15 December 2023

Stocks and Precious Metals Charts - He Sets Before Us Life and Death

 

"Behold, today I set before you life and good, and death and evil.  If you obey the command that I give you, to love the Lord, your God, and to walk in his ways, and to observe his commandments, statutes, and decrees, then you will live and multiply, and the Lord, your God, will bless you in the land that you are entering to possess.

But if your hearts turn away so that you will not listen, and you are drawn away to worship other gods and to serve them then, as I pledge to you today, you will perish. You will not live a long time in the land that you are crossing over the Jordan to enter and to possess.

I call upon the heavens and the earth to witness that I have set before you life and death, blessings and curses. Choose life, so that you and your descendants might live."

Deuteronomy 30:15-19

"When the just flourish, the people rejoice;
       but when the wicked rule, the people groan."

Proverbs 29:2

"I am the Lord, your God
       who teaches you what is for your own good
       and who leads you in the way you should go.
If only you had listened to my commandments,
       your prosperity would have been like a river
       and your success like the waves of the sea.
Your descendants would have been as numerous as the sand
      and your offspring like its countless grains.
Their name would never be erased
       or blotted out from my sight."

Isaiah 48:17-19

It was a fairly quiet triple witch option expiration, perhaps so because all the fireworks had already taken place with so many economic events earlier this week and last.

Gold and silver were so steady in the early morning that I wondered if we should request a wellness visit for the Wall Street wiseguys.

But never fear, the Dollar rallied, and gold and silver retreated. 

Stocks also did a bit of reversal, with Big Tech leading a small rally higher, while the broader Russell 2000 slumped a bit.

Wash and rinse, fait accompli.

We'll always have next week.

Our hypocrisy seems to have no bounds.

Trading should be thinning out steadily now as we coast into the year end, and the holiday season.

But one always must keep an eye on exogenous events, too big to paper over.

Have a very pleasant weekend.