“How far that little candle throws his beams!
So shines a good deed in a weary world.”
William Shakespeare
Is there a darkness over the earth?
It glimmers like a candle in the night.
The darkness of our hardened hearts,
Casts images and shadows in the light.
Stocks were flashing 'risk off' signals based on the simmering trade wars early this morning.
But there is little conviction in this holiday market, and the wiseguys were able to walk the major indices back up, and trigger some short covering to take them into the green.
Gold and silver were hit again. The drain of physical gold continues.
These lower prices for the metal are freeing up some physical gold, or at least nominal claims on pooled gold, out of some of the major funds like GLD.
There will be a Non-Farm Payrolls report on Friday.
The weather is hot and humid here. I feel sorry for those whose A/C has failed in it. These extremes tend to test the fitness of our systems. I keep a couple of window A/C units in the shed that we have accumulated over time, and will use them for backup in a hot minute if required.
The only things hot in this house were the spicy crab and corn chowder and the Anasazi bean gumbo. No worries here unless the supply of gin, tonic water and limes gets too low. Must not risk malaria you know. The bugs out there are ferocious.
Dolly and I are cool. She just snorted her approval in her sleep. We'll go for a walk much later when the sun goes down. My left knee is still knackered and so walking is not yet enjoyable— but more doable.
The financial systems in the US will be tested, and not on paper with make believe risks like the Fed performs. And I suspect that once again they will not have been able to see it coming. As for the reasons why they never do, I think you know the answer.
Need little, wants less, love more. For those who abide in love abide in God, and God in them.
Have a pleasant evening.
