09 December 2021

Stocks and Precious Metals Charts - Purgatorio

 

“Come to me, all you who are weary and burdened, and I will give you rest.  Take my yoke upon you and learn from me, for I am gentle and humble in heart, and you will find rest for your souls.  For my yoke is easy, and my burden is light.”

Matthew 11:28-30

 

"Imaginary evil is romantic and varied; real evil is gloomy, monotonous, barren, boring.  Imaginary good is boring; real good is always new, marvelous, intoxicating.  Evil when we are in its power is not felt as evil, but as a necessity, or even a duty." 

Simone Weil

 

"Be wary of those who cause divisions and undermine the faithful, in opposition to the teaching that you have learned.  Avoid them.  For such people do not serve our Lord, but their own appetites and desires.  And by clever words and flattery they deceive the hearts of many of the innocent and easily led." 

Romans 16:17-18

 

"Try not our strength, so easily subdued,
against the ancient Adversary, but set it free
from that which would twist it to perversity."

Dante, Purgatorio

 

"In the Incarnation the whole human race recovers the dignity of the image of God.  Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all.   

Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."

Dietrich Bonhoeffer, Letters and Papers From Prison

 

Stocks were hammered into the close after trading weakly most of the day. 

The broader Russell 2000 was signalling the weakness, and the SP and NDX played catch up.

I came in short equities, and closed them out into the close ahead of the CPI data tomorrow. 

These markets seem to be locked onto a permanent wash and rinse cycle.

Stocks need to make a new high, badly.

Gold fell, and silver was hammered lower back down to $22.

The VIX bounced higher off its moving averages.

Let's see what tomorrow brings.

There is a video about silver manipulation at the bottom of this posting that I have previously included.    

Have a pleasant evening.