14 December 2020

Stocks and Precious Metals Charts - Quadruple Witch Option Expiration


"All I have is a voice
To undo the folded lie,
The romantic lie in the brain
Of the sensual man-in-the-street
And the lie of Authority
Whose buildings grope the sky:
There is no such thing as the State
And no one exists alone;
Hunger allows no choice
To the citizen or the police;
We must love one another or die."

W. H. Auden, September 1, 1939


"To know and to serve God, of course, is why we're here, a clear truth, that, like the nose on your face, is near at hand and easily discernible but can make you dizzy if you try to focus on it hard.  But a little faith will see you through. What else will do except faith in such a cynical, corrupt time? 

Gentleness is everywhere in daily life, a sign that faith rules through ordinary things: through cooking and small talk, through storytelling, making love, fishing, tending animals and sweet corn and flowers, through sports, music and books, raising kids — all the places where the gravy soaks in and grace shines through. Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people." 

Garrison Keillor


So where was the risk perception today? 

The Dollar moved lower. Gold and silver moved lower. 

The miners were smacked much harder. 

VIX moved higher. 

Stocks in general were weak, except for the tech bubble and story stocks. 

Must be a quadruple witch option expiration ahead of a major holiday-shortened week.

Ho ho, ho.

The northeast and Middle Atlantic are expecting a major nor'easter this week, carrying a potentially very heavy snowfall with it.

Have a pleasant evening.