01 November 2019

Stocks and Precious Metals Charts - Who Is Like the Beast? - Stocks Close at New Highs on Jobs, Trade Optimism

"His money came from human misery and death and despair, as always it does.  Yet, there is none to reproach him, neither God nor man, and all fawn upon him and he will be a senator and crowds will laud him and he will have the ear of the President and all will honor his riches and consider him worthier than other men because of it.

Mankind adores its betrayers, and murders its saviors."

Taylor Caldwell, Captains and Kings

"They do not see the image of Almighty God before them, and ask themselves what He wishes. And, for the same reason that they do not please Him, they succeed in pleasing themselves.   Hence, they become both self-satisfied and self-sufficient; – they think they know just what they ought to do, and that they do it all; and in consequence they are very well content with themselves, and rate their merit very high, and have no fear at all of any future scrutiny into their conduct."

John Henry Newman

"The only real tragedy, in the end, is not to have been a saint."

Léon Bloy, The Woman Who Was Poor

Stocks closed at new record highs as the 'unexpectedly strong' Jobs Report came in this morning better than expected.

It really was not all that good. But the powers that be wanted a rally.
"Atlanta Fed's GDPNow fell to 1.1% for fourth quarter from 1.5% Can’t think of a better reason to rally."

Danielle DiMartino Booth
Gold and silver were largely unchanged as the Dollar continued to move lower.

All is well in the Pax Americana.

Have a pleasant weekend.