04 June 2019

Stocks and Precious Metals Charts - Risk On! - Powell Pumps Equities With Rate Cuts Talk


"The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control."

Andrew Jackson, Farewell Address


"Who sees with equal eye, as God of all,
A hero perish, or a sparrow fall,
Atoms or systems into ruin hurled,
And now a bubble burst, and now a world."

Alexander Pope


"And if you go chasing rabbits, and you know you're going to fall
Tell 'em a hookah-smoking caterpillar has given you the call
And call Alice, when she was just small.

When the men on the chessboard get up and tell you where to go
And you've just had some kind of mushroom, and your mind is moving low
Go ask Alice, I think she'll know
When logic and proportion have fallen sloppy dead
And the white knight is talking backwards
And the red queen's off with her head
Remember what the dormouse said
Feed your head, feed your head."

Jefferson Airplane, White Rabbit

It's all just a game when you make it up, isn't it?

Stocks were on a tear higher today on the double barreled talk about a quick and favorable resolution to the Mexican tariffs question and suggestions of Fed rate cuts this year.

If the economy is so vibrant, so expansive, and the recovery is so strong, why would it be necessary for the Fed to cut rates?

Ah but that is just earthbound logic, and we have decided to create and live by our own logick and magick, and a panopoly of other profane mysteries now.  

The dollar was lower, but despite the risk on frenzy both gold and silver managed to finish higher.

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

Have a pleasant evening.