16 June 2021

Stocks and Precious Metals Charts - Prelude to a Wash and Rinse - Fed May Raise Rates Twice in 2023

 

"Don’t be fooled into letting the actions of others determine your joy.  True joy comes from knowing that God Himself lives within you and has fellowship with you, regardless of your environment.  Real joy lies in the knowledge that holy God has completely forgiven you of every sin, and even now, He has a home prepared in heaven where you can spend eternity with Him. 

The circumstances of your life cannot change these truths.  Do not allow difficult events to cancel the joy of knowing you are a child of God.  Choose to allow God’s Spirit to fill you with His unquenchable joy, and your life will be a miracle to those who watch you face the trials that come." 

Henry Blackaby, Choose to Rejoice

 

"Greed is not good.  Greed is a disease, an aberration of honest ambition and necessary provision, taken to excess.  This simple distinction may be lost on a people no longer able to distinguish between virtue and sin, honor and expediency, appetite and gluttony, the means and the ends.  Every great religion, every school of philosophy has cautioned throughout history on the perils of unbridled and unregulated greed. 

And yet this generation would make a god of it, although they may not understand, or care, what it is that they are doing, and whom it is they serve.  And yet they will be held to account for their willfulness, foolishness, and casual disregard for others.  

Greed, often in company with hubris or fear, is a handmaiden of the corrupting influence of power and triumph of the will.  

Greed is contagious, and attacks the very contentment of society at its heart, turning it towards oligarchy and oppression. As Erich Fromm observed, 'Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.'"  

Jesse,  Greed Is Not Good, December 2010


“The real conflict is the inner conflict.   Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And what use are the victories on the battlefield if we are ourselves are defeated in our innermost selves?”

Maximilian Kolbe


The Fed surprised the markets today by suggested they may raise rates two times in a couple of years.

The Dollar rallied.

Stocks dropped sharply, but managed to regain much of their losses in the afternoon.

Gold and silver were hit and did not bounce much off the lows.

There will be a stock market option expiration on Friday.

Have a pleasant evening.