13 January 2017

Gold, Silver, and US Equities - A Telescope Into Eternity

"Never, never be afraid to do what’s right, especially if the well-being of a person or animal is at stake. Society’s punishments are small compared to the wounds we inflict on our soul when we look the other way.”

Martin Luther King

“The tyrant dies and his rule is over; the martyr dies and his reign begins.”

Søren Kierkegaard

"Cæsar was swimming in blood.   Rome and the whole pagan world was mad.   But those who had had enough of transgression and madness, those who were trampled upon, those whose lives were misery and oppression, all the weighed down, all the sad, all the unfortunate, came to hear the wonderful tidings of God, who out of love for men had given Himself over to be crucified, to redeem their sins.

When they found a God whom they could love, they had found that which the society of their time could not give to anyone— happiness and love.

And Peter understood that neither Nero, nor all his legions, could overcome the living truth—  that they could not overwhelm it with tears or blood, and that now its victory was beginning.   He understood with equal force why the Lord had turned him back on the road.   That city of pride, of crime, of wickedness, and of a lust for power, was beginning to be His city."

Henryk Sienkiewicz, Quo Vadis: A Narrative of the Time of Nero

Gold and silver are hovering just below overhead resistance, 1200 and 17.00 respectively.

These are more 'round number' symbols than anything else, with the real breakout resistance just a little higher on each.

The divergence in stocks continues, with big tech carrying the ball higher while the more mundane stocks continue to chop sideways, as is easily seen in the SP 500.

The continuing saga of the incoming Trump Administration and the Russian hackers who deprived Hillary of her place of worldly power becomes more and more interesting, and at times entertaining, as in an opera buffo.

As you may recall, the American markets will be closed on Monday in observance of Martin Luther King day.    As for the rest of the world, please try to carry on without their guidance.

Have a pleasant weekend.

On 4 April 1968, the day after he gave this speech in Memphis, Dr. Martin Luther King, Jr. was assassinated.