"For they flatter themselves in their own eyes, so that their own sins cannot be found out and repented. The words from their mouths are full of mischief and deceit; they have ceased to act wisely and to do any good."
Psalm 36:2-3
“If you shut up truth and bury it under the ground, it will but grow, and gather to itself such explosive power that the day it bursts through it will blow up everything in its way.”
Émile Zola
"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, Utopia
Gold, silver, and the miners were hit hard this morning in an fairly heavy-handed bear raid.
The objective seems to be the usual paint that the funds apply to make their quarter end results look better
And we saw the opposite but similar effect in the widely played big cap techs.
Now that the Banks have passed their mostly self-serving and self-contrived 'stress tests' the Fed is going to allow them to start buying back their own stock to boost their price, and bonuses.
Non-Farm Payrolls report on Friday.
Have a pleasant evening.
