23 April 2018

Stocks and Precious Metals Charts - King Dollar Rallies - Comex Metals Option Expiration

"Propaganda is the executive arm of the invisible government."

Edward Bernays

"The lady doth protest too much methinks."

William Shakespeare, Hamlet

Stocks opened higher, but were a bit wobbly most of the day.  They managed to rally back into the close, ending up largely unchanged from the close last Friday.

The US Dollar was rallying from the overnight and hit a new high for the year. It is still within a longer term trading range however.

Despite what Larry Kudlow might say about the benefits of a stronger 'King Dollar', an unusually strong currency acts like a tax or tariff on a nation's exports, and a subsidy on its imports.

This is hardly what might support the grand plans for the renewal of American's economic growth. But it does favorite financiers for whom the dollar currency is an instrument of advantages.

Gold sold off almost one percent.  Silver fell a full three percent, giving back the gains from last week, losing the 17 handle in the process. 

There will be a Comex precious metals option expiration on this Wednesday, 25 April.  The expiry seems to be more significant for silver than for gold.   Perhaps this is one reason why silver was hammered so hard in particular today.

CNN is smearing those who question the corporate media narratives as 'extremists,' lumping genuine progressives in with neo-nazis and pedophiles.    Even the DNC did not go quite that far in their attacks on Bernie Sanders and the progressive grass roots of their own party in 2016.

The slow winding of the credibility trap is going to lead the self-anointed into paranoia and retribution.   How else can Hillary explain why she was denied her presidency?   And how will Trumpolini explain the coming collapse in all his grand economic plans for revitalization?

I get the odd feeling that the public will at least pick up the tab for all these grand delusions, and perhaps even end up being the whipping boy for the failure of the anointed.

Have a pleasant evening.

CNN Smears Those Who Question the Corporate Media Narrative as 'Extremists'

I find it a disturbing trend that the corporate media continues to attack alternatives to their attempts to manufacture consent, lumping them all together as 'extremists.'   That is a smear tactic, and it is being used to defend the corporate narrative from questioning.

Was this intentional fear-mongering, or just their usual sloppy reporting? I don't think they care one way or another.  And this appears to be a trend among the corporate media mouthpieces.

But at any event, this is a truly disgraceful example of 'journalism' and upholding freedom of the press. 

And it fits all too well with the DNC establishment's lawsuit against Wikileaks for daring to engage in journalism.  If the Democratic bosses are so concerned about how they lost the last election they should sue themselves for being almost shockingly out of touch with their base and the electorate.

These are fine examples of the credibility trap in action.  And if unchecked it lends itself to paranoia and retributive persecution against any and all dissent.

21 April 2018

Caring Corrupted

"The perpetrators were scholars, doctors, nurses, justice officials, the police and the health and workers’ administration.

The victims were poor, desperate, rebellious or in need of help. They came from psychiatric clinics and childrens hospitals, from old age homes and welfare institutions, from military hospitals and internment camps.

The number of victims is huge, the number of offenders who were sentenced, small."

Commemorative Tablet, Tiergartenstraße 4, Berlin

"But as Solomon said, wisdom enters not into a malicious mind, and science without conscience is but the ruin of the soul."

François Rabelais

"The inability to identify with others was unquestionably the most important psychological condition for the fact that something like Auschwitz could have occurred in the midst of more or less civilized and innocent people.

What is called 'fellow traveling' (collaboration) was primarily business interest: one pursues one’s own advantage before all else and, simply not to endanger oneself, does not talk too much. That is a general law of the status quo."

Theodor Adorno

"The U.S. has the most dysfunctional healthcare system in the industrial world, has about twice the per capita costs, and some of the worst outcomes."

Noam Chomsky

"The system continues unchanged since what dominates are the dynamics of an economy and a finance that are lacking in ethics.  It is no longer man who commands, but money, money, cash commands.  Men and women are sacrificed to the idols of profit and consumption...In this way people are thrown aside as if they were trash."

Francis I

Power and money have been the two great corrupting influences on mankind throughout history.  We are not immune to this, although we like to think that we are just that much different, and better.

Competency without conscience is especially pernicious in the professional classes, which can come to consider themselves above the conventional restraints suitable only for the common people.

They thereby become more vulnerable to pride, and privileged judgement, and greed made virulent by indifference, and all the evils that thereby follow.

20 April 2018

Stocks and Precious Metals Charts - Quiet Stock Option Expiration

It was a bit of a 'risk off' day today, as stocks were showing weakness from the open.

AAPL was leading equities lower, based on reports of slowing orders from their supply chain.

The 10 Year Treasury Yield climbed again today finishing up around 2.96.

The US Dollar Index finished higher at 90.30.

The stronger dollar contributed to weaker prices for gold and silver priced in dollars.

Silver did manage to hang on to the 17 handle.

I have included the economic calendar for next week.

Have a pleasant weekend.