Stocks and Precious Metals Charts - Shenanigans

 

“Be kind, for everyone you meet is carrying a heavy burden.” 

Ian MacLaren 

 

“The books which the Holy Spirit is writing are the living, with every soul a volume in which the divine author makes a true revelation of His word, showing it to every heart, unfolding it in every moment.  

There is not a moment in which God does not present Himself under the cover of some pain to be endured, of some consolation to be enjoyed, or of some duty to be performed.  All that takes place within us, around us, or through us, contains and conceals His divine action.  All simple souls must admire and respect one another, saying: 'Let us each proceed along our path to the same goal, united in purpose and by means of God's order which, in its great variety, is in us all.' 

To escape the pain caused by regret for the past or fear about the future, this is the rule to follow: leave the past to the infinite mercy of God, the future to His good Providence, and give the present wholly to His love by being faithful to His grace.” 

Jean-Pierre de Caussade

 

More of the same. 

This will probably continue until the option expiration. 

Cryptocurrencies are tulip bulbs, without the practical beauty. 

At some point the reversion to the mean is coming, and it may be a rough ride. 

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Risky Business

 

It was a long day for me, so just charts tonight. 

There will be a stock option expiration on Friday. 

 Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Stock Option Expiration on Friday

 

“One reason we rush so quickly to the vulgar satisfactions of judgement, and love to revel in our righteous outrage, is that it spares us from the impotent pain of empathy, and the harder, messier work of understanding.  Let me propose that if your beliefs or convictions matter more to you than people—if they require you to act as though you were a worse person than you are—you may have lost perspective.” 

Tim Kreider 

 

“What comes out of a person, that is what makes them unclean.  From within people, from their minds and hearts, come wicked thoughts, immorality, theft, murder, adultery, greed, malice, deceit, licentiousness, envy, blasphemy, pride, and foolishness.  All these evils come from within and they make one unclean.”

Mark 7:20-23

 

“A proud man is always looking down on things and people; and, of course, as long as you are looking down, you cannot see something that is above you.” 

C. S. Lewis 

 

Stocks were initially weak, but managed to finish up in the green to unchanged.

How unusual. 

Gold and silver were under pressure all day, but managed to hold on to support.

The Dollar was unchanged.

There will be a stock option expiration on Friday.

 Have a pleasant evening.

 

Stocks and Precious Metals Charts - A Gathering of Vultures

 

"What is truth? said jesting Pilate, and would not stay for an answer."

Francis Bacon 

 

“Once they’re in power, narcissists consolidate their position by firing everyone who challenges them.  In their place rise a plague of toadies, opportunists, and enablers equally guided by self-interest and short on scruples.   So you end up with these individualistic cultures with no teamwork and low integrity."

Lee Simmons, Stanford Business School 

 

“Now we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.” 

Czeslaw Milosz, The Discreet Charm of Nihilism 

 

"And they said to him, 'Where will this happen, Lord?' And He said to them, 'Where death is, there a gathering of vultures will be.'” 

Luke 17:37 

 

Stocks shook off the early morning inflation/interest rate concerns and managed to close higher.

Gold and silver also recovered quite a bit from their morning lows.

I was expecting a backfill and bounce after the  big  run higher to resistance yesterday, and that is what we got.

Gold still needs to crack higher over 1770, but if it can hold 1730 on the retests then that is fine.

The Dollar held on to the 92 handle.

The VIX dropped further.

There will be a stock market option expiration next week.

Have a pleasant weekend.