“People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”
C. Wright Mills
"They do not see the image of Almighty God before them, and ask themselves what He wishes. And, for the same reason that they do not please Him, they succeed in pleasing themselves. Hence, they become both self-satisfied and self-sufficient; – they think they know just what they ought to do, and that they do it all; and in consequence they are very well content with themselves, and rate their merit very high, and have no fear at all of any future scrutiny into their conduct."
John Henry Newman
“Each day we are becoming a creature of splendid glory, or one of unthinkable horror.”
C. S. Lewis
Gold and silver took an early on hit in the NY trade, as the option holders from earlier these week who were in the money took another gut check.
Is that it?
Do we bottom now that their mischief is managed?
Let see what happens next week.
We are now entering a seasonally strong period for the metals.
Stocks reached for a high note.
The Dollar fell again.
volatility also fell, despite the breaking news of the assassination of the chief scientist of Iran's nuclear program.
Dolly and I had some leftover turkey for lunch and we are now ready to succumb to the power of the nap.
Snuggle on, Dolly.
Have a pleasant weekend.
