Stocks and Precious Metals Charts - The Refuge of the Way - Third Quarter GDP Tomorrow

 

"Who of you is wise and understanding?  Show it by your good life, and by works done in the humility that comes from wisdom.  But if you have bitter jealousy and selfish ambition in your hearts, do not boast about it or deny the truth.  Such ‘wisdom’ does not come down from heaven but is worldly, unspiritual, and demonic.  For where there is envy and selfish ambition, there will be disorder and every evil practice. The wisdom that comes from heaven is first of all pure; then peace-loving, considerate, humble, full of mercy and good fruit, objective and sincere. Those who sow in peace reap a harvest of righteousness."

James 3:13-18

Beware of false prophets, who come to you in sheep’s clothing, but inwardly are ravenous wolves. You will know them by their fruits. Grapes are not gathered from thorn bushes, nor figs from thistles."

 Matthew 7:15

"Nor will love be seen coming from the hearts of those who are fallen into wickedness: they are the fruit of hate, deceit, greed, fear, pride, possession, and aggression.  And they will not only forsake love by washing their hands of it, they will eventually come to condemn it, and persecute it— and thereby condemn themselves.

For the people of God love is the touchstone of faith, the way to know if what we believe is with Him, or from something else; if we are walking with Him, or with something else; if the one who speaks is speaking for Him, or for something else; if we are keeping Him in our hearts, or something else; if we love Him, or ourselves, or something else. 

Love does not speak with hate or fear or derision, but with the fullness of existence which is joy and mercy.  Love is ridiculed and trampled upon by that which is in opposition to His creation. When you are in doubt or confusion about what is true and what is false, look for the light of love.  This is the hallmark of the spirit in the world." 

Jesse, Love Is the Refuge of the Way

Stocks reached for those new highs again today, and flopped back down into the red, or at best unchanged in the case of the big cap, new era tech stocks.

I suspect stocks are priced for perfection, and the GDP number tomorrow has them a bit edgy.

After all, the basis of this bull market bubble is a ponzi scheme fueled by easy money.

And when the music stops, there will be a rush to the exits.

Gold and silver were up a bit.

The Dollar was down a bit. 

From my perspective, the new Bitcoin ETF is analogous to shooting  gerbils out of a cannon during the last tech bubble.  

You know, the one before the housing bubble.

I wonder what we should call this latest bubble?  

Have a pleasant evening.