06 November 2020

Stocks and Precious Metals Charts - Not With a Bang But a Whimper - Gold and Silver Continue to Shine

 

"The great masquerade of evil has played havoc with all our ethical concepts.   For evil to appear disguised as light, as charity, as historical necessity, or social justice is quite bewildering to anyone raised on traditional ethical concepts.  But for the Christian who builds his life on the word of God, it merely confirms the fundamental perversity of evil." 

Dietrich Bonhoeffer 

 

“The truth is that we were so spiritually and morally bankrupt that we could not even see some of those lines: we stepped over them blindly.  Other times we saw the lines alright, but we wanted to cross them.  It wasn’t God who was dead.  We were." 

Ray A., Practice These Principles 

 

"He speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men.  He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of society, he infects the body politic, so deeply that it no longer resists.” 

Marcus Tullius Cicero 

 

"The real conflict is the inner conflict.  There are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost personal selves?” 

Maximilian Kolbe

 

"In his house in R'lyeh, dead Cthulhu waits dreaming.” 

H.P. Lovecraft, The Call of Cthulhu

 

Stocks were shaky today after their big rally of the week. 

But as usual, the markets managed to get them back to nearly unchanged in the quiet trading of a Friday afternoon. 

We may expect to see a nominal, if not exact, conclusion to this election sooner than expected, at least on the Presidential and House level. 

The Senate not so much.   The Georgia runoffs and the virtual tie in results will continue to weigh

Gold and silver continue to shine.  

The dollar moved lower once again. 

Today was the Non-Farm Payrolls report for October.  And the markets barely noticed.  Especially surprising was gold, silver, and the Dollar.

For all his hubris and bluster, Donny is transitory and incidental.   The real game continues as he passes into memory, and forgotten.

And the band played on. 

Have a pleasant weekend.