25 January 2023

Stocks and Precious Metals Charts - On the Road to Damascus - Metals Option Expiration Tomorrow


"Those to whom one of these blows has happened— after which they struggle on the ground like a half-crushed worm—have no words to express what has happened to them.  Among the people they meet, even those who have suffered much, those who have never had contact with affliction have no idea what it is.  

Then one day God comes to manifest Himself to them and reveals the beauty of the world, like God did in the case of Job.  But if the soul ceases to love, it falls into something here below that is nearly equivalent to hell."

Simone Weil, The Love of God and Affliction

"God whispers to us in our pleasures, speaks in our conscience, but shouts in our pains: it is his megaphone to rouse a deaf world.”

C. S. Lewis

"It is better to find God on the threshold of despair than to risk our lives in a complacency that has never felt the need of forgiveness."

Thomas Merton

"And therefore mine own good daughter, never trouble thy mind for anything that ever shall happen me in this world.  Nothing can come but what God wills.  And I make me very sure that whatsoever that be, it shall indeed be the best."

Thomas More, letter to his daughter Margaret from prison

“Man has places in his heart which do not yet exist— and into them enters suffering, in order that they may have life.”

Léon Bloy

Stocks turned in another dipsy-doodle day, with stocks plunging lower from the open, but returning to positive on the SP 500 and only slighly lower on the NDX.

Same day wash and rinse.  How modern.

Gold and silver moved higher, while the Dollar slid a little lower again.

Tomorrow will be an option expiration on the Comex for gold and silver.

Often we get a secondary gut check after the expiry, perhaps on Friday, for those lucky few whose in the money calls are exchanged for active futures contracts.

VIX continued to drift lower.  

We are so exceptional!

Have a pleasant evening.