26 January 2023

Stocks and Precious Metals Charts - Out of Darkness - What a Coincidence


“Whatever has been said in the dark will be heard in the light, and what has been whispered in private will be proclaimed from the rooftops."

Luke 12:2-3

"The descent to hell is easy, and those who begin by worshiping power, soon worship evil."

C. S. Lewis

"Do you not yet see and understand?  Are your hearts that hardened?   Having eyes do you not see, and having ears do you not hear?  Don't you remember anything?"

Mark 8:17-18

"The word of God is a living thing, and works among us.   It is sharper than a double-edged sword, and penetrates even to the dividing of soul and spirit, the joints and the marrow; it judges the innermost thoughts and inclinations of every heart.   Nothing in all of creation is hidden from the sight of the Lord. Everything is uncovered and laid bare before the eyes of Him to whom we must some day give an account."

Hebrews 4:12-13

"Their souls are so empty, so shallow, so broken and insubstantial, that when stripped of their earthly husks there will not be enough of them left to be recognizable as a personality.  They look like the remnants of dried brown leaves, blowing along the gutters and alleyways of a hard and unyielding hell.   No one remembers them, or even know what they are.  And no one hears them, their dry scratching cries, and they are alone.   It is hard to even think of it again, much less imagine falling into that state.  And yet, that is not the worst that I saw."

Jesse, About the Poor and Taxes, 25 July 2012

"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."

Ephesians 6:12

Stocks managed to rally today and go out near the highs.

Today was the precious metals option expiration on the Comex.

 Gold and silver took a bear raid in the chops, but managed to take some back into the close.

What a coincidence.

Let's see if the wiseguys have another gut check in them.

Chinese New Year Spring Festival formally lasts a week, but the holiday often stretches out to February 15th, as measured by factory and office closings.

We will have an FOMC decision and Non-Farm payrolls next week.

More coincidences on deck.

Have a pleasant evening.