“He did not care for the lying at first.  He hated it.  Then later he had come to like it.  It was part of being an insider, but it was a very corrupting business.”

Ernest Hemingway, For Whom the Bell Tolls


"The truth is that we were so spiritually and morally bankrupt that we could not even see some of those lines: we stepped over them blindly.  Other times we saw the lines alright, but we wanted to cross them... It wasn’t God who was dead. We were."

Ray A., Practice These Principles


“Oh where is the noble face of modesty, or the strength of virtue, now that blasphemy is in power and men have put justice behind them, and there is no law but lawlessness, and none act with fear of the gods?”

Euripides, Iphigenia in Aulis


“A true opium of the people is a belief in nothingness after death— the huge solace of thinking that for our betrayals, greed, cowardice, and murders that we are not going to be judged.”

Czesław Miłosz

The Non-Farm Payrolls report came in substantially lower than expected.

Stocks were weak today, but finished off the lows.

Gold and silver were up slightly, and the Dollar was lower.

This week was Golden Week in China. It is a holiday, and their presence in the gold markets was absent. Next week they will be back.

It was a glorious day for working outside, and for watching the baseball playoffs.

Monday is Columbus Day, and the Banks will be closed, but the equity markets will be open.

Have a pleasant weekend.