13 October 2021

Stocks and Precious Metals Charts - Precious Metals Rally - Stock Option Expiration Friday


"He has shown you all what is good.  And what else does the Lord require of you but to do justice, to love mercy, and to walk humbly with your God?" 

Micah 6:8 


"It was pride that changed angels into devils; and it is humility that makes men angels. There never has been, and never can be, and there never shall be any sin without pride.” 

Augustine of Hippo 


"Cynicism masquerades as wisdom, but it is the farthest thing from it. Because cynics don’t learn anything. Because cynicism is a self-imposed blindness, a rejection of the world because we are afraid it will hurt us or disappoint us.” 

Stephen Colbert 


"By your stubbornness and hardened heart, you are storing up wrath for yourself for the day of revelation of the just judgment of God,  who will repay everyone according to his works:  eternal life to those who seek glory, honor, and immortality through perseverance in good works,  but anger and rebukes to those who selfishly disobey the truth and obey wickedness." 

Romans 2:4-8 

"The humble live in continuous peace, while in the hearts of the proud are envy and frequent anger."

 Thomas à Kempis 


"All bitterness, anger and violence, shouting and derision must be removed from you, along with all hatrefulness.   Be kind and compassionate, forgiving one another, just as God in Christ has forgiven you." 

Ephesians 4:31-32


The inflation numbers came in pretty much as forecast this morning, which was a reassurance to the markets it seems.

Stocks managed to rally, and were able to hold it into the close.

Gold and silver were impressive today, although only lightly remarked on financial television.

They managed to stage a breakout, and hold it into the close.

Let's see if they can add to those gains.

The Dollar took a dive today, but managed to hang on to the 94 handle.

There will be a stock market option expiration on Friday.

The lack of follow up and attention to an almost unprecedented scandal of Fed governors engaging in brazen insider trading is surprising.

Maybe not so surprising in the corporate media perhaps, but even the bloggers, with a few notable exceptions, are remarkably quiet about this stunning revelation of corruption at the highest levels in our Federal Reserve System, a powerful regulator and largely self-regulating of itself and its clients.

The financial establishment is no benign, objective force for good in the economy.  

They are powerful, self-promoting, and petty in terms of rewards, accolades, and that most golden of oligarchical treasures, access to power.

Have a pleasant evening.