12 November 2024

Stocks and Precious Metals Charts - They Never See It Coming

 

"It is blasphemy to separate oneself from the earth and look down on it like a god.  It is more than blasphemy; it is dangerous.  We can never be gods, after all — but we can become something less than human with frightening ease.”

N.K. Jemisin, The Hundred Thousand Kingdoms

"This is what baffles the power of Satan.  He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it.   Crafty and penetrating as he is, yet his thousand eyes and his many instruments avail him nothing against the majestic serene silence, the holy imperturbable calm which reigns through the providences of God.  If even devils, sagacious as they are, spirits by nature and experienced in evil, cannot detect His hand while He works, how can we hope to see it, except by that way which the devils cannot take, by loving faith."

John Henry Newman

"There is not a moment in which God does not present Himself under the cover of some pain to be endured, of some consolation to be enjoyed, or of some duty to be performed.   All that takes place within us, around us, or through us, contains and conceals His divine action.  All souls must admire and respect one another, walking along our path to the same goal, united in purpose and with the help of God's plan which, in its great variety, is in us all.”

Jean-Pierre de Caussade, L'Abandon a la Providence Divine

"A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, we are not going to be judged.”

Czeslaw Milosz, Discreet Charm of Nihilism

"God has a way of standing before the nations with judgement, and it seems that I can hear God saying to America 'You are too arrogant! If you don't change your ways, I will rise up and break the backbone of your power. And I will place it in the hands of a nation that doesn't even know my name. Be still, and know that I am God.'"

Martin Luther King

 

What is the most you have ever lost on a coin toss?

How about on the assumption that for all the lies, betrayals, theft, greed, and murder, that we will not be judged?

Stocks were weak today, especially in the broader market.

The bubble leaders are the last to get the message.  But when they do, look out below.

Gold struggled again, as the Dollar rose to a new short term high.

Silver was unchanged after another early selloff.

VIX is very low.

Change is in the air.

They never see it coming.

There will be a stock option expiration on Friday.

Have a pleasant evening.