10 January 2020

Stocks and Precious Metals Charts - Payrolls and Wages Come in Light

"We shall not cease from exploring
And at the end of our exploration
We will return to where we started
And know the place for the first time
Through the unknown, unremembered gate."

T. S. Eliot, Little Gidding

“It's déjà vu all over again.”

Yogi Berra

"Gatsby believed in the green light, the orgastic future that year by year recedes before us. It eluded us then, but that's no matter—tomorrow we will run faster, stretch out our arms farther... And one fine morning——

So we beat on, boats against the current, borne back ceaselessly into the past."

F. Scott Fitzgerald, The Great Gatsby

Dickie:  Where are we going?
Stymie:   I don't know, brother, but we're on our way.

The Little Rascals, Free Wheeling

The Jobs Report came in somewhat tepid this morning and wages failed to achieve the sorts of level one would expect in a healthy economy.

Stocks gave up a bit of their recent march higher.

The dollar was off a bit.

Gold and silver gained back a little of what was given up in the massive bear raid from earlier in the week.

Let's see how things progress next week.

The weight of mismeasured risks still seems somewhat lightly regarded, especially with regards to geopolitical events.

Next week we will begin a new cycle of earnings announcements.

Have a pleasant weekend.