01 March 2018

Stocks and Precious Metals Charts - As the Markets Turn

Stocks, were weakly unravelling most of the day, just hanging on despite the morning's cheering ambiguities of Fed Chair Powell, who sought to calm the markets after rattling their cages yesterday.

An announcement came out that President Trump would indeed be seeking to impose a global 25% tariff on steel and 10% on aluminum.

And then down goes Frazier, down goes Frazier.

The dollar, which had been rallying earlier in the day, did an about face and dropped like a stone, giving up the gains from today and yesterday.

And the beneficiaries of this were both gold and silver, although silver had been showing more resilience earlier on.

We'll be getting a Non-Farm Payrolls report next week.

When we came home from our walk today,  Dolly jumped up in the chair and, standing on my chest because she is that little, fervently licked both sides of my face, one after the other, like it was her job.  She had at last forgiven me for taking her to the groomer yesterday.   And she settled down in my lap to sleep as is her custom, after having given me the cold shoulder last night and sleeping on her pillow.  lol

Don't we act just like this towards God, when He does things that are only for our good?  Lacking in understanding and feeling only our own annoyance, fear, and inconvenience, we pout and fret and make a fuss over even little setbacks.  But eventually, if we are wise, we know that He loves us, even better than we love ourselves, and it is only for the best.

Let's see how we go into the weekend.

Have a pleasant evening.