01 December 2021

Stocks and Precious Metals Charts - Are You Not Entertained?


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

Romans 1:21 

William Roper:  So, now you give the Devil the benefit of law!

Sir Thomas More:  Yes! What would you do?   Cut a great road through the law to get after the Devil?

William Roper:  Yes, I'd cut down every law in England to do that!

Sir Thomas More:
  Oh?  And when the last law was down, and the Devil turned 'round on you, where would you hide, Roper, the laws all being flat?   This country is planted thick with laws, from coast to coast, Man's laws, not God's!   And if you cut them down, and you're just the man to do it, do you really think you could stand upright in the winds that would blow then?   Yes, I'd give the Devil benefit of law, for my own safety's sake!

Robert Bolt, A Man For All Seasons


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

Matthew 23:39 

Stocks were in buy-the-dip rally mode this morning.

But rude reality intruded, and a vicious whip saw ensued.  Ouch.

Even the pom poms of the spokesmodels were drooping into the close.

Most things that were not in the neighborhood of a flight-to-safety got hammered.

Gold and the Dollar finished slightly higher.

Silver got clobbered along with equities.   

It does not really ride on the usual flight-to-safety trade.

Miners took it on the chin a bit as well, because of their equity correlation.

Try not to seek out and listen to the lies of con men and sociopaths.  

Even though it seems to be fun and fashionable for a while.

The world has not changed and lost its way.  You have.  

And maybe it is time to come home.

"Remember us, O Lord, in thy loving kindness and tender mercies, as ever they have been from old." Psalm 25:6

Have a pleasant evening.