02 September 2020

Stocks and Precious metals Charts - In the Garden of Beasts - Non-Farm Payrolls on Friday


"Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable. This is what too few are willing to see."

Thomas Merton


"The fact that the foolish person is often stubborn must not blind us to the fact that he is not independent. In conversation with him, one virtually feels that one is dealing not at all with him as a person, but with slogans, catchwords, and the like that have taken possession of him.

He is under a spell, blinded, misused, and abused in his very being. Having thus become a mindless tool, the foolish person will also be capable of any evil and at the same time incapable of seeing that it is evil.  This is where the danger of diabolical misuse lurks, for it is this that can once and for all destroy human beings.”

Dietrich Bonhoeffer, Letters and Papers From Prison


"He who makes a beast of himself gets rid of the pain of being a man."

Samuel Johnson

Stocks were reaching for another high note, sparked by the futures trading in the quiet overnight.

Gold and silver were hit, ahead of the Non-Farm Payrolls Report.

The VIX and the Dollar both climbed today.

There appears to be some divergence in the relative perceptions of market risk.

The physical gold inventories in the Comex Hong Kong warehouses are running rather lean.

The NY-London gold reports from the Comex warehouses are a charade, a joke.

Again, be mindful of whom it is that you serve, and the excuses which you give to yourself in doing so.

Have a pleasant evening.