Those Magnificent Men In Their Lying Machines

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.  This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences."

Carroll Quigley, Tragedy and Hope, 1966

US financial markets will be closed on Wednesday 5 December in memorial to the passing of President H W Bush.

Stocks futures were flying last night with respect to the 'deal' that was announced between Trump and Xi at the G20 meeting in Argentina.

In reality there was no deal per se, but an agreement to defer from additional tariff increases as part of the ongoing trade war until January.

But the Santa Claus rally must not be deterred or denied!

It was not a pop and flop, but it did close some measure off the highs, and still left some nice big 'gaps' from the close on Friday.

Gold and silver were higher, and the Dollar was marginally lower.

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

Chairman Powell was expected to speak on Wednesday. This event will be rescheduled because of the memorial.

Have a pleasant evening.