06 December 2019

Stocks and Precious Metals Charts - Risk On! - Rattling Nonsense in Full Volleys Breaks

"The Lord is my light and my salvation –
     whom shall I fear?
The Lord is the refuge of my life –
     of whom shall I be afraid?"

Psalm 27

"For fools rush in where angels fear to tread
Distrustful sense with modest caution speaks,
It still looks home, and short excursions makes;

But rattling nonsense in full volleys breaks,
And, never shocked, and never turned aside.
Bursts out, resistless, with a thundering tide."

Alexander Pope, Essay on Criticism

Stocks were in a boisterous, risk-taking mood today on a much better than expected Non-Farm Payrolls Report.

The report was boosted by over 40,000 GM workers coming back onto the payrolls after a long strike.

The Dollar was slightly higher, but gold and silver were smacked down hard, as is traditional for a strong payrolls report in the heavily held December contract period.

But this all serves the purposes of the worst, who are loud and proud.

And so let all the worldly rejoice.

Have a pleasant weekend.