24 November 2021

Stocks and Precious Metals Charts - Weighed, and Found Wanting


“You may keep your gifts, or give your presents to someone else; but the writing I will read for you, O king, and tell you what it means.  You have rebelled against the Lord of heaven. By Him were the wrist and hand sent, and the writing set down.

This is the writing that was inscribed:  MENE, God has numbered your kingdom and put an end to it;  TEKEL, you have been weighed on the scales and found wanting;  PERES, your kingdom has been divided and given to foreign nations.” 

Daniel 5:17-28


"They have become foolish in their reasoning, and their senseless minds are darkened."

Romans 1:21 


"God has a way of standing before the nations with justice, and it seems I can hear God saying to America 'you are too arrogant.   And if you don't change your ways, I will rise up and break the backbone of your power, and I will place it in the hands of a nation that doesn't even know my name.  Be still and know that I'm God.'"

Martin Luther King


“Behold, your house is now yours, but is made desolate." 

Matthew 23:39 


Stocks were under pressure all day, but managed to stage another miraculous comeback in the very quiet afternoon trading to finish in the green. 

Gold and silver were similarly under some pressure most of the day, but finished back to about unchanged.

The VIX drifted a bit lower, below its moving averages.

The Dollar rallied again today finished in the high end of the 96 handle.

US markets will be closed tomorrow in observance of the national Thanksgiving holiday.

They will reopen on Friday for a short session.   Most of the adults will be on vacation.


Have a pleasant evening.