24 April 2020

Stocks and Precious Metals Charts - Tender Mercies - Earnings Announcements and Metals Option Expiration

"Now the end is at hand. Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system."

The White Rose, Second Leaflet, Munich 1942

"I have hitherto been assuming that such teachers as Gains and Titius do not fully realize what they are doing and do not intend the far-reaching consequences it will actually have. There is, of course, another possibility. What I have called the trousered ape and the urban blockhead may be precisely the kind of man they really wish to produce."

C.S. Lewis, The Abolition of Man

"The barbarian hopes — and that is the mark of him, that he can have his cake and eat it too. He will consume what civilization has slowly produced after generations of selection and effort, but he will not be at pains to replace such goods, nor indeed has he a comprehension of the virtue that has brought them into being. We sit by and watch the barbarian. We tolerate him in the long stretches of peace, we are not afraid. We are tickled by his irreverence; his comic inversion of our old certitudes; we laugh. But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles.”

Hilaire Belloc

"We must live in sunshine, even when we sorrow; we must live in God's presence, we must not shut ourselves up in our own hearts, even when we are reckoning up our past sins. As many as are our sins, His grace is greater.  Our sins are more in number than the hairs of our head; yet even the hairs of our head are all numbered by Him.  He counts our sins, and, as He counts, so can He forgive; for that reckoning, great though it be, comes to an end; but His mercies fail not, and His Son's merits are infinite."

John Henry Newman

Stocks powered higher in the afternoon, going out near the highs.

It was all about 'optimism.'

And Trump signing a new virus bailout package for $484 billion.

Gold and silver had a mixed day.

There will be a precious metals option expiration on the Comex next week Monday. The calendars are below.

Have a pleasant weekend.