Stocks and Precious Metals Charts - Weighed, and Found Wanting - Ubi Sunt

"Jesus asked him a third time, ‘Do you love me?’  And Peter said, ‘Lord, you know all things—  you know that I love you.’ And Jesus said, ‘Feed my sheep.'

'Verily, verily, I say to you, when you were young, you dressed yourself, and walked where you liked.  But when you are old, you will stretch out your your hands, and another will dress you, and take you where you would not like to go.' 

Then he said to him at last, ‘Follow me!’"

John 21:17-19


"For whoever desires above all to serve his own life will lose it, but whoever is willing to lose his life for My sake will find it."

Matthew 16:25


"Where are the princes of this world,  and those who lorded it over the creatures of the earth?  Those who made sport of the birds of the air, and hoarded up riches in which they trust, and for whom there is no limit to their greed, those who schemed to get wealth, and were always anxious about their possessions.

But now there is no trace left of them. They have vanished down into the bowels of the earth, and others have risen to take their place."

Baruch 3:16-19


“Behold, I send you out as sheep in the midst of wolves.  Therefore be wise as serpents, but as pure of heart as doves."

Matthew 10:16

And where is he who would be the god of this world, the Emperor Nero?   Ubi sunt principes gentium?

At most he remains as an unpleasant memory, returned to the dirt and dust beneath the soles of the common peoples' feet.  Perhaps he survives only as a remnant of this world that he served, caught up on the fingers of a young child at play, to be brushed off and discarded with a 'tut tut' by a doting mother.

Stocks were able to move higher, adding to their new highs from Friday.

Gold and silver were off a bit as the Dollar rose.

Factory orders came in worse than expected.

The lying in Washington DC is reaching epidemic proportions.  But the rabid elite and their followers of the right and of the left do not care about the truth anymore, only winning.

Winning.    But what does it profit a man...

Have a pleasant evening.

Stocks and Precious Metals Charts - Who Is Like the Beast? - Stocks Close at New Highs on Jobs, Trade Optimism

"His money came from human misery and death and despair, as always it does.  Yet, there is none to reproach him, neither God nor man, and all fawn upon him and he will be a senator and crowds will laud him and he will have the ear of the President and all will honor his riches and consider him worthier than other men because of it.

Mankind adores its betrayers, and murders its saviors."

Taylor Caldwell, Captains and Kings


"They do not see the image of Almighty God before them, and ask themselves what He wishes. And, for the same reason that they do not please Him, they succeed in pleasing themselves.   Hence, they become both self-satisfied and self-sufficient; – they think they know just what they ought to do, and that they do it all; and in consequence they are very well content with themselves, and rate their merit very high, and have no fear at all of any future scrutiny into their conduct."

John Henry Newman


"The only real tragedy, in the end, is not to have been a saint."

Léon Bloy, The Woman Who Was Poor

Stocks closed at new record highs as the 'unexpectedly strong' Jobs Report came in this morning better than expected.

It really was not all that good. But the powers that be wanted a rally.

"Atlanta Fed's GDPNow fell to 1.1% for fourth quarter from 1.5% Can’t think of a better reason to rally."

Danielle DiMartino Booth

Gold and silver were largely unchanged as the Dollar continued to move lower.

All is well in the Pax Americana.

Have a pleasant weekend.

Stocks and Precious Metals Charts - Deceit Hates the Light - Non-Farm Payrolls Tomorrow

"Above all, do not lie to yourself.  A man who lies to himself and listens to his own lie comes to a point where he does not discern any truth either in himself or anywhere around him, and thus falls into disrespect towards himself and others.  Not respecting anyone, he ceases to love, and having no love, he gives himself up to passions and coarse pleasures, in order to occupy and amuse himself, and in vices reaches complete bestiality, and it all comes from lying continually to others and to himself.”

Fyodor Dostoevsky, The Brothers Karamazov


“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”

Soren Kierkegaard


"You have lost your reason and taken the wrong path.  You have taken lies for truth, and hideousness for beauty.  You would marvel if, owing to strange events of some sorts, frogs and lizards suddenly grew on apple and orange trees instead of fruit, or if roses began to smell like a sweating horse; so I marvel at you who exchange heaven for earth. I don't want to understand you.”

Anton Chekhov, The Bet


“Imaginary evil is romantic and varied; real evil is gloomy, monotonous, barren, boring. Imaginary good is boring; real good is always new, marvelous, intoxicating.”

Simone Weil

The Dollar slumped and gold and silver had some nice moves higher today.

They did not yet break out.

Stocks slumped badly on poor news on the China trade deal, and from a much worse than expected Chicago PMI this morning.

They did not break down, and managed to bounce off their lows into the close.

Many rush to put their noses into news sites that will tell them the lies that they wish to hear.

As for the truth, they do not want any part of it.

It is hard to do anything for those who have chosen to love the lie, and embrace the darkness of the world, except to continue to remember them in our prayers.  They must regain their senses on their own, and choose to walk back into the light.  They cannot do this while they believe that good and evil do not matter, and that the battle for their souls is not real.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Fed Pauses - Non-Farm Payrolls on Friday

“When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate...

Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes.  This is apparent from a social pathology— psychopaths rally followers.

Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable


"And the people who belong to this world worshiped the beast.  They are the ones whose names are not written in the Book of Life that belongs to the Lamb."

Revelation 13:8

The FOMC came out with their decision today.

They reduced their benchmark short term interest rate by 25 bps.

And they also signalled by a change in wording that they would be more data dependent on any future changes.

Initially this was interpreted as a hawkish stance, and the markets swerved accordingly, with Dollar up and gold/silver down and stocks a bit off.

But in a little while people realied that the Fed was merely shifting into 'neutral' and so those trades reversed.

And so gold, siver, and stocks finished higher with the Dollar lower.

This data dependency might put a little more push behind macroeconomic indicators, such as the Non-Farm Payrolls report on Friday.

After the bell some of the wunderkind stocks such as Facebook, Lyft, Etsy put forward decent results.

For the first time in a little while we saw a large offtake of gold from the Comex Hong Kong warehouses.

And there were no tweets from Trumpolini about the Fed after their announcement this afternoon.  That was probably the most unexpected thing in some time.

Have a pleasant evening.