Stocks and Precious Metals Charts - And So It Begins

 

"The business model of Wall Street is fraud.  Wall Street won’t change until we make it clear that no bank is too big to fail and no CEO is too big to jail.   Billionaires and Wall Street should not be buying elections.  The reason that Congress isn’t doing what the overwhelming majority of Americans wants has everything to do with the power of the monied interests.” 

Bernie Sanders, September 22, 2016 

 

“The worst crimes were dared by a few, willed by more, and tolerated by all.” 

Tacitus 

 

“Human nature being what it is, small loopholes are likely to be exploited until they become big ones, and big ones until they turn into financial disasters.” 

Seth Klarman 

"Many will follow unrestrained ways, and the truth will be slandered because of them.  They will exploit you for their own greed with deceptive ways."

2 Peter 2:2-3

 

Stocks were weaker today on the Jobs Report perhaps,  but also with a sense of exhaustion.

Gold and silver moved a little higher.

The Dollar dropped the 96 handle.

Have a pleasant weekend.

 

Stocks and Precious Metals Charts - The Book of Jobs

 

"To escape the pain caused by regret for the past or fear about the future, this is the rule to follow: leave the past to the infinite mercy of God, the future to His good Providence, and give the present wholly to His love by being faithful to His grace.”

Jean-Pierre de Caussade

 

“Be kind, for everyone you meet is carrying a heavy burden.”

Ian MacLaren 

"Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring. This is what baffles the power of Satan.  He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it." 

J. H. Newman

 

Another ranging day in stocks with big moves both up and down, and a finish that was mostly unchanged.

The Dollar chopped sideways.

Gold and silver got slammed again, just because they can. 

All eyes on the December Jobs Report tomorrow.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - Hawkish Shock Syndrome

 

"This elite-generated social control maintains the status quo because the status quo benefits and validates those who created and sit atop it.  People rise to prominence when they parrot the orthodoxy rather than critically analyze it.   Real change in politics or society cannot occur under the orthodoxy because if it did, it would threaten the legitimacy of the professional class and all of the systems that helped them achieve their status." 

Kristine Mattis, The Cult of the Professional Class 

 

"Monetary and regulatory policy encourage asset bubbles to proliferate.  Hot money seeks out the conscious mispricing of risk.  Capital, in the form of both money and personal talent, increasingly flows into malinvestment and the gaming of markets.  

The productive economy languishes, left wanting for the lack of creative resources and attention.  The bubble rises to unsustainable valuations— and fails, and a nation's capital is consumed."

Jesse 5 August 2019, The Men Who Sold the World

 

Stocks were wobbly for the morning trade.  

And then the Fed's more-hawkish-than-expected meeting minutes came out, and stocks went into a melt down as Treasury yields rose.

Gold and silver got smacked down from their rally attempt.

The Dollar had been selling off during the day, but rallied sharply higher on the 2 PM news, finishing almost unchanged.

The VIX moved higher.

What a surprise.

Is the rinse cycle over yet?

Never have so many paid such an exorbitant price for so few.

Non-Farm Payrolls report on Friday.

Have a pleasant evening.