27 November 2019

Stocks and Precious Metals Charts - Weighed, and Found Wanting - Shameless Arrogance

"Congratulations to the Federal Reserve. You've successfully created the most extreme, pre-collapse yield-seeking bubble in U.S. history! With lower return prospects than Aug 1929. While encouraging a debt bubble where half of all 'investment grade' debt is one step above junk."

John P. Hussman

"All the world marveled at this, and gave their allegiance to the Beast. And they worshiped the dragon for giving such power to him. as they also worshiped the Beast. 'Who is as great as the Beast?' they exclaimed.  'And who is able to resist him?'   The Beast was allowed to commit great blasphemies against God.  And he was given the authority to do as he willed, but only for forty-two months."

Revelation 13:3-5

"Daniel answered the king, 'Keep your gifts or give them to someone else, but I will tell you what this means.

Number, number, weight, division.  And this is what it means: number, God has numbered the days of your kingdom and will bring it to an end;  weight, you have been weighed on the scales of justice and are found to be wanting;  division, your kingdom will be divided up and given to others.”

Daniel 5:17, 26-28

Stocks closed at new highs on very high holiday trading volume.

Gold and silver were off a bit in similar light trading.

US markets will be closed tomorrow for a national holiday of Thanksgiving.

They will be open until 1 PM on Friday, in what is likely to be very light volume.

And no one could have possibly seen it coming.

Have a very happy Thanksgiving.

And for the rest of the world, please try and carry on without the guidance of the pampered princes of empire.