10 October 2016
Gold Daily and Silver Weekly Charts - Tom and Daisy or Lord and Lady Macbeth
“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
"Come, you spirits
That tend on mortal thoughts, unsex me here,
And fill me from the crown to the toe top-full
Of direst cruelty!"
"Stars, hide your fires;
Let not light see my black and deep desires:
The eye wink at the hand; yet let that be,
Which the eye fears, when it is done, to see."
William Shakespeare, Macbeth
Stocks were led higher by expectations of higher oil prices based on some proposed price and production collusion between Russia and Saudi Arabia.
Gold and silver initially rallied, but were bucking a stronger dollar. The cross trades in FX can be quite strong at times. Totally divorced from the fundamentals with their eyes closely focused on their own very short term technicals, but that is how it goes.
I did not watch the debate between Lord and Lady Macbeth. I am so disappointed in all of this self-serving hypocrisy, crude wit, and sly prevarication that is all the fashion among our ruling elite.
Let's see if the precious metal chart formations can sort themselves out after the latest Non-Farm Payroll sequenced smackdown.
The delivery reports were thin to nil.
The warehouse reports were nothing of note, but I did include those for completeness and future reference.
Have a pleasant evening.
SP 500 and NDX Futures Daily Charts - All About Oil
Stocks rallied today on higher oil prices, as Russia and Saudi Arabia said that they *might* agree on some limitations in oil production.
That is not good at all for the real economy, but as we have seen so many times by now, the stock market is no longer tied to the real economy.
It exists in the bubble zone. Along with its denizens, who are living in a world of their own delusions.
Have a pleasant evening.
09 October 2016
Reading for a Sunday Afternoon
"For ourselves, we know full well that much as we may have attempted, we have done very little, that our very best service is nothing worth, — and the more we attempt, the more clearly we shall see how little we have hitherto attempted.
Those whom Christ saves are they who at once attempt to save themselves, yet despair of saving themselves; who aim to do all, and confess they do nought; who are all love, and all fear, who are the most holy, and yet confess themselves the most sinful; who ever seek to please Him, yet feel they never can; who are full of good works, yet of works of penance.
All this seems a contradiction to the natural man, but it is not so to those whom Christ enlightens. They understand in proportion to their illumination, that it is possible to work out their salvation, yet to have it wrought out for them, to fear and tremble at the thought of judgment, yet to rejoice always in the Lord, and hope and pray for His coming."
John Henry Newman
Remember me, O Lord.
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