04 January 2017

Charts at Market Close - The Duty of Delight - Cup and Handle

"How necessary it is to cultivate a spirit of joy. It is a psychological truth that the physical acts of reverence and devotion make one feel devout.  The courteous gesture increases one's respect for others.  To act lovingly is to begin to feel loving, and certainly to act joyfully brings joy to others which in turn makes one feel joyful. I believe we are called to the duty of delight...

People say, what is the sense of our small effort? They cannot see that we must lay one brick at a time, take one step at a time. A pebble cast into a pond causes ripples that spread in all directions. Each one of our thoughts, words and deeds is like that."

Dorothy Day

Today was the weekly trip to the butcher and the baker. We tend to be a little picky about quality, so we do drive a little distance but it is well worth it.

It is the little things that make life worth living.  Maybe that is why those who have too much, and think too much about themselves, are so often rather hard to please, and among the most miserable of God's creatures.   Greed can never be filled, and therefore the greedy heart is never at rest.

Stocks were in a lazy upward drift for the better part of the day, with silver following and gold in a sideways chop.

Kohl's and Macy's cut forecasts after the bell, and both stocks are getting slammed lower. Just another sign of the great and glorious consumer recovery.

The first one hundred days of Trump's administration are sure to be interesting. He is not even sworn into office and is already making a big splash.

Just to reiterate what I said yesterday, if gold and silver can break out from here, it will look like a rather long handle (ladle?  lol) in a cup and handle, with measuring objectives as initially indicated, and most likely much higher from here by year's end 2017.

But first the breakout attempt and a confirmation.  One step at a time.

Have a pleasant evening.