18 May 2020

Stocks and Precious Metals Charts - Risk On! - For Now, As Optimism Balloons


“Faith is rare because fear is rampant.  For faith will demand that I step into places that fear itself fears to go.”

Craig D. Lounsbrough


“When political leaders set a negative example, professional commitments to just practice become more important. It is hard to subvert a rule-of-law state without lawyers, or to hold show trials without judges. Authoritarians need obedient civil servants, and concentration camp directors seek businessmen interested in cheap labor.”

Timothy Snyder


"If economies collapse and lawlessness rules and resources are scarce, many people who claim with their mouths that they follow Jesus will abandon him with their lives.”

Brandon Andress, And Then the End Will Come


“We're going to meet a lot of lonely people in the next week and the next month and the next year. And when they ask us what we're doing, you can say, We're remembering. That's where we'll win out in the long run."

Ray Bradbury, Fahrenheit 451

It was risk on all the way, today.

Moderna put out a news item that waxed optimistic about a coronavirus vaccine. While we can hope, the markets seem to be far exceeding the near term promise of an effective vaccine and its effect on the economy.

At least the Trump coronavirus vaccine czar should be happy, given his equity position with Moderna.  Ca-ching!

So stocks soared, and the dollar fell.

Gold and silver reached for a high note early on, and then were sold off hard for losses.

I suggest that we wait to see how the week progresses.  That looked like just another gut punch ahead of the almost inevitable breakout.

Lawlessness and hysteria are both in the air.

People are trying to fill the emptiness of their lives with sensations, and sensationalism.

I will remind all of us to think first, and keep our priorities in order, with first things first, as always.

It is always tempting to toss reason aside and jump into the fray.

Much easier than thinking and sorting things out.

Do what you will, but be aware of the consequences to yourself.

There is no saving someone who is determined to serve the madness.   And the madness serves none but itself.

Remember who it is that you are, and whom it is that you serve.

Have a pleasant evening.