26 July 2024

Stocks and Precious Metals Charts - US Dollar: La Douleur du Monde

 

"A society that is in its higher circles and on its middle levels widely believed to be a network of smart rackets does not produce men with an inner moral sense; a society that is merely expedient does not produce men of conscience. A society that narrows the meaning of 'success' to the big money and in its terms condemns failure as the chief vice, raising money to the plane of absolute value, will produce the sharp operator and the shady deal.  Blessed are the cynical, for only they have what it takes to succeed.

America appears now before the world a naked and arbitrary power, as, in the name of realism, its men of decision enforce their often crackpot definitions upon world reality."

C. Wright Mills, The Power Elite, Oxford Press, 1956

Lord, thank you for withholding your righteous hand from our nation, for our arrogance in believing that for our betrayals, our greed, our cowardice, our pride, and the murders of innocents, that we are beyond your laws, and are not going to be judged. 

Help us instead to spread your presence wherever we go.  Fill our souls with your spirit and life.  Penetrate and possess our whole being, so that our lives become a radiance of yours. Shine through us, and be so in us, that every soul we come in contact with may feel your presence in our soul.

Let them look and see only you.  Stay with us, and then we shall begin to shine as you shine; shining as a light to others.  Let us thus praise you in the way that you love best by shining on those around us.  Let us preach your good news not with words but by our example, with your loving presence in what we do, by the evident fullness of the love our hearts bear to you.  Thank you for our many consolations, as we recall your loving kindness, and tender mercies.

 

Our foreign policy these days is to say to the rest of the world, 'Ok you're mad.  But how are you going to stop us?'

The answer, the judgement, when it inevitably comes, may be surprising.  

We have marginalized, silenced, and murdered our prophets and speakers of conscience.   How can we not be surprised when judgement inevitably comes?

Stocks rallied a bit after the big decline, but flopped a bit into the close.

The Dollar chopped sideways.

Gold bounced, silver held its own.

VIX dropped.   Risk is not a sentiment that this market embraces.

Non-Farm Payrolls and the FOMC meeting next week as indicated in the calendar below.

Need little, want less, love more.  For those who abide in love abide in God, and God in them.

Have a pleasant weekend.