15 October 2021

Stocks and Precious Metals Charts - What a Surprise - Metals Smacked Hard For Option Expiration


"Our Lord has no body now but yours,
  no hands, no feet on earth but yours.
 Yours are the eyes through which He looks
  with compassion on this world,
  yours are the feet with which He walks to do good.
 Yours are the hands, with which He blesses all the world.

Let nothing disturb you.  Let nothing make you afraid.
All things are passing.  God alone never changes."

Teresa of Avila


Stocks managed to extend their rally in the big names. 

Goldman turned in 'stellar results' from their trading.

Maybe Kaplan's trading book which he kept with them helped.

The broader stock market in the Russell 2000 not so much. 

The Dollar was unchanged, just hovering below the 94 handle.

Gold and silver were hammered because -- well it was a stock option expiration.

The VIX was lower.   

Today was a 'risk on day,' deluxe. 

Let's see if stocks can bravely soldier on.

And if the wiseguys can keep the precious metals under wraps.

I almost took a position in the metals today but I wanted to see how things went on Monday.

The heart of the problem is the same as it has been throughout most of history:  too much power in too few hands. 

Need little, want less, love more.

For those who abide in love abide in God, and God in them.

Have a pleasant weekend.