21 September 2023

Stocks and Precious Metals Charts - The Calling - Comex Option Expiration Tuesday 26th


“We are slow to master the great truth that even now Christ is, as it were, walking among us, and by His hand, or eye, or voice, bidding us to follow Him.  We do not understand that His call is a thing that takes place now.  We think it took place in the Apostles' days, but we do not believe in it; we do not look for it in our own case."

John Henry Newman

"For your love for me disappears as quickly as a morning mist; it is like the dew, that melts away early in the day.  That is why I have sent my prophets with messages of judgment and destruction, to strike them with the words of My mouth. My judgment illuminates them like lightning. For I desire mercy, and not sacrifice; and their faithful knowledge of my ways, more than their burnt offerings."

Hosea 6:4-6

"As Jesus went on from there, he saw a man named Matthew sitting at the tax collector’s booth. “Follow me,” he told him, and Matthew got up and followed him.  While Jesus was having dinner at Matthew’s house, many tax collectors and sinners came and ate with him and his disciples.  When the Pharisees saw this, they asked his disciples, 'Why does your teacher eat with tax collectors and sinners?'

On hearing this, Jesus said, 'It is not the healthy who need a doctor, but the sick.  But go and learn what this means: I desire mercy, and not burnt offerings.  For I have not come to call the righteous, but sinners.'”

Matthew 9:9-13

"This is how we know who are the children of God and who are the children of the Satan: anyone who does not do what is good is not God’s child, nor is anyone who does not love their neighbor."

1 John 3:10

Today is the commemoration of the calling of Matthew, the tax collector.

The stock panic of the mavens of Wall Street continued today, as their startled reaction to the nothing new from Jay Powell and the Fed on Wednesday continues.

Shameless fakes and dissemblers.    They set up strawmen and then knock them down.

The gap in the SP 500 is still open and just below today's close, which went out at the lows.

Gold and silver took a hit but managed to recover a bit.  Silver showed some strength especially given the sharp selloff in stocks. 

I think the wiseguys are looking to mine some of the physical gold out of the ETFs, so we *might* see the price a little lower, ahead of the Comex metals option expiration of next Tuesday the 26th.  Silver is not involved in the expiration.

VIX shot higher.

The fomenting of hysteria for clicks and tricks continues, unabated.   I have stopped reading the usual conflict entrepreneur websites and most network news.   And I feel better for it.


The Dollar chopped sideways and finished higher.

Our visiting relatives were chauffeured by the young man to their cruise ship this morning, as I am still indisposed in my inability to drive.   I included a picture they took from the ship before their departure of the Manhattan skyline from its dock in Bayonne.

More doctor appointments tomorrow. At least they are on top of things. 

Have a pleasant evening.