Stocks and Precious Metals Charts – Ship of Fools

from Jesse’s Café Américain:

“If I speak in the tongues of men or of angels, but do not have love, I am only a resounding gong or a clanging cymbal. If I have the gift of prophecy and can fathom all mysteries and all knowledge, and if I have a faith that can move mountains, but do not have love, I am nothing. If I give all I possess to the poor and give over my body to hardship that I may boast, but do not have love, I gain nothing.

Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, always perseveres.”

1 Cor 13:1-7

Stocks finished off mixed, but Wall Street can say ‘mission accomplished’ because the SNAP IPO was taken to market in such a way to whet the appetites of the many.

Gold and silver were hit in a rather clumsy and obvious manner this week, but seem to have recovered reasonably well.

On the Comex at least, March is a much more active contract for silver than for gold.

We will be having another Non-Farm Payrolls next week, and a likelihood according to the number of a rate increase at the March FOMC meeting.

Please remember God’s creatures, and the poor among us. For their life is hard, and we are called to show them mercy. And to not judge others harshly in our foolish pride, but as we would wish it for ourselves, if we were but wise, and not given over to the sin that makes us blind.

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