07 October 2020

Stocks and Precious Metals Charts - Slowly We Turned

“Realize that narcissists have an addiction disorder.  They are strongly addicted to feeling significant.  Like any addict they will do whatever it takes to get this feeling often.  That is why they are manipulative and fakers.  They promise change, but can't deliver if it interferes with their addiction.”

Shannon L. Alder 

 

"This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price.  And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains." 

Simon Johnson, The Quiet Coup, May 2009

 

Stocks were in rally mode today, taking back the losses incurred yesterday when the Covid stimulus talks were cancelled. 

Gold and silver gained a bit. 

 The Dollar was slightly lower. 

Let's see what the rest of this week brings. 

There will be a debate between the two VP candidates tonight. 

National Day 'Golden Week' in China is now over, so perhaps we will see a pickup in trading activity from that portion of Asia.

Have a pleasant evening.