Stocks and Precious Metals Charts - Saving Private Equity - No Fear

"The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost.  Investors believe this now and, worse still, the government believes it as well. 

We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards."

Seth Klarman

The US stock futures markets had slumped badly in the overnight session due to the escalating 'trade war' with China.

And as you can see, stocks made a dramatic turnaround and finished markedly higher on the day.

Silver was off a bit and gold closed virtually unchanged after having rallied in a flight to safety in the early morning.

Are we not exceptional?   Are you not entertained?

Have a pleasant evening.

William Pepper: Another Look at the Assassination of Martin Luther King

"I wound up being the last judge hearing the James Earl Ray matter: Did he in fact assassinate Dr. Martin Luther King?  And had he not died and his local attorney not died in close succession, it would have been my finding that he was not the gunman.  That Remington 760 Gamemaster they’ve got in the Civil Rights Museum is not the murder weapon. It’s not even close."

Judge Joe Brown

This is an interesting report that includes testimony from William Pepper, who is a lawyers, an anti-war journalist and friend of MLK and his family.

He is "noted for his efforts to prove government culpability and the innocence of James Earl Ray in the assassination of Martin Luther King, Jr., as well as the King family, in subsequent years. Pepper has also been trying to prove the innocence of Sirhan Sirhan in the assassination of Robert F. Kennedy."

I was intrigued by the testimony of a judge in the matter of James Earl Ray who says that it has been proven conclusively that Ray's rifle was not the murder weapon.  He says that he would have ruled to vindicate him based on this.  Judge Brown was removed from the case for 'bias against the prosecution.'

I have not investigated this particular version of events exhaustively and offer it only as something for thought.  It relies heavily on the credibility and veracity of William Pepper and the facts as he has assembled them.

I personally agree with the results of the King family's civil action that James Earl Ray was not a lone gunman in this action.

A transcript of this video is available at The Corbett Report.

Gold Price Intraday Average Pricing For March

During March the price of gold in dollars has been bottoming a little after the London PM Fix.

That would be around 11 AM EDT.

Right now the powers that be are doing their job of bailing out Wall Street. Let's see if they are successful.

P.S. at 12:20 PM - Yep, they did it, at least for now. Smacked down gold and pumped up stocks to unchanged. Now they have to hold it into the close.

My laptop has fallen down on the job. Consequently I am using my old trading platform while it is being revived, hopefully tomorrow.

The update tonight *might* be late.

Stocks and Precious Metals Charts

"You must not fear, for I am with you; you must not be afraid, for I am your God. I will strengthen you, indeed I will help you. I will uphold you with the sure hand of my righteousness."

Isaiah 41:10

Wall Street managed to squeeze out the Spotify IPO today at a high price that declined steadily through the trading day.

But the wiseguys achieved the relatively calm market that was required to bring this 'direct IPO' out.

Stocks had a wobbly start with an upward bias towards the end of the day, finishing slightly higher.

Gold and silver were lower with the US Dollar finishing higher.

There will be a Non-Farm Payrolls Report on Friday.

Have a pleasant evening.