"What can I give Him,
Merson The Flight Into Egypt
Poor as I am? —
If I were a Shepherd
I would bring a lamb;
If I were a Wise Man
I would do my part, —
Yet what I can I give Him, —
Give my heart."
Christina Georgina Rossetti, A Christmas Carol
"And Joseph rose and took the child and his mother by night and departed to Egypt, and remained there until the death of Herod. This was to fulfill what the Lord had spoken by the prophet, 'Out of Egypt I called my son.'
Then Herod, when he saw that he had been tricked by the wise men, became furious, and he sent word to kill all the male children in Bethlehem and in all that region who were two years old or under, according to the time that he had ascertained from the magi."
Matthew 2:13-16
Pride and a love of self and of power makes families homeless— and in its rage murders innocents, as it was then and is now.
Stocks attempted to extend the government-sponsored 'rebound rally' today but with only mixed success, as they finished largely unchanged after a solid try to move higher.
Please note from the charts that this retracement rally is now at the 38.2% level on the Fibonacci index.
Next Monday will be a full day trading session, but the markets will be closed on Tuesday for New Year's Day. Monday will be the last trading session of 2018.
Typically the day of New Year's eve is one of light trading, but in this market who can tell.
Gold and silver continued to move higher, planting a solid close as they appear to break out from their intermediate trend higher, from gold's bottom at 1159 in early August.
I have marked some new lines on the charts that may help us to track the price of gold as it climbs 'a wall of worry.'
At some point the 'gold pool' of price management will collapse due to a dearth of physical gold at the current prices. And then we may see a significant price adjustment, as has happened in the past after protracted periods of similar 'management' by the Banks.
There will be a Non-Farm Payrolls Report on Friday.
My son and I have been watching Narcos: Mexico on Netflix this week. It is a very good extension to the series.
Have a pleasant weekend.
