22 May 2020

Stocks and Precious Metals Charts - Holiday Weekend - Tempting Fate


“Berlin. I used to love this old city. But that was before it had caught sight of its own reflection and taken to wearing corsets laced so tight that it could hardly breathe. I loved the easy, carefree philosophies, the cheap jazz, the vulgar cabarets and all of the other cultural excesses that characterized the Weimar years and made Berlin seem like one of the most exciting cities in the world.”

Philip Kerr, Berlin Noir: March Violets


“Love is hard to find, hard to keep, and hard to forget.”

Alysha Speer

Stocks were weak once again, but managed to climb up in the very lightly traded afternoon, as they have been often wont to do.

Gold and silver fluctuated ahead of the June option expiration on Tuesday.

There will be a three day holiday for Memorial Day.

Consequences to follow.

Have a pleasant weekend.





21 May 2020

Stocks and Precious Metals Charts - Golden Age of White Collar Crime - Metals Option Expiration on Tuesday 26th


"So, in a curious lurid calm which could not last and yet, it seemed, could not end, the days went by.”

Iris Murdoch


"An entrenched, unfettered class of superpredators is wreaking havoc on American society. And in the process, they've broken the only systems capable of stopping them."

Michael Hobbes, The Golden Age of White Collar Crime

Stocks were slack today, although the broader Russell 2000 futures held up to close unchanged.

Gold and silver were hit hard ahead of the three day weekend with a key futures option expiration coming on Tuesday the 26th.

Let's see how we go into the three day Memorial Day weekend.

Have a pleasant evening.



20 May 2020

Stocks and Precious Metals Charts - Silver Takes the 18 Handle - Here We Go Again


Non Serviam - I Will Not Serve
“The further a society drifts from the truth, the more it will hate those that speak it.”

George Orwell


“I saw Satan fall like lightning from heaven."

Luke 10:18


“We fear men so much, because we fear God so little.  One fear cures another.  When man's terror scares you, turn your thoughts to the wrath of God.”

G. K. Chesterton


"Let no one deceive you in any way; for that day will not come unless the great falling away comes first, and the lawless one is revealed, the man of sin who is destined for destruction."

2 Thessalonians 2:3

Big cap tech has decidedly closed the old gap that was left when the last bubble blow off top collapsed.

This is a monument to the reckless disregard for sound economic principles in the financial system, the fortunate few, and the government particularly of the Republican party and the corporate Democrats.

Silver took the 18 handle. It is amazing once it starts to move.

The Dollar edged lower down to 99.

They have sown the wind, and will reap the whirlwind. I pity only the innocent who will suffer for their arrogant pride and lawlessness.

Have a pleasant evening.




19 May 2020

Stocks and Precious Metals Charts - Technical Reactions - Introspective Market


"Nothing is more steady than the journey into the abyss."

Juli Zeh, Spieltrieb


"All empires fall, eventually.  But why?  It’s not for lack of power. In fact, it seems to be the opposite.  Their power lulls them into comfort.  They become undisciplined.  Those who had to earn power are replaced by those who have known nothing else.  Who have no comprehension of the need to rise above base desires."

Max Barry, Lexicon


"The German people slumber on in their dull, stupid sleep and encourage these fascist criminals; they give them the opportunity to carry on their depredations; and of course they do so.  Is this a sign that the Germans are brutalized in their simplest human feelings, that no chord within them cries out at the sight of such deeds, that they have sunk into a fatal lack of conscience from which they will never, ever awake?"

The White Rose, Second Leaflet

Stocks soared yesterday, and today they were able to strike a new high note, and then fell back for a loss in the afternoon.

Surprisingly enough the NDX closed that old gap in the blow off bubble top of a few months ago.

Well done Fed.

Gold and silver, which were smacked down yesterday, gained it back today.

The Dollar lost some more ground.

The vaccine from Moderna, which was so highly touted for the rally yesterday, seems less substantial today.

And the selling by insiders of their stock certainly raises an eyebrow or two.

People are foolish. They think that they are winning. But they no longer understand the nature and the wagers of the game that they are playing.

Stick a fork in Donny— he's done.

Weighed, and found wanting.

Have a pleasant evening.