03 August 2021

Stocks and Precious Metal Charts - Sins Against the Spirit - Non-Farm Payrolls on Friday


"It is impossible to engage in intellectual discourse with National Socialist philosophy, for if there were such an entity, one would have to try by means of analysis and discussion either to prove its validity or to combat it. In actuality, however, we face a totally different situation.  At its very inception this movement depended on the deception and betrayal of one's fellow man; even at that time it was inwardly corrupt and could support itself only by constant lies.

If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control.  As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body.  The greater part of its former opponents went into hiding. The German intellectuals fled to their cellars, there, like plants struggling in the dark, away from light and sun, gradually to choke to death.

Now the end is at hand.  Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system.  When thus a wave of unrest goes through the land, when "it is in the air," when many join the cause, then in a great final effort this system can be shaken off. After all, an end in terror is preferable to terror without end." 

The White Rose, Munich, 1942


"There are none so blind as those who will not see. The most deluded people are those who choose to ignore what they already know." 

John Heywood, 1546 

Stocks managed to rally higher today, with risk perception as measured by the VIX falling.

The US Dollar drifted sideways, finishing unchanged.

Gold was slightly lower, with silver a bit higher.

The markets will probably mark time ahead of any event, or the Non-Farm Payrolls report on Friday if it offers anything new or surprising.

A resurgence of Covid is happening around the world, with the D variant mutation of the virus becoming a dominant strain.

Even if there is a defiant and dismissive mood, there is no harm in making some preparations.  

Even if the vaccines help to dampen its severity in terms of hospitalizations, it will nevertheless have a depressive effect, especially in areas where vaccines have not been widely achieved. 

Need little, want less, love more.  For those who abide in love abide in God, and God in them.

Have a pleasant evening.