The Phaserl


Stocks and Precious Metals Charts – Fifty Days Awakening – Whitsunday

from Jesse’s Café Américain:

“The dove descending breaks the air
With flame of incandescent terror
Of which the tongues declare
The one discharge from sin and error.
The only hope, or else despair
Lies in the choice of pyre or pyre-
To be redeemed from fire by fire.

Who then devised the torment? Love.
Love is the unfamiliar Name
Behind the hands that wove
The intolerable shirt of flame
Which human power cannot remove.
We only live, only suspire
Consumed by either fire or fire.”

T.S. Eliot, Four Quartets

“Nature is never spent;
There lives the dearest freshness deep down things;
And though the last lights off the black West went
Oh, morning, at the brown brink eastward, springs —
Because the Holy Ghost over the bent
World broods with warm breast and with ah! bright wings.”

Gerard Manley Hopkins, God’s Grandeur

“It is better to be a child of God than king of the whole world.”

Aloysius Gonzaga

As you most likely have heard by now, the Non-Farm Payrolls Report For May came in quite shockingly low.

Despite a great deal of popular nonsense The Recovery™ is reserved for the one percent.

I had to crack up at one remark this morning that the jobs number is so low because we are at full employment, and therefore there are not any more jobs to be had or people to take them.

Never mind the Labor Participation Rate which is still falling and awful, and average wages which are sluggish.

But nevertheless stocks rallied as expectations of the Fed’s raising rates this year more than once or twice have fallen dramatically on the lack of inflation and jobs.

And because of that, the dollar tumbled and gold and silver caught a bid on expectations of more Fed looseness, along with their buddies at the ECB and BoJ.

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