Today was an option expiration for precious metals on the Comex. Both gold and silver were able to hold their ground. Let’s see how they go into the weekend.
The US Dollar (DX) lost all the ground it gained yesterday.
Stocks had another wide ranging day, with broad highs and lows, and then finishing almost unchanged.
This swinging represents uncertainty about valuations and the future. This is not a constructive foundation for a bull market, especially one that has been based on bubbles and bullshit for so long.
I just finished ‘binge watching’ the German TV series, dubbed in English thankfully for Netflix, called Babylon Berlin. It is very engaging and well done.
As you know I have a keen interest in the Weimar era. It is fascinating to watch their daily struggles, and excesses, and schemes in the late 20’s and early 30’s, knowing full well what wickedness and utter ruin was coming their way.
As to the present, American professionals are preoccupied in addressing the great emptiness of their lives through the fevered acquisition and retention of power and money for its own sake. Our hypocrisy knows no bounds. And our estimation of ourselves and expectations for the future are excessive to say the least. Well, this is how it is at the tail end of almost any anomalous era, when a select group of men would be as the gods of their adulterous generations. And because of the increase in wickedness, the love of most will grow cold.
Lets see how we go into the weekend.
Leave A Comment