Stocks and Precious Metals Charts - Markets Rebound Sharply After the Triple Witch Wash and Rinse

 

"It is easy enough to tell the poor to accept their poverty as God's will when you yourself have warm clothes and plenty of food and medical care and a roof over your head and no worry about the rent. But if you want them to believe you--try to share some of their poverty and see if you can accept it as God's will yourself."

Thomas Merton 

 

“This great masquerade of evil has played havoc with all our ethical concepts.  For evil to appear disguised as light, compassion, historical necessity or even social justice is quite bewildering to anyone brought up on our traditional ethical concepts, while for the Christian who bases his life on the Word, it merely confirms the fundamental wickedness of evil.  Mere waiting and looking on is not Christian behavior.  Christians are called to compassion and to action." 

Dietrich Bonhoeffer 

 

Markets decided that the gloom and doom of Fed hawkish that drove markets lower on Friday was not all that serious after all, and rallied strongly today.

Option expiration over, markets rally.

What a surprise.

The Dollar and VIX dropped.

Gold and silver were higher.

The SP 400 led the tech heavy NDX higher.

There will be a Comex option expiration this week, more important for silver than gold.

It will be interesting to see how the impact of the Basel III rules regarding gold will impact its price and supply at the end of the month.

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

Have a pleasant evening.