23 May 2024

Stocks and Precious Metals Charts - A Sinful Nation, Weighed Down By Lawlessness


“You felt secure in your wickedness.  You think, ‘No one sees what I do.'   But your so-called wisdom and knowledge have led you astray.  And you believe that, ‘I am the one, no one else matters.’  Disaster will overwhelm you, and you won’t be able to talk it away.  Misfortune will descend upon you, and you won’t be able to buy your way out.  A catastrophe will strike you suddenly, one which you cannot avoid."

Isaiah 47:10-11

"Listen well.  Hear the cries of those whom you have cheated of their justice.  The cries of those who work for you have reached the ears of the Lord of Hosts.  You have spent your years on earth in luxury, satisfying your every desire.  You have only fattened yourselves for the day of slaughter.  You have condemned and killed the innocent, who offered no threat to you."

James 5:4-6

"Woe to you who add house upon house, and join field to field, until you leave no space for others, and you dwell alone in the land. Woe to those who draw their sin along with cords of their deceit, and are tied to their wickedness with cart ropes, to those who say, ‘Let God hurry; let him hasten his prophecy so that we may see it. The plan of the Holy One of Israel – let it approach, let it come into view, so that we may know it.’  Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter."

Isaiah 5:8,18-20

"You who make wicked judgements, who write oppressive laws to deprive the needy of justice, and rob the poor of their rights, that widows may be your victims, and orphans your prey.  What will you do on the day of reckoning, when the consequences of your sins come from afar?  To whom will you run for protection, and where will you hide your possessions?"

Isaiah 10:1-3

"You are a sinful nation, weighed down by lawlessness.   A race of corrupt and wicked children, you have forsaken your Lord, despised the Holy One of Israel, and turned your backs to him."

Isaiah 1:4

Stocks did a rather impressive pop and flop today, with big tech soaring to an impressive new high based on the Nvidia 'earnings triumph for big tech.'

But alas, after the wash comes the rinse.  

The transfer of wealth continues; the spice must flow.

Gold and silver were beaten down again, ahead of the futures option expiration next Tuesday after Memorial Day.

The Dollar rallied.

The VIX rose.

 It's hard to believe, isn't it?  How easily greed makes the masks fall off.

The best lack all conviction, while the worst are filled with passionate intensity.

Have a pleasant evening.