26 May 2017

Stocks and Precious Metals Charts - Drawdown in Hong Kong Physical - Non-Farm Payrolls Next Friday

"Today, the top one-tenth of 1% owns nearly as much wealth as the bottom 90%. The economic game is rigged, and this level of inequality is unsustainable. We need an economy that works for all, not just the powerful.

The problems we face, did not come down from the heavens. They are made, they are made by bad human decisions, and good human decisions can change them."

Bernie Sanders

Stocks went mostly unchanged in a trade that became very quiet after noon in the US.

As a reminder this is a three day holiday weekend with the markets closed on Monday for Memorial Day.

There will be a Non-Farm Payrolls report for May next Friday 2 June.

VIX has once again fallen to single digits. This has been a sign of relative complacency in recent months.

As noted in the report below, the level of physical gold in Hong Kong has fallen to a lower level than usual.  This most likely is nothing of significance, but I like to keep an eye on such things.  Typical the inventory level has been closer to a million ounces.

Please remember God's creatures as best that you can, and those created in His image, the poor, the weak, the sick, and the lonely.

Have a pleasant weekend.