Stocks and Precious Metals Charts - We're Going Wrong

"And then many will fall by the wayside, and hate and betray one another.   False prophets will arise, and lead them astray.   And because of the increase in wickedness, the love of many will grow cold.   But those who stand firm to the end will be saved.  

And the gospel of the kingdom will be preached throughout the whole world, as a testimony to all nations. And then the end will come."

Matthew 24:10-15

Winning...

As you can see from the schedule below, there will be a stock option expiration on this Friday.

The next Comex option expiration is on the 28th, and will be more significant for silver rather than gold for that option month.

A stock option expiration offers an opportunity to play with the prices of the mining stocks, and of gold and silver indirectly thereby.   Whatever is hot and 'overbought' on leveraged options by small speculators will generally get hit in advance of the expiry.

Have a pleasant evening.

15 August - Assumption

"Most fundamentally, let us call all Americans to repentance for our failure to internalize the simple truth that none of us is more human than any other, and none of us is less so. Then, and only then, will we really be worthy of being considered genuine leaders (and people) of faith."

Shai Held


"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all.   Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."

Dietrich Bonhoeffer


"When they had seen him, they spread the word about what had been told about the child, and all who heard it were amazed.   Mary treasured up all these things, and pondered them in her heart."

Luke 2:18-19

Here is the Greek celebration of the feast of the Assumption at a chapel to Mary on the island of Ikaria.

Perfectly human.

My own Mary received the anointing of the sick earlier this evening.

I hope to have some charts for you tomorrow.

May the Mother of God, Θεοτόκος, always hold you, and protect you, and keep you close to her sacred heart.

Have a pleasant evening.

Stocks and Precious Metals Charts - Weekend Edition - These Violent Delights

"These violent delights have violent ends
And in their triumph die, like fire and powder,
Which, as they kiss, consume."

William Shakespeare, Romeo and Juliet

Stocks bounced back a bit on Friday after the big selloff, while the metals continued their upward push into what could be some fairly stiff resistance.

The task for told this week is to take out the psychological 1300 resistance and stick a close above it.

As for silver, the 18 handle looms above.

I have been noticing a bigger than usual divergence between the spot price of gold from Kitco, for example, and the quotes I am receiving live from the Comex.

For example, the Kitco spot price quote right now is 1288, whereas the Comex gold continuous contract and December contract quote is 1294.

Well, it would be more of an issue if I was striking a price for a physical sale.

Stocks need to hang on to the bounce.

With Twitter Man predicting that a trade war with China will commence on Monday, we'll have to see what happens.

Relatives came over from Maryland and Pennsylvania this weekend. I was able to obtain some much appreciated sleep, the time to go to the store and browse a little, and a long, hot shower.   And it was nice to have some company in the evening to talk and watch a movie.

Periods of illness of a loved one can become isolating experiences.  A visit from a friend, or a kind word and a smile or gesture from a stranger, become very welcome when keeping the long vigil of duty and love.

It is funny how little things can become such welcome luxuries.   These are God's tender mercies.

See you tomorrow.