24 May 2019

Stocks and Precious Metals Charts - Save Yourselves From This Wicked Generation - Three Day Weekend

Signorelli, Satan and the Antichrist
"And Simon Peter answered him saying, “Master, we have worked so long, all night, and have not seen any results. But because you say so, I will once again let down the nets.”

Luke 5:5

"Greater love has no man but this, that he lays down his life for his friends."

John 15:13

"And so with many other words and arguments he warned them; and he pleaded with them, ‘Save yourselves from this wicked generation.’

Acts 2:40

I will be posting the charts a little before the close today.

The action is just about grinding to a halt, as most of the adults left much earlier today for their wonderful retreats in the Hamptons.

The junior traders have been left in benign command of the desks, and the algos have been set to neutral.

Gold was up a bit today as the Dollar had a further slight decline. Silver was off a bit and the VIX was lower.

I think we will see a turn, a sea-change if you will, in the gold market this year, perhaps as early as June.

Stock trading was a bit sluggish, with the tech stocks finishing unchanged and the SP 500 up just a bit, mostly on indifferent greed.

The economic data came in weekly. There will be more next week.

Theresa May, the British PM, resigned today.  

The US markets will be closed on Monday for Memorial Day.

Please remember those who have sacrificed much in the service of their friends and families.

And remember those also who sacrifice much, and too often for insults and hardships with little thanks, for their conscience.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant weekend.