01 October 2018

Stocks and Precious Metals Charts - Pop Go the Weasels


“To escape the pain caused by regret for the past or fear about the future, this is the rule to follow: leave the past to the infinite mercy of God, the future to His good Providence, and give the present wholly to His love by being faithful to His grace.”

Jean-Pierre de Caussade, Abandonment to Divine Providence


"Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring.  This is what baffles the power of Satan.  He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it."

J. H. Newman

He cannot find it because he lacks the faith to see it, and the love to apprehend it.  He is blinded by his pride.

Welcome to October, the month of unexpected falls from heights, and stock market tears.

Stocks were hard charging higher this morning on the news that Canada and the US had come to an agreement on NAFTA II.

But alas, the euphoria wore off in the afternoon, and stocks finished little changed, with the broader small caps getting spanked in particular. Not a good sign for bully.

Gold and silver were lower on the 'risk on' feeling this morning, but recovered quite a bit as the day wore on.

We will be having a Non-Farm Payrolls report on Friday for the month of September.

And a beautiful early Autumn day it was here, the kind of weather that beckons you outside and away from the hysterics of ideologues and the privileged, pampered professionals.

Hell is a stifling dark room behind a door that is a hardened heart, locked from the inside. 

Have a pleasant evening.