21 February 2023

Stocks and Precious Metals Charts - Sorrows of Empire - Cycles of Greed, Fraud, and Lawlessness

 

“'The woman was arrayed in purple and scarlet, adorned with riches, holding in her hand a golden cup full of idolatry and the impurities of her lawlessness; and on her forehead was written a name of mystery: 'Babylon the great, mother of harlots and of earth’s abominations.'"

Revelation 17:4-6

“Sabbath, in the first instance, is not about worship.  It is about withdrawal from the anxiety system of Pharaoh, the refusal to let one’s life be defined by production and consumption and the endless pursuit of private well-being.

In our own contemporary context of the rat race of anxiety, the celebration of Sabbath is an act of both resistance and alternative.   It is resistance because it is a visible insistence that our lives are not defined by the production and consumption of commodity goods.

The way of mammon (capital, wealth) is the way of commodity that is the way of endless desire, endless productivity, and endless restlessness without any Sabbath."

Walter Brueggemann

"They will be unloving and unforgiving; they will slander others and have no self-control. They will be cruel and hate what is good. They will betray their friends, be reckless, be puffed up with pride, and love pleasure rather than God. They will act religious, but they will refuse the grace that could make them righteous."

2 Timothy 3:3-5

"Then the kings of the earth, their nobles and their commanders, the rich, the powerful, and every one of their willing slaves and free men, hid in the caves and among the rocks of the mountains. And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the righteous anger of the Lamb.'"

Rev 6:15-16

 

Stocks fell the most today for 2023.

Why?  Why not.

Gold was under pressure.  The Dollar rose slightly in a choppy trade.

Silver was the standout, rallying up for most of the day, contra just about everything.

We have an option expiration for silver on the Comex coming on the 23rd. 

Forewarned is forearmed. 

Have a pleasant evening.