Stocks attempted to rally today, but sold off into the close, finishing a little more than unchanged.
Gold and silver gained back a little bit, and the Dollar was lower.
The slow decline of physical gold registered for immediate delivery continued.
Let’s see if the metals can muddle through the Non-Farm Payrolls report next week.
The report might be considered important now that the Atlanta Fed has cut its GDP forecast for 2Q. Although I suspect it would take something quite impressive to hold back the Fed from their rate raising campaign.It has little to do with the real economy, and more to do with their need for maneuvering room to cut rates when their latest financial asset bubble starts to implode.
The US markets will be closed for the 4th of July holiday next week.
There will be a surprisingly busy economic calendar for that holiday shortened week. I have included that calendar below.
The FAA has posted air space restrictions for our area from today until next Monday, so I suspect that Trumpster will be dropping in on his golf course in Bedminster NJ which is just down the road for the weekend.
He might have been better off going down to his winter place in Mar-a-Lago Florida.It may be cooler. The weather here is expected to be a humid 100 F over the weekend.Too hot except for the most ardent golfers in my book.
I have a pot of Anasazi beans, with various types of smoked sausage, baby back ribs, onion, peppers, celery, carrots, and a blend of spices simmering in the slow cooker. Their smell is permeating the house. The young man will be coming this evening for dinner, and Dolly will be dancing with joy on his return.
This is contentment, my joys and my consolations.
As Aloysius Gonzaga noted, ‘It is better to be a child of God than king of the whole world.’
Need little, want less, and love more.For those who abide in love abide in God, and God in them.
