14 July 2023

Stocks and Precious Metals Charts - The Destructive Egoism of Divisive Ideology

 

"This kind of person finds fault, complains constantly and sows discontent to promote their own desires and preferences.  If you listen they are arrogant, and they use flatteries to gain advantage.  Remember the predictions of His apostles, that in the last age there will be scoffers driven by their own desires, creating divisions and controversies, worldly, and devoid of the Spirit."

Jude 1:16-19

"I appeal to you, brothers and sisters, to be wary of those who sow divisions among you, and undermine the faithfulness of the people with controversies concerning the teachings that you have received.  Avoid them, for these people do not serve the Lord, but their own passions and objectives.  By their lying tongues and smooth flattering they deceive the naive and the unsuspecting."

Romans 16:17-18

"Avoid foolish controversies, and detailed analysis and pedigrees, and arguments and quarrels about our teachings, because they are unprofitable and useless.  Warn a divisive person once, and then a second time.   After that, have nothing to do with them.  You may be sure that these people are disturbed and sinful; by their actions they condemn themselves."

Titus 3:9-11

"There seems to be a crescendo of corruption and a storm of deceitfulness rising all around us.   How we react to these trials of the day will determine many things, not the least of which is the choice of whom we will serve, whether we realize it or not.

Be wary of the stories being woven that are designed to lead to your fearful acceptance of the unspeakable towards its intended victims.   And be especially wary of interpretations of the faith that are centered on worldly riches for the believer, as an end of faithfulness in itself.  Our Lord did not say, 'Pick up your big fat wallets and follow me to the mall.'"

Jesse, And the Love of Most Will Grow Cold, 16 March 2018

Today we saw retrenchment and consolidation in the markets that were rallying enthusiastically yesterday.

The Dollar bounced higher.

Gold and silver fell a bit.

The major stock indices ended up largely lower or unchanged after a volatile day.

The VIX fell.

Earnings reports will be coming now in earnest.

There will be a stock index option expiration next week, but not as significant as this most recent quad witch option expiration.

Have a pleasant weekend.