09 October 2018

Stocks and Precious Metals Charts - Weighed, and Found Wanting

"All successful revolutions are the kicking in of a rotten door."

John Kenneth Galbraith

"As with almost every reform that I have ever undertaken, most of the opposition took the guise of shrewd slander.  Our opponents relied chiefly on downright misrepresentation of what it was that we were trying to accomplish, and of our methods, acts, and personalities."

Theodore Roosevelt

“Whether we and our politicians know it or not, Nature is a party to all our deals and decisions, and she has more votes, a longer memory, and a sterner sense of justice than we do.”

Wendell Berry

"The danger is terrible.  The time is short.  If this [reform] bill should be rejected, I pray to God that none of those who concur in rejecting it may ever remember their votes with unavailing remorse, amid the wreck of laws, the confusion of ranks, the spoliation of property, and the dissolution of social order.

Let us know our interest and our duty better.  Turn where we may, within, around, the voice of great events is proclaiming to us: reform, that you may preserve."

Thomas Babington Macaulay

Stocks attempted to rally today, and failed.

Gold and silver finished largely unchanged as the Dollar index drifted lower.

We will be getting the wholesale and consumer inflation numbers this week.

Have a pleasant evening.