Stocks were able to enjoy another lackadaisical summer day, with an upward drift.
What is the risk? Something that can easily be ignored for the day, until it rises up and smacks us in the face. But while the music plays, the dancing must go on.
Gold and silver caught a little lift on the slightly weaker dollar. I am not so sure about silver, but gold is going to someday express its determined resistance to being treated like just another fiat currency.
Politics continues to distract and divert the public conversation. And much of it is somewhat artificial and even arbitrary and unrelated to the most pressing topic of the day, which is political and economic reform.
The ‘lesser of two evils’ is a political strategy, an engaging diversion, but not a real choice. It is a convenient rationale designed to persuade the public to accept one form of evil over another.
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