Stocks and Precious Metals Charts - Into the Wilderness - Sous Vide

"The Marxist political parties, including the Social Democrats and their followers, had fourteen years to prove their abilities.  The result is a heap of ruins.   All around us are symptoms portending this breakdown.  With an unparalleled effort of will and of brute force the Communist method of madness is trying as a last resort to poison and undermine an inwardly shaken and uprooted nation.

In fourteen years the November parties have ruined the German farmer.  In fourteen years they created an army of millions of unemployed.  The National Government will carry out the following plan with iron resolution and dogged perseverance.  Within four years the German farmer must be saved from pauperism.  Within four years unemployment must be completely overcome.

Our concern to provide daily bread will be equally a concern for the fulfillment of the responsibilities of society to those who are old and sick. The best safeguard against any experiment which might endanger the currency lies in economical administration, the promotion of work, and the preservation of agriculture, as well as in the use of individual initiative."

Adolf Hitler, Radio Appeal to the German People, February 1, 1933


"Both religion and socialism thus glorify weakness and need.  Both recoil from the world as it is: tough, unequal, harsh.  Both flee to an imaginary future realm where they can feel safe.  Both say to you.  Be a nice boy.  Be a good little girl.  Share.  Feel sorry for the little people.  And both desperately seek someone to look after them—whether it be God or the State.

A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings,to slaves, to instruments... One cannot fail to see in all these noble races the beast of prey, the splendid blond beast, prowling about avidly in search of spoil and victory; this hidden core needs to erupt from time to time, the animal has to get out again and go back to the wilderness.”

Friedrich Nietzsche


“At a certain point in their historical cycles, social classes become detached from their traditional parties. In other words, the traditional parties, in their particular organisational bias, with the particular men who constitute, represent and lead them, are no longer recognised by their class as their own, and representing their interests. When such crises occur, the immediate situation becomes delicate and dangerous, because the field is open for violent solutions, for the activities of unknown forces, represented by charismatic 'men of destiny' [demagogues].

The old world is dying, and the new world struggles to be born:  now is the time of monsters.”

Antonio Gramsci, Prison Notebooks, 1930-35


"Be human in this most inhuman of ages; guard the image of man for it is the image of God.  You agree?  Good.  Then go with my blessing.  But I warn you, do not expect to make many friends.  One of the awful facts of our age is the evidence that it is stricken indeed, stricken to the very core of its being by the presence of the Unspeakable."

Thomas Merton, Raids on the Unspeakable

Stocks were weak again today, on geopolitical concerns, the continuing trade war with China, and of course the weakening global economy.

Gold was off a bit. I don't think gold or silver are going to be able to break out until after the Comex option expiration for the big December contract next week on the 25th.  Since this is so obvious there may be a 'twist' but I am not counting on it.

So I am not adding anything to my gold or silver trading position for now, even on weakness. We are well within the bounds of the chart consolidation formation.

As for stocks, I took my leveraged short position off intraday, as we went down to the lower bound of the trading channel. If it breaks down from here we might see some chop and then perhaps a waterfall. Remember what happened last December?

Even with the Fed adding liquidity in liberal amounts to the Banks, it may not be enough if the real economy decides to hit the exits. One might wonder if they have already put one foot out the door.

There is quite a bit of willful self-delusion going around these days. People are sticking their heads into news sites and sources that tell them what they wish to hear. That may not be such a good thing when reality comes crashing through.

I am cooking sous vide for the first time.  It literally means 'under vacuum.'  I have wanted to do it for a while, but I needed to pick up a good machine to vacuum seal the roast in a cooking bag for the long, slow cooking under water at 130°F.    I'll let you know how the top round roast I put in today for tomorrow's dinner comes out.

Be human, in this most inhuman of ages and times. It is unlikely that you will find the truth, or lasting comfort, from those who have pledged their souls to money, and power, and influence, and the darkness of this world.

It profits a man nothing, if they trade their soul for the whole world—  but for a brief political and economic advantage?   Better to stand on the truth, and for the truth, and with something worthy that lasts, come what may.  And that is the heart of the matter, and of the desperate struggle in which we are all engaged.  For the sake of our souls and for those that we love.

Have a pleasant evening.

Stocks and Precious Metals Charts - As Old As Babylon, and Evil as Sin - The Reivers

"After Alexander the Macedonian, Philip’s son, who came from the land of Kittim, had defeated Darius, king of the Persians and Medes, he became king in his place, having first ruled in Greece.

He fought many battles, captured strongholds, and put the kings of the earth to death.   He extended his rule to the ends of the world, gathering plunder from many nations.  The earth itself fell silent before him, and his heart became arrogant and proud."

1 Maccabees 1:1-3


"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."

R. J. Rummel, Death by Government: A History of Mass Murder and Genocide Since 1900


"This is as old as Babylon, and evil as sin.  It is the power of the darkness of the world, and of spiritual wickedness in high places.  The only difference is that it is not happening in the past, or in a book, or in some vaguely frightening prophecy— it is happening here and now."

Jesse


"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.  Plunder, rape, and murder they falsely call empire; and where they make a desert, they call it peace."

Tacitus

Stocks slipped today, as the trade war with China was kicked up a notch by the Congress resolution in support of Hong Kong protests.

But seriously, stocks had hit a very obvious high note yesterday, at least for the short term. I came in pretty short based on that if/come, and took half off intraday.

The Fed and their Banks may be able to blow a little more hot air into this financial asset bubble, but the shadows are lengthening and the hour grows late.

How nice of Sweden to drop their trumped up charges against Assange, now that Uncle Thug and its merry minions of empire have managed to betray his freedom, and wear down his body and spirit.

O Jerusalem, Jerusalem, you who murder

Gold and silver moved sideways again.  I don't think that they are going to break free ahead of the Comex options expiration next week.

Have a pleasant evening.

Stocks and Precious Metals Charts - Metamorphoses

'And the people who belong to the World worshiped the Beast.'

"It was a day of surprises, a day that solved past riddles and suggested new ones, a day of startling revelations, and still more hopeless perplexity...  It all ended in a way no one could have expected. Indeed it was a day of most extraordinary coincidences."

Fyodor Dostoevsky, Demons


“Thus did a handful of rapacious citizens come to control all that was worth controlling in America.  Thus was the savage and stupid and entirely inappropriate and unnecessary and humorless American class system created.  Honest, industrious, peaceful citizens were classed as bloodsuckers, if they asked to be paid a living wage.

And they saw that praise was reserved henceforth for those who devised means of getting paid enormously for committing crimes against which no laws had been passed. Thus the American dream turned belly up, turned green, bobbed to the scummy surface of cupidity unlimited, filled with gas, went bang in the noonday sun.”

Kurt Vonnegut, God Bless You, Mr. Rosewater


"...we had come to the stage where for our people what was needed was a real democracy; and of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of a plutocracy."

Theodore Roosevelt, Autobiography


Margaret Roper:   Haven't you done as much as God can reasonably want?

Thomas More:    Well, finally— it isn't a matter of reason.   Finally, it's a matter of love.

Robert Bolt, A Man For All Seasons


“Stand up for what you believe, even if you are standing alone.”

Sophie Scholl

Stocks tried to break out above the overhead resistance today, but failed and fell back to end the day largely unchanged. Tech managed to hold a little gain.

Gold and silver and the Dollar were higher today, as the appetite for financial asset risk waned a bit.

There is no sustainable recovery. Just the continuous drip, drip, drip of Fed assistance to Wall Street and its Banks.

So what do you want to do tonight, Marty?

Stay beautiful.

Have a pleasant evening.

Stocks and Precious Metals Charts - Plutocracy Plundering on a Sea of Change

"Day by day the money-masters of America become more aware of their danger, they draw together, they grow more class-conscious, more aggressive.  The [first world] war has taught them the possibilities of propaganda; it has accustomed them to the idea of enormous campaigns which sway the minds of millions and make them pliable to any purpose.

American political corruption was the buying up of legislatures and assemblies to keep them from doing the people's will and protecting the people's interests; it was the exploiter entrenching himself in power, it was financial autocracy undermining and destroying political democracy. By the blindness and greed of ruling classes the people have been plunged into infinite misery."

Upton Sinclair, The Brass Check


"Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction."

Erich Fromm


“We must alter our lives in order to alter our hearts, for it is impossible to live one way and pray another.

If you have not chosen the kingdom of God first, it will in the end make no difference what you have chosen instead.”

William Law

Stocks had a wide-ranging day, driven to and fro by macroeconomic and geopolitical rumors, on a sea of Fed-provided liquidity.

The Dollar finished lower as gold and silver were slightly higher.

There is room for thought on the charts this week regarding how the wiseguys might be trying to play the price of gold and silver, in anticipation of the December futures contracts options expiration next Monday, November 25^th.

Stocks seem rather fully valued here. But value is relative, and the Dollar is the yardstick, heavily seasoned with duplicity and coercion.

Have a pleasant evening.