26 May 2022

Stocks and Precious Metals Charts - Flamboyant Deceits and a Spectacle of Vulgarities


"Undeniably great is the mystery of godliness:
He appeared in the flesh,
was vindicated by the Spirit,
was seen by angels,
was preached among the nations,
was believed on in the world,
was taken up in glory."

1 Timothy 3:16

"And there is no more powerful weapon against the devil’s wiles than kindly mercy and bounteous love, by which every sin is either escaped or vanquished.  This lofty power is not attained until that which is opposed to it has been overthrown.

What is more hostile to mercy and works of love than greed, which is the root of all evils?  Unless that vice is destroyed by lack of nourishment, it will grow in the heart as an evil weed taking root, until the heart springs up with the thorns and briars of vices rather than the seed of true goodness. 

Let us then resist this pestilence of evil and follow after love, without which no virtue can flourish, that by this path of love whereby Christ came down to us, we too may rise up with Him." 

St. Leo the Great, Meditation on the Ascension

"The light will be with you only a little while longer.  Walk while you have the light, so that the darkness does not overtake you.  For whoever walks in darkness does not know where they are going."

John 12:35

"The unsustainable will not be sustained.  And it ends in flamboyant deceits, and a spectacle of vulgarities."


The economic data this morning was a bit weaker than expected. 

The markets took this as a 'risk on' signal, thinking that the weaker data would tend to temper the Fed's desires to shrink it's balance sheet and raise the benchmark rates more than what the markets expect.

So stocks rallied.

The Dollar declined a bit back down to the high 101 level.

The VIX decreased further, but still remains elevated.

Gold and silver were hit with this risk on sentiment but also as a follow on to the recent option expiration.

They did manage to take back most of their declines by the end of the day, shenanigans-wise.

I spent a quiet day watching lectures about the Civil war, most from the Abraham Lincoln Presidential Library by Mark DePue, and taking care of Dolly who is recuperating from her surgery yesterday.

This reminds me so much of the in-home hospice I did for two years with the queen.  Living for and serving the ease and comfort of another, day by day.

Painful but peaceful, resigned to the good graces of God.

Have a pleasant evening.