if what I hear is true,
have returned alive from this abyss, then
without fear of facing shame I answer you."
Dante, Inferno
"'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 rises from the dead.’”
Luke 16:27-31
"Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves after a fashion; but they cannot understand destitution. Capable of giving alms, perhaps, but incapable of stripping their own souls bare, they may be moved to the sound of beautiful music, to Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them. They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat.
In the end, the only real tragedy is not to have been a saint."
Léon Bloy
Stocks rose to new highs today. Why not? The prevailing narrative of the established powers, also known as The Recovery™, supports it.
The broader public can pick up the tab for this determined misrepresenting and mispricing of risks later on.
Gold and silver were largely unchanged on a largely unchanged Dollar.
Gold needs to take out 1300 and silver 17.
How sad it would be, not to be able to hear the music of the cherubim, as they sing their hymns of love to their Lord. In hell, all love is drowned out by the indignation and complaints of the unworthy who can never have enough of themselves, and so suffer in an endless desert, devoid of all love.
“What is hell? I maintain that it is the suffering of being unable to love.”
Fyodor Dostoyevsky, The Brothers Karamazov
Need little, want less, love more. For they who abide in love abide in God, and God in them.
Let us pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil.
We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness. And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.
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