It's Summer: Juneteenth Marks U.S. Government Surpassing $37 Trillion in Debt; Quad-Witching Today Won't Matter; Kinky Apemen Rock

It's the first day of summer and on Thursday, otherwise known as "Juneteenth," U.S. government debt passed the $37 trillion mark and continues higher, Israel and Iran continue trading bombs and missile strikes, the U.S. mulls involvement, Russia continues to advance in the Ukraine, so it must stand to reason that gold and silver are down and stock futures are up.

Honestly, how does anybody besides the shysters and crooks on Wall Street and the political whores in the "district" believe anything is not rigged in what used to be known as "markets?" It's enough to make one want to take the advice of the Ray Davies and the Kinks and live like an apeman.

BTW: Vince Lanci, or VBL, of GoldFix is pretty much a douche-bag and poorly-disguised plagiarist (in the ZeroHedge mold). He lives off revenue from his voluminous and scarcely cogent Substack, which is mostly regurgitated deep state garbled garbage from Bloomberg, or CNBC, or any of the various banks or newsletters to which he himself subscribes. His daily diatribes which are all over the financial map. He has no creed and is lacking in cred.

Me, I don't need the money, especially if it's denominated in increasingly worthless FedBux, so I just say what I mean and mean what I say, so F off. Stack gold and silver and STFU.

New highs? Hell, yeah. Our elected representatives need the money.

Other than the idea that today's quad-witching, end-of-quarter options expiry might cause some additional volatility - probably not, because nobody exercises those options; Wall Street sharpies just cash them - that's all I can say for today. And that's a good thing, because what I might say could scare some people, and we can't have that.

At the Close, Wednesday, June 18, 2025:
Dow: 42,171.66, -44.14 (-0.10%)
NASDAQ: 19,546.27, +25.18 (+0.13%)
S&P 500: 5,980.87, -1.85 (-0.03%)
NYSE Composite: 19,901.13, -17.15 (-0.09%)