01 November 2022

Stocks and Precious Metals Charts - All Saints

 

"May the Lord support us all the day long, till the shades lengthen, and the evening comes, and the busy world is hushed, and the fever of life is over, and our work is done.  Then in His mercy may He give us safe lodging, and a holy rest, and peace at last.”

John Henry Newman


Eternal rest grant unto them, O Lord,
And let perpetual light shine upon them.
May their souls,
And all the souls of the faithful departed,
Through the mercy of God, rest in peace. Amen.


"Do you not know that to whom you give yourselves as servants, his servants you become, whether of a corruption unto death, or of a righteousness unto life?"

Rom 6:16


"In the end, she said, the only real tragedy is not to have been a saint."

Léon Bloy, La femme pauvre

Tomorrow will be the FOMC rate decision for November.

There is little doubt that they will raise their benchmark by 75 basis points.

The speculation is on what they might say, of any hints of a relaxation or a 'pivot' in this increasing of rates.

And looming beyond that, but all too related, will be the October Payrolls report on Friday.

For having inflated another spectacular financial asset bubble, and greatly increasing the inequality between the wealthy few and the rest, the Fed must now put forward restraints and some privation, on those whom it has not benefited in its long malfeasance.

Audacious oligarchy.

Stocks popped and flopped, first on a rumour about China covid policy that seemingly had no basis in fact, and then a stronger than expected JOLTS jobs tally, which sent stock back down again.

The US Dollar chopped sideways, while gold and silver rebounded but then gave back some of their gains throughout the day.

The next few days are going to set the direction.

It was sad to see that an old man was beaten with a hammer, by a emotional deranged person who was determined to harm his wife, a politician.

Even more sad was how quickly some decided to fabricate and then spread around a story about how it had happened, that appears to have been just a pack of lies.

Politics has always been a dirty business, because in a corrupt system it is all about money and 0ower, and the domain of the darkness of this world.

I will be glad when these elections are done because the constant barrage of lies and slurs in the form of advertisements is difficult and a little disturbing.

People think they can get away with anything, say anything, hurt anyone, to get what they want.

There is an ebb and flow in the life and the character of nations, and of people.

Give yourself over to what madness that you will, but have no illusions about whom it is you serve.

In the end, the only real tragedy is to not be among the saints.

Have a pleasant evening.