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In Time of Plague

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Published : January 23rd, 2020
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Category : GoldWire

"...The broken wall, the burning roof and tower
And Agamemnon dead."

W. B. Yeats, Leda and the Swan

"Beauty is but a flower
Which wrinkles will devour;
Brightness falls from the air;
Queens have died young and fair;
Dust hath closed Helen’s eye.
I am sick, I must die.
Lord, have mercy on us."

Thomas Nashe, A Litany In Time of Plague

Stocks came in weakly from the overnight trade, but found a bit of a toehold in the NY trading.

They managed to finish off nearly unchanged, but are looking tired and overbought.

The blame for this weakness was assigned by the spokesmodels to the appearance of the new Wuhan China viruswhich has made its first appearance in the US.

The cause is a virus. But it is a virus that has been growing and festering in the US for decades.  It is a virus of the mind and the heart, and if unresolved a sickness unto death.

Gold and silver finished off a bit along with the Dollar.

Gold was once again quite strong in the overnight trade, but was sold down again in the early hours of NY trading.

After the bell Netflix was off on a weaker than expected forecast for the first quarter.

What will break the bubble this time?   We are so forgetful, so faithless.

Have a pleasant evening.

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