29 December 2023

Stocks and Precious Metals Charts - Keep the Faith

 

"If you do not stand firm in the faith, you will not stand at all.”

Isaiah 7:9

"One person of integrity can make a difference, a difference of life and death. What all these victims need above all is to know that they are not alone; that we are not forgetting them, that when their voices are stifled we shall lend them ours, that while their freedom depends on ours, the quality of our freedom depends on theirs."

Elie Wiesel

"Woe to those who say that evil is good and good is evil, that dark is light and light is dark, that bitter is sweet and sweet is bitter."

Isaiah 5:20

"We often think of peace as the absence of war; that if the powerful countries would reduce their arsenals, we could have peace. But if we look deeply into the weapons, we see our own minds - our prejudices, fears, and ignorance. Even if we transported all the bombs to the moon, the roots of war and the reasons for bombs would still be here, in our hearts and minds, and we would make new bombs."

Thích Nhất Hạnh

"But Abraham said, ‘If they will not listen to Moses and the prophets, they will not be persuaded, even if someone rises from the dead.’”

Luke 16:31

"Lately, as you may have noticed, the emphasis of what I have been writing here has shifted to reassuring the faithful, and cautioning them against falling away as things get a little crazier, which they are bound to do.  I think the outcome, in general, of all this is 'baked in' now.   The problem is that I just cannot believe it.  It has been like watching a train wreck in slow motion.   

But the truly hysterical part of this cycle is still approaching, and it may get quite a bit worse when it does.   Paranoia is almost a given when the exceptional fail spectacularly.  There may be blood, if history is any indication, and a great deal of propaganda and distorted information spread by the money masters, without doubt.

Those who have gone before us have stood on similar ground, over and over again. And now it is our turn."

Jesse, Keep the Faith, 7 July 2017


And so it is the last trading day of the year, 2023. 

The trading was very quiet with some fairly benign profit and loss taking.

Complacency is the word here.

Mispricing of risk by a powerful few for short term gains is a theme, recurrent and profound.

"This 'broadening out’ in the market has been nothing more than a massive short squeeze in financials, health care and consumer discretionary. The most heavily shorted stocks have popped 40% in just the past two months."

David Rosenberg

A correction is coming.  It will retrace and fill that 'gap' at 4610 in the SP 500 futures chart at the least 

But we'll leave that for next year.

Non-Farm payrolls next Friday.

Thank you for your patronage at Le Cafe this year.

If you serve God you will hear and obey His voice, and not twist his words to serve your worldly desires.

But they do not believe in it.  They think that 'do what you will' is the whole of the law. 

And so they serve and worship coercive and acquisitive power, without fear of accountability.

God is not mocked.   What a man sows, so shall he reap.

The more silent God becomes, the more profound his chastisement will be.

Have a safe and pleasant New Year's Eve.