"For our allotted time is the passing of a shadow,
and there is no return from our death,
because it is sealed up and no one turns back.
‘Come, therefore, let us enjoy the good things that exist,
and make use of the creation to the full as in youth.
Let us take our fill of costly wine and perfumes,
and let no flower of spring pass us by.
Let us crown ourselves with rosebuds before they wither.
Let none of us fail to share in our revelry;
everywhere let us leave signs of enjoyment,
because this is our portion, and this our lot.
Let us oppress the righteous poor man;
let us not spare the widow
or regard the grey hairs of the aged.
But let our might be our law of right,
for what is weak proves itself to be useless.
‘Let us lie in wait for the righteous man,
because he is irritating to us and opposes our actions.
He professes to have knowledge of God,
and calls himself a child of the Lord.
He became to us a reproof of our thoughts;
the very sight of him is a burden to us,
because his manner of life is unlike that of others,
and his ways are strange.
Let us test him with insult and torture,
so that we may find out how gentle he is,
and make trial of his compassion.
Let us condemn him to a shameful death,
for, according to what he says, he will be protected.’
Thus they reasoned, but they were led astray,
for their wickedness blinded them,
and they did not know the secret purposes of God,
nor hoped for the wages of holiness,
nor discerned the prize for blameless souls;
for God created us for a eternal life,
and made us in the image of his perfection,
but through the devil’s envy death has entered the world,
and those who belong to his company shall receive it."
Wisdom 2:5-24
"A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, we are not going to be judged.”
Czeslaw Milosz, Discreet Charm of Nihilism
Stocks tried to rally and failed, but managed to take back a chunk of the day's losses in the quiet of the last trading hours.
Gold and silver declined on a Non-Farm Payrolls Report.
What a surprise.
It seems that the metals may be under some pressure, until the mechanics of the physical market demand break the current paper trading stranglehold.
The Dollar rose, taking a firmer grip on the 98 handle.
I tend not to play 'systems' with counts and rules. I always felt that they tended to create a bias towards what the market *should* do at a given time.
Anticipating the future market movements is a very non-linear, probabilistic art.
I was thinking of all the other sites that I had posted on over the years, and read, and wondered today that so many of them have gone dark behind a paywall, or just gone.
I wonder if, at the end of the day, there will be any asset, any place that is safe from unbridled greed.
Have a pleasant weekend.
