13 January 2020

Stocks and Precious Metals Charts - Risk On - Sitting on Top of the World

“Man has places in his heart which do not yet exist, and into them enters suffering, in order that they may have existence.”

Léon Bloy

Fixing vintage plumbing in old houses can feel like fighting a land war in Asia.

My latest experience with this inconvenient entanglement with the unforgiving began last night, but seems to be winding down to a successful conclusion this afternoon.  Fingers crossed.

At least it took my mind off the head and chest cold that has been plaguing me since just after Christmas. Visitors from afar bring good company but strange maladies.

Stocks were relatively fearless from the opening, and yearned to rise higher for most of the day, ahead of the beginning of latest round of earnings announcements which begins shortly.

There will be a stock market option expiration on Friday.

Gold and silver were smacked lower as safe havens and risk avoidance became unfashionable, at least temporarily. There is also a tradition of smacking the metals the next trading day after a Non-Farm Payrolls report if they had been relatively unscathed on the day itself.

On a positive note I have to say that the NFL playoff games have been unusually engaging so far.

And of course tonight there is the National Championship for college football with Clemson v. LSU. Fire up the wings in the air fryer.

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

Have a pleasant evening.