21 November 2023

Stocks and Precious Metals Charts - Stubborn Pride and Willful Blindness

 

"Go and learn the meaning of the words, ‘I desire mercy, not sacrifice.’"

Matthew 9:13

"The great event on Calvary signifies more than a meaningless drama that took place on the stage of history.  It is a telescope through which we look out into the long vista of eternity and see the love of God breaking forth into time.   It is an eternal reminder to a power drunk generation that love is most durable power in the world, and that it is at bottom the heartbeat of the moral cosmos."

Martin Luther King, St. Paul’s Letter to the American Churches, November 4, 1956

"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

"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

"What is surprising is not that we are called to do so much, but rather, so little. And so often we grudgingly fail to do even that, or do something else in the way that we please and call it a sacrifice.

Love and be grateful to God, treat people as you would like to be treated with respect, kindness, mercy and forgiveness. And when we fail through weakness, we are readily forgiven if we are but genuinely repentant for our misdeeds by action or omission.

But all too often we bargain away our souls, one piece at a time, rebelling from even these small and reasonable requests to goodness— and for relatively little in return.  And we may hold on to that poisonous bargain out of stiff-necked, stubborn pride and a willful blindness, refusing to repent and admit our errors, until we fall into the abyss.  Misery loves company, and the sinful insulate themselves from a recognition of the foulness of their hearts by attempting to convert those around them to the same wickedness."

Jesse, Willing Blindness and the Gradual Seduction of Evil, 30 June 2017

Stocks were off a bit today, still digesting their recent rally higher.

Gold and silver rallied.  Gold is flirting with a breakout.

There will be a Comex Precious Metals December contract options expiration on Monday the 27th.

VIX continues to wallow at the recent lows.

NVIDIA beat estimates after the bell, but the stock price was slightly lower based on forward guidance.

This is a relatively quiet holiday shortened trading week in the US.

Have a pleasant evening.