03 March 2021

Stocks and Precious Metals Charts - Long Time Coming - Stocks Drop Hard Led by Big Cap Tech


This place is like somebody's memory of a town, and the memory is fading. It's like there was never anything here but jungle.

Rust Cohle, True Detective 


"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought." 

John Kenneth Galbraith 


"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.” 

Thomas More


"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 slumped today, with the selling gaining some momentum in the afternoon. 

It was clearly a 'risk off' consideration. 

The VIX got some legs higher. 

Gold and silver were pushed lower once again, and the miners could not provide any leadership. 

The dollar moved sideways. there will be a Non-Farm Payrolls report on Friday. 

Have a pleasant evening.