from Jesse’s Café Américain:
And Jesus said to him the third time, `Simon, son of Jonas, do you love me?’ Peter being distressed replied, `Lord, you know all things; you know that I love you.’ And Jesus said to him, `Feed my sheep.’
‘Verily, verily, I say to you, when you were young, you girded yourself, and walked where you liked. But when you are old, you will stretch out your your hands, and another will gird you, and shall carry you where you would not like to go.’
Today was the end of the first quarter for 2017. And the paint is now dry on the tape.
The economic news, of at least the ‘hard numbers’ kind is not particularly good, as noted on the economic calendar included below.
Next week we will be enjoying another Non-Farm Payrolls Report.
You might be surprised to hear that corporate profits are up 10%, and the wealthy are enjoying very fat returns on their paper assets.
The common person, not so much.
The news on the tests was not very good, and so we will be going back for another round of treatments for a new tumor in the brain. Well, at least this explains why the queen’s memory and awareness have been so dodgy for the past six weeks. And she has been having light seizures and fatigue, so it has been a bit of a task to keep an eye on her and still carry on the household duties. It was becoming fairly apparent that something was very wrong. Please remember her in your prayers as the next few months will be difficult.
Let us see how things develop for the metals next week. April looks to be a more lively month for gold and perhaps for silver, judging by the first clearing reports for both included below.
The ‘defense’ by the gold bears which is so obviously being waged around the 1250 level is more related to the neckline of a developing inverse head and shoulders bottom pattern as noted on the chart. I have been watching this for some time.
Some think the key battle if gold moves higher will be around the prior ‘Trump election night high’ for gold. I think it will be a little north of there, but that may be more of a quibble. It looks like we might be seeing a much larger pattern on the gold charts that could prove to be interesting.
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