"...we but teach
Bloody instructions, which being taught, return
To plague the inventor: this even-handed justice
Commends the ingredients of our poisoned chalice
To our own lips."
Shakespeare, Macbeth
"And one day, too late, your principles, if you were ever sensible of them, all rush in upon you. The burden of self-deception has grown too heavy.
Now you live in a world of hate and fear, and the people who hate and fear do not even know it themselves; when everyone is transformed, no one is transformed. Now you live in a system which rules without responsibility even to God. The system itself could not have intended this in the beginning, but in order to sustain itself it was compelled to go all the way.”
Milton Mayer, They Thought They Were Free: The Germans, 1933–45 (and Exceptional)
Gold and silver rocketed higher today out of their constraints on the charts.
It was a bit odd to watch the closing trades on the tape late on Thursday as the miners were taken down hard in the lightest of markets.
It did seem as though someone were trying to run the stops which specs had put on ahead of the holiday weekend.
Or perhaps, trying to make their own short positions look a little better for the year end.
Nevertheless, today was a new day.
Gold went out near the highs, with silver also rallying although with a little less risk averse abandon.
The Dollar dipped but then closed almost unchanged.
The VIX soared.
Stocks got clocked, putting in the worst opening day trading loss since 1932.
Looks like a pretty obvious flight to safety.
The Georgia Senate runoff elections are tomorrow, with early voting starting today.
The coronavirus is raging.
Jokers and Demi-goons in the Senate are making noises about challenging the recording of the presidential vote on January 6th, against the judgement of the States and the courts.
Fanservice for the base. While blocking their stimulus checks.
Let's see what happens next.
Have a pleasant evening.
