Henry Blackaby
“There is nothing so threatening to systemic evil as those willing to stand against it, regardless of the consequences.”
James W. Douglass
"He will perish for lack of self-restraint; and will be lost because of an abundance of foolishness."
Proverbs 5:23
"The Fates are just: they give us but our own; Nemesis ripens what our hands have sown."
John Greenleaf Whittier
“The essence of a speculative bubble is a sort of feedback, from price increases, to increased investor enthusiasm, to increased demand, and hence further price increases. Major speculative bubbles, as I argued in Irrational Exuberance, are always supported by some superficially plausible popular theory that justifies them, and that is widely viewed as having sanction from some authority figures. These may be called new-era theories.”
Robert Shiller
The 3Q advanced GDP number came in light enough to make investors think that the Fed will not reduce its morphine money injections to the markets through their Banks anytime soon.
But it was not bad enough to discourage hopes for outsized corporate profits to make up for last year.
Gold and silver are still being held down firmly below key overhead resistance.
The drain on physical gold in Hong Kong is getting serious, again.
Time to scrape out the physical from the ETFs (again)?
The Dollar dropped in keeping with trader sentiment about Fed dovishness.
Hold on to your hats.
Have a pleasant evening.
