Stocks And Precious Metals Charts - The Love Of Most Will Grow Cold

I have included a graphic from a piece I had originally posted a couple of crises ago on a site that has long ceased to exist.

History does repeat or at least rhyme if you will. Each crisis has its own attributes and tone, but they tend to have much in common.

It is good to recall that we are in a period now that is very new to us, not having seen a pandemic like this in the US since the beginning of the 20th century.

We do not think about it now, but someday in the future, you will be among of the few who actually remember what this was like, what is was to join the select group of 'insiders' who quarantined themselves in the hopes of holding back the lethal effects of an epidemic.

And you may find yourself trying to explain to your grandchildren what the political and cultural circumstances were like. And why certain things were done the way in which they unfolded.

It is good to remember that we are just stumbling down the long halls of history like our parents and grandparents, who fumbled their own way through the darkness, trying to follow the light.

Stocks were sold off a bit hard today. It seemed to be coming giving the unreasonable optimism of last week that our current situation was mostly done, and it was time to get back to things as they were.

Oil was hammered again. Of course, the slack demand is a huge factor, as it is with any practical commodity. And the price war that is ongoing among OPEC+ is a major input as well.

But I cannot help but feel that some of the powerful Wall Street insiders are taking advantage of the situation, and the situational aspects of this rollover in the futures contracts, to get some quick money and while dishing out some pain, ripping off some faces, and so forth, as they are often wont to do.

Well, we'll see how this unfolds, among other things.

What has been hidden will be revealed, and what has been concealed will be made known.

A crisis shows the characters of people, and of systems that they have organized.

And brother, do we have some odd characters on the big stage in Washington. It is almost unbelievable.

I think it might get worse still before it gets better. And it is only a few more months to July.

Have a pleasant evening.

(Click on image to enlarge)