23 September 2021

Stocks and Precious Metals Charts - Keep Calm and Bubble On


"Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole.  If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."

London Banker, Lies, Damn Lies, and Libor 


"What is most offensive is not their lying— one can always forgive lying— lying can be a delightful thing, for it leads to truth. What is offensive is that they lie, and worship their own lying." 

 Fyodor Dostoevsky, Crime and Punishment 


“A true opium of [worldly] people is a belief in nothingness after death— the huge solace of thinking that for our betrayals, greed, cowardice, and murders that we are not going to be judged.” 

Czesław Miłosz


“You cannot play with the animal in you without becoming wholly animal, play with falsehood without forfeiting your right to truth, play with cruelty without losing your sensitivity of mind.  He who wants to keep his garden tidy does not reserve a plot for weeds.  Your cravings as a human animal do not become a prayer just because it is God whom you ask to attend to them.  God does not die on the day when we cease to believe in a personal deity.  But we die on the day when our lives cease to be illumined by the steady radiance, renewed daily, of a wonder the source of which is beyond all reason." 

Dag Hammarskjöld, Markings

Stocks were off and running today starting with a boom in the futures overnight.

The Dollar was lower.

Gold and silver were lower.

Risk on!

Have a pleasant evening.