30 May 2023

Stocks and Precious Metals Charts - Hellbound - Non-Farm Payrolls on Friday


"You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”

Thomas More, The Sadness of Christ

"Market fundamentalism has its own economic orthodoxy that, for the most part, is unquestioningly accepted.  It is an idolatrous religion, because it makes a god out of the Market.  It puts money above all else.   This religion has its own high priests, those economic advisors, corporate executives, and government officials who make the rules and oversee the functioning of the economic system as a whole.   It has its own saints, people who have attained the success that the system promises."

Sharon Delgado, Shaking the Gates of Hell

"No one today likes truth: utility and self interest have long ago been substituted for truth.  We live in a nightmare of falsehoods, and there are few who are sufficiently awake and aware to see things as they are.  Our first duty is to clear away illusions and recover a sense of reality.  To recover a sense of reality is to recover the truth about ourselves and the world in which we live, and thereby to gain the power of keeping this world from falling apart."

Nikolai Alexandrovich Berdyaev

"It does not matter how small the sins are, provided that their cumulative effect is to edge the man away from the Light and out into the Nothing.  Indeed the safest road to Hell is the gradual one—the gentle slope, soft underfoot, without sudden turnings, without milestones, without signposts."

C.S. Lewis, The Screwtape Letters


Stocks came in blasting higher on the news of a potential debt limit deal.

And then through the day they faded with the practicalities of getting a solution through the Congress.

Gold and silver were slugged as usual, but they turned around with gold finishing very positive and silver almost unchanged.

There was a strong divergence from the metal and the miners.

A number of the heavy hitters are going ex-dividend this week.

Non-Farm Payrolls on Friday.

Have a pleasant evening.