Stocks and Precious Metals Charts - Stuck In Bat Country - Non-Farm Payrolls Tomorrow

“The downward spiral of dumbness in America is about to hit a new low.”

Hunter S. Thompson

Stocks showed continued weakness today, as the euphoria that helped to push prices to their recent highs continued to cool, and profits were taken.

On some days it seems like the only people that are buying stocks are companies doing buybacks and traders trying to skin one another.

Gold and silver showed early strength that faded so that they finished slightly higher to unchanged.

The dollar chopped sideways, slightly lower than yesterday's close.

There was a bump up in the gold in the Comex warehouse in Hong Kong. That usually happens in advance of a big withdrawal when prices are steady. The gold registered for delivery in NY continued to dwindle.

As a reminder there will be a Non-Farm Payrolls Report tomorrow.

I am waiting for an anonymous NYT editorial from someone from the Obama Administration who had opposed the decision to use trillions in taxpayer obligations to bail out the Banks, while 10 million Americans lost their homes, and not one white collar criminal responsible for the massive fraud that caused the crisis was even indicted, as a matter of Eric Holder's DoJ policy.  Or from anyone who opposed the sellout of working class Americans to Big Healthcare and Big Pharma.

crickets

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

Have a pleasant evening.

Stocks and Precious Metals Charts - We Are the Hollow Men

"Those who have crossed
With direct eyes, to death's other Kingdom
Remember us—if at all—not as lost
Violent souls, but only
As the hollow men
The stuffed men."

T. S. Eliot


“I have been to many countries and seen much poverty and suffering.  Everywhere I go people tell me of their hardships and struggles, and ask for help, and I give what I can. But of all the countries I have been to, the poorest one I have been to is America.  America suffers most from the poverty of loneliness.

Each individual person has been created to love and to be loved— Hindu, Muslim, Jew, Christian— doesn't matter race, doesn't matter religion.  Every single man, woman, child is the child of God, created in the image of God.

Spread love everywhere you go. Let no one ever come to you without leaving happier.  Not all of us can do great things.  But we all can do small things with great love.

I believe God loves the world through us— through you and me.”

Mother Teresa of Calcutta

Stocks were playing tag with underlying support levels most of the day.

Gold and silver caught a bid on Dollar weakness.   They are still playing this on the currency crosses, with little regard to the underlying commodity fundamentals, especially with respect to gold.

Silver is unusually cheap as measured by the gold-silver ratio.

It's a hot, sunny day. I already cut the grass next door earlier today.  And managed to avoid the nonsense on television, the two hearings, by watching the baseball game.

I get disappointed with how little I can do.  But I am doing better than if I did not try.

Dolly and I have places to be and things to do.

So have a pleasant evening.

Daniel Ellsberg on Whistleblowers and Journalists and Julian Assange

“The courage we need is not the fortitude to be obedient in the service of an unjust war, to help conceal lies, to do our job for a boss who has usurped power and is acting as an outlaw government.  It is the courage at last to face honestly the truth and reality of what we are doing in the world and act responsibly to change it.”

Daniel Ellsberg

Ellsberg states that "Assange, as a journalist, cannot be fairly tried under the Espionage Act."

I think the operative word there is 'fairly.'

Such a trial of a journalist, a first in our national experience, would be a watershed moment for freedom of the press, and of journalism in particular.

And further, it would be the start of a war on the press, and of a chilling intimidation on freedom of speech, and an ominous step in the direction of totalitarian government.

How ironic that the 'super-patriots' might be the ones cheering it forward, on the back of the serial expansion of this law by the phoney 'progressive' Obama.


You may find the original posting of this video at Consortium News.