“Behold, God’s dwelling is with mankind;
he will dwell with them.
They will be his people,
and he will be their God,
God-with-them.
He will wipe every tear from their eyes,
and there will no longer be death.
Neither will there be any mourning or crying or pain,
for the old order has passed away.”
Revelation 21:3-4
Stocks were off to the races, running up to new highs before backing off a bit in the afternoon.
Gold and silver made an attempt to rally in the morning, but once again the lid was slammed shut, and they finished the day essentially unchanged or with a slight loss.
It's an option expiration on the Comex.
Non-Farm Payrolls next week.
Have a pleasant evening.
1 Corinthians 13
"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 familiarity with all mankind."
Dietrich Bonhoeffer
"This is how we know who are the children of God and who are the children of the Satan: anyone who does not do good is not God’s child, or is anyone who does not love their neighbor."
1 John 3:10
"At that time many will fall away, and betray and hate one another. And many false prophets will appear and lead many astray. Because of the increase of wickedness, the love of many will grow cold, but those who remain firm to the end will be saved. And the gospel of the kingdom will be preached in the whole world as a testimony to all nations, and then the end will come."
Matthew 24:10-14
Stocks were essentially unchanged today in a lackluster trade, soothed back into complacency by the courtiers to the pampered pilferers of Wall Street, the Fed.
The Dollar chopped sideways, just under the 92 handle.
Gold and silver attempted to rally, but were whittled back down in the afternoon trade in NY.
Tomorrow is the July option expiration for precious metals on the Comex.
Next week we will be getting the Non-Farm Payrolls report for June.
It may be a little more significant because of the recent controversy over a recovery and inflation.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
Unless the Word blossoms into an active love in our hearts, we have no true life, and are nothing.
Repentance - forgiveness - thankfulness.
Have a pleasant evening.
Pam and Russ Martens, Market Bubble Set to Explode, June 21, 2021
"For they flatter themselves in their own eyes, so that their own sins cannot be found out and repented. The words from their mouths are full of mischief and deceit; they have ceased to act wisely and to do any good."
Psalm 36:2-3
“Pride thinks its own happiness shines the brighter, by comparing it with the misfortunes of other persons; that by displaying its own wealth they may feel their poverty the more sensibly. This infernal serpent, pervading the human heart, keeps people from reforming their lives, holding them back like a parasite.”
Thomas More, Utopia
The Fed's bubble fluffers were out in force, soothing the markets, whispering sweet nothings, and encouraging the mispricing of risk.
You know, like Japan's policy towards the Tokyo Olympics.
Gold, silver, the Dollar, and the VIX were all lower.
The NDX led by big cap techs rose to yet another new all time high.
Even the SP 500 got in on the act.
The Dow Industrials are only for tourists anymore, and I never look at them.
There will be a precious metals option expiration on the Comex this week on Thursday the 24th.
The implementation of the Basel III recommendations regarding precious metals approach with the end of the month.
A fairly large tranche of the physical gold in the Hong Kong Comex warehouses just took a hike.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
Have a pleasant evening.
