Stocks and Precious Metals Charts - Silencing the Truth - Making a Desolation

 

"In February 1933 after the Reichstag fire journalist Carl von Ossietzsky was arrested and held without trial for revealing the Nazi secret rearmament. Despite an international outcry and the Nobel Peace Prize (1935) he died in custody of abuse and medical neglect on 4 May 1938.

In the same year that the journalist Carl von Ossietzsky died in prison for revealing the Nazi government rearmament, Time Magazine named Adolf Hitler its 'Man of the Year.' Top US industrialists and financiers were supporting the Nazis and continued to do so well into the war."

Jesse, Carl von Ossietzsky, X, March 22, 2024

"Many of us like to ask ourselves, 'What would I do if I was alive during slavery?  Or the Jim Crow South?   Or apartheid?  What would I do if my country was committing genocide?'  The answer is, you're doing it.  Right now."

Aaron Bushnell, died in protest by self-immolation, February 24, 2024

"You who murder your prophets, and abuse those whom God has sent as messengers to you. How often I have longed to gather your children together, as a hen gathers her young under her wings. But you would not let me. As you have willed it, so your house is now yours to command— but it is made desolate.’”

Matthew 23:37-38
 

Stocks were digesting their recent highs today.

Gold and silver fell.

As a reminder there is an important precious metals futures option expiration on the Comex on this coming Monday the 25th.

Hence the 'Dr. Evil' type price action we have seen, ie. a big push up followed by an even bigger smack down.

VIX is near its recent lows.

Have a pleasant weekend.

Stocks and Precious Metals Charts - Götterdämmerung - The Gods Would First Make Mad

 

"War is a racket. It always has been. It is easily the most profitable, surely the most vicious.  It is the only one in which the profits are reckoned in dollars and the losses in lives.  Only a small 'inside' group knows what it is about.  It is conducted for the benefit of the very few, at the expense of the very many.  Out of war a few people make huge fortunes."

US Major General Smedley D. Butler, War Is a Racket, 1935

“The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.  The war is not meant to be won, it is meant to be continuous.”

George Orwell, 1984

"The problem of the last three decades is not the 'vicissitudes of the marketplace,' but rather deliberate actions by the government to redistribute income from the rest of us to the one percent."

Dean Baker, The Vicissitudes of the Market Would Be a Big Improvement, 29 September 2014

"One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them."

Thomas Sowell

"As the boom developed, the big men became more and more omnipotent in the popular or at least the speculative view. The Exchange is a market place where prices reflect the basic law of supply and demand, yet even the most devout Wall Streeter allows himself on occasion to believe that more personal influences have a hand in his destiny.   Somewhere around there are big men who put stocks up and put them down.   The big men decided to put the market up, and even some serious scholars have been inclined to think that a concerted move catalyzed this upsurge."

J. K. Galbraith, The Great Crash of 1929, 1955

"As flies to wanton boys are we to the gods; They kill us for their sport."

William Shakespeare, King Lear

"History will view the last 20 years as a period of collective madness in the United States.   It is a madness brought on by the gods to the proud and those who would be as gods, but stumble and fall through a tragic flaw, an error in judgement.   Often that flaw is related to the strength that had made them great.  The US can fall from greatness through pride and imbalanced judgement, and therein lies the recipe for tragedy."

Jesse, 15 April 2008

Stocks did a grand rally up to new highs, and then flopped over into the close.

The VIX fell.

The Dollar surged.

Gold and silver rallied hard from the overnight, and then were sold in New York.

As a reminder there will be a Comex precious metal April futures option expiration on Monday, the 25th.

Our magnificent elite, our exceptionals, our masters of the universe, would be as gods, serving none, with power over all.

And this is their twilight approaching.  

Have a pleasant evening.

Stocks and Precious Metals Charts - Burning Dollars and Making Sense - Everybody Back in the Pool!

 

"Such unsustainable social arrangements are backed by force and fraud. And as the fraud loses its power over time, force must increase, until there is an end in genuine reform, or eventual self-destruction."

Jesse, Credibility Trap, 24 August 2012

"It is difficult to reduce a population of free men into debt slaves, without risking a significant reaction. Therefore, it seems most likely that the government and the Fed will try to 'muddle through' for the time being, and look for an exogenous event to break the stalemate.

The traditional solution has been a military conflict, which stifles dissent against the government while generating artificial demand sufficient to energize the productive economy. It is a means of exporting your social misery, official corruption, and fiscal irresponsibility to another, weaker people. [war, what is it good for?  Misdirection and distraction."

Jesse, The Speculative Bubble in Equities, 10 October 2009

"The lie is comfortable, an illusion easy to live with, familiar, and safe."

Jesse, Western Elite Are in the Firm Grip of Fear, Fraud, and Denial, 16 May 2010

"A value-dictated, purely fiat, currency exists through force and fraud. As the fraud grows thin and obvious, the greater and more pervasive the force must become. If imports are needed, wars of aggression will follow to extend and maintain the 'sphere of influence', a euphemism for control. When force finally falters, the currency collapses. A value-dictated, purely fiat currency is not an innovation— it is among the oldest forms of tyranny."

Jesse, Slip Sliding Away, 5 March 2019

"It can be useful to witness a currency die first hand in order for the true nature of a monetary system to be fully understood. Such a systemic failure strips the commonly held but essentially arbitrary assumptions about official valuations bare. It exposes the fraud behind the force, and the force that sustains the fraud."

Jesse, Force and Fraud, 20 February 2019

 

Chairman Powell and His Merry Prankster gave the markets the easy policy high sign today, and they responded with bullish vigor.

The SP 500 and the NDX went out on the highs, and all time highs at that.

Gold and silver headed north like rockets, and pretty much kept quite a bit of the gains.

VIX plummeted.

The Dollar plummeted.

This was not so much a risk on trade as a 'what risk' trade.

And this was a bit puzzling because the Fed overall raised their outlook for inflation and growth of the economy, but did not touch their projected three rate cuts.

It may not happen tomorrow or Monday, but I suspect fairly soon the markets will also take a closer look at this apparent mismatch, and then the next rinse may commence.

I made some nice coin today so it's not so much that.  It's just that I wouldn't care so much if I were watching this trainwreck unfolding from a much further way off. 

What the US has been doing to Julian Assange, through their servants in the UK et al. is a shameful and thuggish violation of everything they are supposed to stand for.

That the corporate media ignores this shows how worthless and unprincipled they have become. 

 Geopolitical risks are boiling, with the Neo-con chicken hawks running amok.

Wake up, Joe!  This is your legacy for which some day you will required to answer. 

Have a pleasant evening.