Robert Louis Stevenson, Treasure Island
"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, The Plague
"Distrustful Sense with modest Caution speaks; It still looks home, and short Excursions makes; But rattling Nonsense in full Vollies breaks; For Fools rush in where Angels fear to tread."
Alexander Pope, An Essay on Criticism
"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us."
Chalmers Johnson
Stocks flopped hard this morning, on the news and Trump et al. have tested positive for Covid-19.
This served to distract from the disappointing miss in the Non-Farm Payrolls report.
Non-tech managed to take a little of those losses back, but still finished in the red.
I don't think it is reasonable to expect frankness in the disclosures about the progress of the President's health, but I do wish him and everyone else who struggles with illness such as this well.
Gold and silver shook off the traditional hit for the Non-Farm Payrolls report.
Still, they need to surmount the overhead resistance before one can say that they are back on the bull market track.
Let's see what next week brings.
As an afterthought, I have added a chart formation I have been thinking about for gold.
It is a falling wedge.
If it is so, and it breaks up and out, the move could be rather impressive.
Have a pleasant weekend.
