31 March 2021

Stocks and Precious Metals Charts - The Endless Song of Praise


"Let us remember the poor, and not forget kindness to strangers; above all, let us love God with all our soul, and might, and strength, and our neighbor as ourselves.   For no part of Creation is left void of Him: He has filled all things everywhere."

Athanasius of Alexandria 


"Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." 

Dietrich Bonhoeffer


"Let us ever bear in mind this divine truth,—the more secret God's hand is, the more powerful—the more silent, the more awful.  Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring. 

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.”

John Henry Newman


"Isn't it a riddle and awe-inspiring that things can be so beautiful, despite the horror?  I've seen something wondrous peering through my joy in the beautiful, a sense of its creator.  Only people can be truly ugly, because they have free will to separate themselves from this song of praise.  It often seems they will drown out this hymn with cannon thunder, curses, and blasphemy.  But I have realized they will not succeed.  And so I want to throw myself on the side of the victor.” 

Sophie Scholl


Gold and silver had their expected bounces off a fairly strong support level on their charts today.

While it will be nice to see if they can hold this level and build up from here, the real question is if gold can break out of the potential trading range with resistance overhead at 1770.  

Just look to the left on the chart, to see the last time gold dallied around these levels.

At this point I suspect that silver will continue to follow gold, and that gold will have some inverse correlation to the Dollar.

This is a choppy, highly technical trade.   It befuddles most, especially the momentum players, because by its very nature it lacks momentum.

Stocks are grossly overvalued, but they may continue to be so for some time, given the massive amount of money printing, with its distrubtion priorities to those who play with asset prices, a key facet of our financialized eonomcy.

There will be a Non-Farm Payrolls report early on Friday morning.

Alas, the money changers and their smirking chimps will not be able to gimmick the markets easily, because they will be closed here in the US for Good Friday.  How inconvenient that they may miss an opportunity to steal.

I have included the Comex Clearing Report for the gold April contract, because it has some interesting and somewhat impressive numbers.

Goldman has some interesting in and out action in their own house account.   

Is this the reflection of some custodial responsibility, or were their traders just having a day?

On a brighter note, asparagus is now widely available here and quite inexpensive.   So tonight we will be having a fresh cream of asparagus soup.  I am making it with vegetable broth so it can be eaten on the days of abstinence.  Nothing better for a rainy day, with freshly toasted and buttered croutons.

Our prayers each day are for the intentions of our readers, and for all those who visit here this week.  Especially we pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil.  

We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness.  And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.

Have a pleasant evening.