Stocks and Precious Metals Charts - Risk On

"Perfection, of a kind, was what he was after,

And the poetry he invented was easy to understand;

He knew human folly like the back of his hand,

And was greatly interested in armies and fleets;

When he laughed, respectable senators burst with laughter,

And when he cried, the little children died in the streets." 

W. H. Auden, Epitaph To a Tyrant 

 

Stocks were in risk on rally mode today. 

The usual suspects were large and in charge. 

The Banks start to report earnings tomorrow with serial felon JPM leading off. 

Today was Thanksgiving Day in Canada, eh? 

Happy Thanksgiving you hosers. 

Gold and silver were a little lower and the Dollar was unchanged. 

 Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Just Because - Time Is a Flat Circle

"Time is a flat circle.  Everything we have done or will do we will do over and over and over again— forever.  This place is like somebody's memory of a town, and the memory is fading.  It's like there was never anything here but jungle. "

 Rust Cohle, True Detective

 

Stocks were in rally mode today. 

 Like the song says, 'Just Because.' 

The VIX was lower, which seems to indicate a 'risk on' attitude. 

But interesting, the Dollar was sharply lower. 

And gold, and especially silver, were also in rally mode, with silver getting its beta on. 

So what's up with this. 

Well, as I had mentioned, China returned to business this week, after celebrating National Day.

Perhaps it is a little more complex than the spokesmodels and bull market geniuses may allow. 

As you may have noticed my posting has been brief lately. 

I have been struggling with an eye problem for the past week or so.   Reading, especially from a computer screen, has been fatiguing.  

I threw in the towel on over-the-counter seasonal allergy and traditional treatments, and went to see my ophthalmologist earlier this week.  Normally I just see him once a year.

Pain is a wonderful motivator to try something new. 

And it appears I have an eye infection that was worsening.   

I don't know how it got infected. I have never had this happen before. 

But an array of pricey prescription treatments seems to be improving things. 

 So perhaps I will feel more expansive next week. lol 

Have a pleasant weekend. 

 

Stocks and Precious Metals Charts - The God of the Markets

"At the root of America's economic crisis lies a moral crisis: the decline of civic virtue among America's political and economic elite.   A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world." 

Jeffrey Sachs 

 

"As everything in what used to be called creation becomes a commodity, human beings begin to look at one another, and at themselves, in a funny way, and they see price tags. There was a time when people spoke, at least occasionally, of 'inherent worth'— if not of things, then at least of persons."

Harvey Cox, The Market as God

 

"What we need in the United States is not division.  What we need in the United States is not hatred.  What we need in the United States is not violence and lawlessness, but love and wisdom and compassion toward one another, a feeling of justice to those who still suffer in our country." 

 Robert F. Kennedy 

 

"I want to end with the idea that the [unregulated] market is capable of resolving all of our social conflict, fairly and justly.  That is the great idea of the 1990's.  And we all know now what a crock that is.   I think what we need in order to restore some kind of sense of fairness is not the final triumph of markets over the body and soul of humanity, but something that confronts markets, and that refuses to think of itself as a brand." 

Thomas Frank

 

Stocks were in rally mode today, with the big cap techs lagging a bit.

Gold and silver were higher, while the Dollar was essentially unchanged.

Monday is Columbus Day.   While the markets will be open, other financial businesses may be closed.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Slowly We Turned

“Realize that narcissists have an addiction disorder.  They are strongly addicted to feeling significant.  Like any addict they will do whatever it takes to get this feeling often.  That is why they are manipulative and fakers.  They promise change, but can't deliver if it interferes with their addiction.”

Shannon L. Alder 

 

"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

 

Stocks were in rally mode today, taking back the losses incurred yesterday when the Covid stimulus talks were cancelled. 

Gold and silver gained a bit. 

 The Dollar was slightly lower. 

Let's see what the rest of this week brings. 

There will be a debate between the two VP candidates tonight. 

National Day 'Golden Week' in China is now over, so perhaps we will see a pickup in trading activity from that portion of Asia.

Have a pleasant evening.