17 July 2023

Stocks and Precious Metals Charts - A Banquet of Consequences

 

“It was not curiosity that killed the goose who laid the golden egg, but an insatiable greed that devoured common sense.  If there are damned souls in hell, it is because men blind themselves.”

E. A. Bucchianeri

“They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made.”

F. Scott Fitzgerald, The Great Gatsby

"You have to understand that only the very worst end up here: the ones whose anger made them kill, and who felt no sorrow or guilt after the act; those so obsessed with themselves that they turned their backs on the sufferings of others, and left them in pain; those whose greed meant that others starved and died. Such souls belong here. Wickedness never rests easily so, in a way, one might almost feel pity for the wicked, for they are destined to live their lives in fear, in a prison of the heart.”

John Connolly, The Infernals

"Not Nero, but God, rules the world."

Henryk Sienkiewicz, Quo Vadis

"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky. There have always been plagues and wars, yet they always take us by surprise. When war breaks out people say it's stupid and won't last long. Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves. In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague

 

There will be a stock index option expiration on Friday.

Stocks were in rally mode today.

The Dollar was flat.

Gold and silver were largely unchanged.

We are entering earnings season in earnest.

I think the theme for the rest of this decade and the next will be 'consequences.'

Have a pleasant evening.