17 February 2022

Stocks and Precious Metals Charts - Suffocated by Worries, Seduced by Wealth

 

"You brood of vipers.   How can you speak goodness when you are evil?  From the depths of the heart the mouth speaks.  The good bring forth goodness from their reserves of good, and the evil bring forth evil, from the depths of their treasures wrought in evil."

Matthew 12:34-35


"The mystery of the poor is this: that they are Jesus, and what you do for them you do for Him.  It is the only way we have of knowing and believing in our love.  The mystery of poverty is that by sharing in it, making ourselves poor in giving to others, we increase our knowledge of and belief in love."

Dorothy Day 

 

"The seed falling among the thorns refers to someone who hears the word, but the worries of this life and the deceitfulness of wealth choke the word, making it unfruitful.  But the seed falling on good soil refers to someone who hears the word and understands it."

Matthew 13:22-23 

 

"The world would be better off if people tried to become better.  And people would become better if they stopped trying to become better off.  For when everybody tries to become better off, nobody is better off.  But when everybody tries to become better, everybody is better off. 

What we give to the poor for Christ's sake, is what we carry with us when we die." 

Peter Maurin

 

"And what does the Lord require of you but to act justly, to love mercy, and to walk humbly with your God?" 

Micah 6:8

 

The message of the gospel is simple, clear, and straightforward.

But the word that has been planted in most is suffocated by the worries of the world, or seduced by wealth.

So we make it disputatious and complex, because the evil in us loves to hide the light with complexity.

It is a way to blind our eyes and harden our hearts against the heart of the law.

It is the leaven of the Pharisees.

Stocks dropped hard today and went out on the lows as risk was once again discovered.

Do these jokers seem bipolar or what?

It presents in these endless wash and rinse cycles in the markets.

Apparently the concerns about Russia and its position with regard to the Ukraine is open to some differences of opinion.

With the VIX climbing gold and silver had an exceptional day to the upside, especially gold, which took and held the $1900 level.

The Dollar chopped sideways and finished marginally higher.

The US is heading into a three day weekend, with Monday a holiday for the financial markets.

Stock option expiration tomorrow.

It will take some conviction as things stand now to hold a position into this long weekend.

Have a pleasant evening.