29 August 2017

Stocks and Precious Metals Charts - Principalities and Powers

"Surely, there is at this day a confederacy of evil, marshaling its hosts from all parts of the world, organizing itself, taking its measures, enclosing the church of Christ as in a net, and preparing the way for a general apostasy from it.  Whether this very apostasy is to give birth to Antichrist, or whether he is still to be delayed, we cannot know; but at any rate this apostasy, and all its tokens, and instruments, are of the Evil One and savor of death.

Far be it from any of us to be of those simple ones, who are taken in that snare which is circling around us!  Far be it from us to be seduced with the fair promises in which Satan is sure to hide his poison...

He prompts you what to say, and then listens to you, and praises you, and encourages you.  He bids you mount aloft.  He shows you how to become as gods.  Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."

J.H.Newman, The Times of Antichrist

"Be sober, be vigilant. Your adversary, the devil, prowls the earth like a roaring lion, seeking those whom he may devour."

1 Peter 5:8

"But the Lord stood by me, and strengthened me, so that the message might be fully proclaimed that all the Gentiles might hear.  And I was delivered out of the lion's mouth."

2 Timothy 4:17

"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

Ephesians 6:12

The option expiration on the Comex passed, with an undeniable flight to safety underway, as North Korea provocatively launched a missile over their traditional foe and US ally, the island nation of Japan.

Today the holders of the new contracts for those whose call options expired in the money were given the opportunity and perhaps some incentive to cash them in.  As I had said this is more of an issue for silver for the September contract holders than for gold.

The divergence between the quoted Kitco 'spot' gold price and the US futures continuous contract continues as I have previously noted.  This is because of the weight of the December contract in gold, and the method by which the 'spot' price is derived.  I mention this only to account for the slight price discrepancy you may find in my chart.

And so we see that gold has broken out, and set a new high for 2017.  The trick will be to hold this breakout level through the upcoming Non-Farm Payrolls report this Friday.  Not that the report will be of any particular significance, although much may or may not be made of it.  Rather, it is a cue to the price manipulators that they may have an opportunity to take the tourist investor to the cleaners for a quick wash and rinse, in one direction or another.

The queen abides.  She is only lightly responding to outside stimulus.  I suspect that she is being caught up already in the contemplation of eternity.  And after all, at that enormity, that overwhelming significance of all existence, what else matters?  The closing price of Apple?

People are so foolish.  They think they are winning, when they no longer even understand the nature of the game that they are playing.

In the end, the only real tragedy is not to have been a saint.

Have a pleasant evening.