Stocks and Precious Metals Charts - Plus c'est la même chose

Gold and silver bounced back nicely after the Non-Farm Payrolls smackdown.

Stocks managed to eke a little upside today driven mostly by energy.

We are still in earnings season, and misses are leading to stocks being hauled out behind the woodshed and thrashed.

The geopolitical risks are changing from a simmer to what may grow to be a running boil.

The Republicans and Democrats are shameless in their pursuits of personal power and money. It is becoming hard not to notice, unless you are a true believer and willfully blind.   And there are plenty of those kinds of behaviours on display now.

The increase in wickedness has proven contagious to the weak willed and morally ambivalent.   It is almost hard to believe at times as more and more of the nominally principled give up and stand down.  No one can serve two masters.  They will eventually hate the one and love the other, even as they fool themselves and make allowances for their own 'harmless practicality' which is really just expediency.

And the band played on.

Have a pleasant evening.

Stocks and Precious Metals Charts - Just Stand

"In our own times we see that politicians raised under neoliberalism are unwilling and unable to effectively use real Keynesian policies: they can’t do stimulus, when they try, they give the money primarily to the rich.

They grew to power by being neoliberals; faced with new times they cannot change. In France we saw the main center-left party (really a neoliberal party) implode because it would just not change, and throughout the West center-left neoliberal parties are dying for just this reason. The world has changed, the people who run those parties cannot change...

Our societies have failed to run themselves acceptably since 2008, and the youngs have no attachment to the status quo since it never ever worked for them. Change is thus not only possible, it is now inevitable."

Ian Welsh, When People and Societies Change

Stocks were rallying off the jobs report.

The American dream is now a nation of low paid bartenders and waitresses, living from paycheck to paycheck, and preyed upon by corporate behemoths in healthcare, housing, and finance.

They are a force of nature, a sleeping giant, that awakened may be filled with a terrible resolve.

And because of the increase in wickedness, the love of many will grow cold. But those who stand firm to the end shall be saved. 

Have a pleasant weekend.

Lies, Damned Lies, and the Democratic National Committee

The Democratic Party establishment has learned nothing from their failed strategies and electoral disasters, and are still lying and denying over and over with condescending smirks.

Stocks and Precious Metals Charts - Winning.... - The Great Dictator

"Then, in the name of democracy, let us use that power— let us all unite.  Let us fight for a new world, a decent world that will give men a chance to work, that will give youth a future and old age a security.  By the promise of these things, brutes have risen to power. But they lie!   They do not fulfill that promise.  They never will!"

Charlie Chaplin, The Great Dictator

Stocks managed to rally back off their losses to close largely unchanged.

Gold and silver held relatively steady in price.

Trump named Jay Powell as the new Fed Chair today.

Tomorrow is the Non-Farm Payrolls report.

Have a pleasant evening.