02 November 2021

Stocks and Precious Metals Charts - Election Day - FOMC Tomorrow, NFP on Friday

 

"This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price.   And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains." 

Simon Johnson, The Quiet Coup, May 2009

 

"Remember that there will be trying times in the last days. For people will love only themselves and their money. They will be boastful and proud, scoffing at God, dishonoring their parents, and ungrateful. To them nothing is sacred. They will be unloving and unforgiving; they will slander others and have no self-control. They will be cruel and despise what is good. They will betray their friends, be reckless and proud, and love pleasures of the world more than God. They may talk like they are religious, but they will reject the power that could make them godly. Shun them." 

2 Timothy 3:1-5 

 

"And so Jesus gave us a new norm of greatness. If you want to be important—wonderful. If you want to be recognized—wonderful. If you want to be great—wonderful. But recognize that he who is greatest among you shall be your servant. That's a new definition of greatness. And this morning, the thing that I like about it: by giving that definition of greatness, it means that everybody can be great, because everybody can serve."

Martin Luther King, The Drum Major Instinct

 

"Non serviam."

Lucifer

 

Serve whom you will, but know who it is that you serve— for that is what you love.

Stocks were reaching for new highs today, with the Russell just clearing the bar with the help of Avis, which had a spectacular one day increase.

Stocks are trading like beanie babies-- or crypto currencies, or Non-Fungible Tokens (NFT).

Gold and silver were off a bit.

The Dollar took back the 94 handle.

FOMC tomorrow.  

They will probably not do anything directly but their words and intentions may move markets.

Non-Fungible Payroll numbers on Friday.

There is a great deal of volatility under the seemingly calm surface of the major stock indices.

Have a pleasant evening.