02 June 2022

Stocks and Precious Metals Charts - Risk On! - Non-Farm Payrolls Tomorrow

 

"A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends.

The symptoms of fascist thinking can be identified by their appeal to prejudice and by the desire to play upon the fears and vanities of different groups in order to gain power.

"The American fascists are most easily recognized by their deliberate perversion of truth and fact.  Their newspapers and propaganda carefully cultivate every fissure of disunity, every crack in the common front against fascism.  They use every opportunity to impugn democracy.

They claim to be superpatriots, but they would destroy every liberty guaranteed by the Constitution.  They demand free enterprise, but are the spokesmen for monopoly and vested interest.  

Still another danger is represented by those who, paying lip service to democracy and the common welfare, in their insatiable greed for money and the power which money gives, do not hesitate surreptitiously to evade the laws designed to safeguard the public from monopolistic extortion. American fascists of this stamp were clandestinely aligned with their German counterparts before the war.

[Democracy] must appeal to reason and decency and not to violence and deceit.  We must not tolerate oppressive government or industrial oligarchy in the form of monopolies and cartels."

Henry Wallace, The Danger of Fascism, 1944


"It is very easy to get drunk with hate.  Hate is like the glass of whisky which is given to the soldiers before a bayonet charge.  Whisky stimulates but does not nourish.  Hate is not creative, only love is creative.  The real conflict is the inner conflict.  Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost personal selves?”

Maximilian Kolbe


"The most important problem in the world today is your soul, for that is what the struggle is about."

Fulton J. Sheen

Stock shook off a warning from Microsoft and rallied higher, going out on the highs.

Gold and silver rallied, as the Dollar sharply declined.

The VIX fell.

It seemed as though the markets thought that there would be a weak jobs number tomorrow, which would put a chill on the Fed's zeal of rate increases.

Or it could just be a bulltrap, yet another means of skinning the speculators.

Stocks still have a ways to go higher to try and take on that second high and invalidate the CrashTrak model. 

Banksters warning about an economic hurricane approaching notwithstanding.

Let's see what happens tomorrow.

Have a pleasant evening.