18 June 2018

Stocks and Precious Metals Charts - We're Not In Kansas Anymore, Toto

Stocks were much lower today in the US markets, but managed to come back to nearly unchanged in very sluggish summer trading.

Gold and silver were marginally lower, and the Dollar was essentially unchanged.

As I noted earlier here, President Trump has directed the Department of Defense to establish a sixth branch of the military to be called the Space Force which is to be 'separate but equal' with the US Air Force. The Air force, which has a long established and fairly broad and well-maintained infrastructure, has an annual budget of about $150 billion per year. Yikes!

Interesting, considering that the US is so underinvested in its space technology and infrastructure that is has been buying rocket engines from Russia to launch its satellites.

Russia indicated that they are watching this announcement of a new militarization of space by the US with interest, and might consider an embargo on selling their rockets to support such an endeavor.

Let them eat Space X.

The illusions are many, and the reckoning may be painful.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant evening.