Stocks and Precious Metals Charts - May

"It is an old maxim and a very sound one, that he that dances should always pay the fiddler.  Now, sir, in the present case, if any gentlemen, whose money is a burden to them, choose to lead off a dance, I am decidedly opposed to the people's money being used to pay the fiddler...

These capitalists generally act harmoniously, and in concert, to fleece the people, and now, that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel."

Abraham Lincoln, Speech in the Illinois Legislature Concerning the State Bank, 11 January 1837


“But you can't make people listen.  They have to come round in their own time, wondering what happened, and why the world blew up around them.”

Ray Bradbury, Fahrenheit 451


"Dividers speak evil about things that are different, 'the other,' or which they do not understand. Like instinctive animals, they follow wherever their passions lead them, and so they bring about their destruction. What sorrow awaits them. For they follow in the footsteps of Cain, who killed his own brother. Like Balaam, they deceive other people for money. And like Korah, they destroy themselves with their rebellious natures.

If they eat with you in your fellowship meals of the Lord’s love, they are hidden and dangerous reefs that can shipwreck you. They are shameless shepherds who care only for themselves. They are like clouds blowing over the land but not giving any rain. They are like wild waves of the sea, which churn up foam with their shameful deeds. They are orphaned stars, doomed to wander forever in blackest darkness.

People like this are detractors and complainers, living only to satisfy their desires. They are loudly boastful and arrogant, bragging loudly about themselves, and flattering others to get what they want."

Jude 1:10-13,16

Stocks gave up much of the bubbly, optimistic gains that market had taken at the end of the quarter in the past two days.

Gold and silver moved a bit lower, with the Dollar steady.

Next week we will see a Non-Farm payrolls report on Friday.

The consensus is for a fairly hefty loss of jobs.

Have a pleasant weekend.

Stocks and Precious Metals Charts - Pampered Princes

“He knows nothing; and he thinks he knows everything.  That points clearly to a political career.”

George Bernard Shaw, Major Barbara


"Pride makes us artificial, and humility makes us real."

Thomas Merton


"And they said to the mountains and rocks, 'Fall on us!  Hide us from the presence of Him who sits on the throne, and from the wrath of the Lamb!  For the great Day of His judgement has come!  And who among us can stand?'”

Revelation 6:16-17

Stocks were in profit-taking today.

And yet the Dollar, gold and silver were lower, with the VIX higher.

How could such a lively little market be so boring?

And yet it was.

Have a pleasant evening.

Stocks and Precious Metals Charts - We Are the Champions - Hubris and Nemesis

"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us."

Chalmers Johnson


"This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price. And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains."

Simon Johnson, The Quiet Coup, May 2009


"As a dog returns to its vomit, so a fool returns to his folly."

Proverbs 26:11


"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

Stocks rallied hard on the news that a vaccine may be closer than thought.

Have a pleasant evening.