"'I beg you, father, send Lazarus to my family, for I have five brothers.  Let him warn them, so that they will not also come to this place of torment.’  Abraham replied, ‘They have Moses and the Prophets; let them listen to them.’   No, father Abraham,’ the rich man said, ‘but if someone from the dead appears to them, they will repent.’ 

And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’”

Luke 16:27-31


"Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves after a fashion; but they cannot understand destitution. 

Capable of giving alms, perhaps, but incapable of stripping their own souls bare, they may be moved to the sound of beautiful music, to Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them. They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat."

Léon Bloy

Stocks were having another wide-ranging day, shoved higher and lower by the hot winds of greed and fear.

Greed seemed to prevail, as stocks went out nearer to the highs of the day.

After the bell Facebook announced its earnings. We will have to wait for the conference call to see how those chips may fall, although the Street was cheered somewhat by the initial numbers.

There will be a Non-Farm payrolls report on Friday.

Gold and silver were weakly traded today with the Dollar rising higher, and the split personalities of the market were vacillating between risk on and risk off.

The stores of ounces of physical gold for ready delivery in Hong Kong has dropped to a rather low level again. The registered gold in NY is not very robustly supplied either, at least at these prices.

Have a pleasant evening.