"Day by day the money-masters of America become more aware of their danger, they draw together, they grow more class-conscious, more aggressive. American political corruption was the buying up of legislatures and assemblies to keep them from doing the people's will and protecting the people's interests; it was the exploiter entrenching himself in power, it was financial autocracy undermining and destroying political democracy.
By the blindness and greed of ruling classes the people have been plunged into infinite misery."
Upton Sinclair, The Brass Check
"If you have not chosen the kingdom of God first, it will in the end make no difference what you have chosen instead.”
William Law
Stocks were mostly unchanged ahead of Jerome Powell's keynote speech tomorrow at Jackson Hole.
I doubt that he will say anything that is market moving, but it won't take much to perturb a bubble of this magnitude.
Gold was hit by selling ahead of the option expiration that is mostly irrelevant to it.
Silver held steady. It has more stake in the expiration.
The US Dollar moved a bit lower into the close.
Have a pleasant evening.
