21 October 2020

Stocks and Precious Metals Charts - Blue Skies

“Unlimited power in the hands of limited people always leads to cruelty.”

Aleksandr Solzhenitsyn 


“Nature doesn't ask your permission; it does not care about your wishes, or whether you like its laws or not.   You're obliged to accept it as it is, and consequently all of its consequences as well.”

Fyodor Dostoevsky 


"Foolishness has a knack of getting its way; as we should see if we were not always so much wrapped up in ourselves. In this respect our townsfolk were like everybody else, wrapped up in themselves; they did not believe in plagues." 

 Albert Camus 


Stocks did another pop and flop again today.

The futures were up overnight, but the cash market faded away in the afternoon.

Hopes about a stimulus deal and happy days fuels optimism in the lightly traded markets, but then fades in the harsh light of day.

There seems to be a lot of this going around. 

Gold and silver rallied higher, as the Douleur du Monde slumped lower again.

Mapo tofu is on the menu for dinner this evening.  

If Pelosi and Mnuchin announce a stimulus deal, expect the markets to rally, even if the deal is blocked by the do-nothing coalition under Mitch in the Senate.

They are faithful servants to the powerful moneyed interests.

Have a pleasant evening.