01 May 2020

Stocks and Precious Metals Charts - May

"It is an old maxim and a very sound one, that he that dances should always pay the fiddler.  Now, sir, in the present case, if any gentlemen, whose money is a burden to them, choose to lead off a dance, I am decidedly opposed to the people's money being used to pay the fiddler...

These capitalists generally act harmoniously, and in concert, to fleece the people, and now, that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel."

Abraham Lincoln, Speech in the Illinois Legislature Concerning the State Bank, 11 January 1837

“But you can't make people listen.  They have to come round in their own time, wondering what happened, and why the world blew up around them.”

Ray Bradbury, Fahrenheit 451

"Dividers speak evil about things that are different, 'the other,' or which they do not understand. Like instinctive animals, they follow wherever their passions lead them, and so they bring about their destruction. What sorrow awaits them. For they follow in the footsteps of Cain, who killed his own brother. Like Balaam, they deceive other people for money. And like Korah, they destroy themselves with their rebellious natures.

If they eat with you in your fellowship meals of the Lord’s love, they are hidden and dangerous reefs that can shipwreck you. They are shameless shepherds who care only for themselves. They are like clouds blowing over the land but not giving any rain. They are like wild waves of the sea, which churn up foam with their shameful deeds. They are orphaned stars, doomed to wander forever in blackest darkness.

People like this are detractors and complainers, living only to satisfy their desires. They are loudly boastful and arrogant, bragging loudly about themselves, and flattering others to get what they want."

Jude 1:10-13,16

Stocks gave up much of the bubbly, optimistic gains that market had taken at the end of the quarter in the past two days.

Gold and silver moved a bit lower, with the Dollar steady.

Next week we will see a Non-Farm payrolls report on Friday.

The consensus is for a fairly hefty loss of jobs.

Have a pleasant weekend.