23 February 2018

Stocks and Precious Metals Charts - Wall Street Noir

“Berlin.  I used to love this old city.  But that was before it had caught sight of its own reflection and taken to wearing corsets laced so tight that it could hardly breathe.  I loved the easy, carefree philosophies, the cheap jazz, the vulgar cabarets and all of the other cultural excesses that characterized the Weimar years and made Berlin seem like one of the most exciting cities in the world.”

Philip Kerr, Berlin Noir: March Violets

“What in heaven’s name brought you to Casablanca?”
“My health, I came to Casablanca for the waters.”
“The waters?  What waters?  We’re in the desert.”
“I was misinformed.”

Casablanca, 1943

Stocks were rallied sharply and steadily into the weekend close, after the rest of the world had gone home.

Great success.

Gold and silver went sideways, as did the US Dollar.

Dropbox has filed for an IPO.

After the close President Trump said he wants a 24% import tariff on global steel imports and a lesser import tax on aluminum.

Let the games begin.

Have a pleasant weekend.