Stocks and Precious Metals Charts - Drawn to You - Comex Expiry Tomorrow

There is a profound, existential difference between the economy of the Devil and the economy of God. It is not that we don't know the difference, as the rules have been laid down simply, frequently, and unequivocally. It is just inconvenient to a certain type of perverse individualism.

The economy of God requires one to set aside themselves as the first priority, and their personal lust for money and power, and serve something greater— God and our fellows for His sake. This does not appeal to the undeveloped, who are not yet able to see beyond their own immediate needs, and those that, all things considered, would be as gods, and therefore will not serve. Non serviam.

Stocks took a real tumble today. Caterpillar announced its first quarter results which were quite good.But on the conference call the CFO said that 'this is as good as it gets for 2018.'

And that sent US equities, which had been somewhat wobbly because of the climbing 10Yr yield, into a swoon.

The US Dollar fell off a bit from its recent highs, which helped to put a bid back under gold and silver.

As I have previously mentioned, the precious metals are trading primarily as an abstract instrument of value, like a fiat currency. Little regard is being given to their nature as commodities.This is more true for gold than for silver, because of the latter's significant industrial component.

Tomorrow will be the April Options Expiration for the precious metals on the Comex.

I expect the markets to continue to be volatile, moreso than the past twelve months or so.This is because this Trump rally is built on an unsustainable foundation of lies and mispricings of risk.

At some point I believe that we will see a much more significant correction in stocks.And then we will see what, and who, is left standing.