Stocks and Precious Metals Charts - Repentance, Forgiveness, Thankfulness - Non-Farm Payrolls Tomorrow

 

“People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”

C. Wright Mills

 

"They have become foolish in their reasoning, and their senseless minds are darkened." 

Romans 1:21 

"All sin, indeed, when repented of, He will put away; but pride hardens the heart against repentance, and sensuality debases it to a brutal nature." 

John Henry Newman

"What will you do on the day of reckoning, and in the time of desolation which follows? To whom will you flee for relief?  Where will you safeguard your riches?" 

 Isaiah 10:3

 

"God has a way of standing before the nations with justice, and it seems I can hear God saying to America 'you are too arrogant.  And if you don't change your ways, I will rise up and break the backbone of your power, and I will place it in the hands of a nation that doesn't even know my name.  Be still and know that I'm God.'"

Martin Luther King

 

Wash, rinse, rotate.

Stocks once again failed to extend their snapback rally, and fell lower again today.

The VIX remains in the 30's.

Gold and silver and the Dollar advanced modestly.

There will be a Non-Farm Payrolls report on Friday.

After two failed rally attempts from a decline off a blow off top, the burden of proof is firmly on the bulls.

Until they can turn this around, the primary trend for stocks has a downward bias.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Ashes - This Attractive But Deceitful World

 

"Again, the devil took Him up to a high mountain, and showed Him all the kingdoms of the world and their splendors,  and said, 'All these things I  will give you, if you will only fall down and give homage to me.' "

Matthew 4:8-9

 

"Turn to me now, while there is time.  Give me your hearts.  Come with fasting, weeping, and mourning. Don’t tear your clothing in your grief, but tear open your hearts instead."

Joel 2: 12

 

"Give up yourself, and you will find your real self.  Lose your life and you will save it.  Submit to death, death of your ambitions and favorite wishes every day and the death of your whole body in the end: submit with every fiber of your being, and you will find eternal life.  

Look for yourself, and you will find in the long run only hatred, loneliness, despair, rage, ruin, and decay.  But look for Christ and you will find him, and with him everything else."

C. S. Lewis

 

“I imagine Lent as a great departure from the greedy, anxious anti-neighborliness of our economy, a great departure from our exclusionary politics that fears the other, a great departure from self-indulgent consumerism that devours creation. 

You will find verification that God’s promises are kept among the daily performances of the trusting ones who live out their trust in ways that the world terms foolish:  in the acceptance of those who are unacceptable; in the commitment of time to neighbors when we prefer to have that time for ourselves; in the telling of hard truth about the world, and that in a culture of denial; in the slant toward justice and peacemaking in a world that loves violence and exploitation too much. 

Gathering God, draw us out beyond our cramped circles of care.  Draw us toward the neighbor, the other, the outsider, the hurting one.  May we practice compassion.  Amen.” 

Walter Brueggemann

 

It was risk on today.

Wash, rinse, rotate.

Stocks were buoyed by Jay Powell's testimony to the Congress.

Powell punch for everyone.

Gold, silver, and the Dollar as safe havens were off a bit.

All eyes are on the Ukraine, and the Non-Farm Payrolls report on Friday.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - Risk Off - Haven Assets Rise in Flight to Safety

 

"Corporations have neither bodies to be punished, nor souls to be condemned, they therefore do as they like."

Edward Thurlow, Lord Chancellor of England 

 

“Through pride we are ever deceiving ourselves. But deep down below the surface of the average conscience a still, small voice says to us, something is out of tune." 

Carl Jung 

 

"Reality is that which when you stop believing in it, it doesn't go away." 

Philip K. Dick 

 

 "I'm not crazy about reality, but it's still the only place to get a decent meal."

 Groucho Marx 

 

The markets rediscovered the reality of things today, and took a trip downtown.

Gold, silver, and the Dollar all rallied sharply in a classic flight to safety.

Stocks went out low, but with a little bounce back at the end.

The metals closed out near the highs in what looked like a decent stab at a breakout.

Let's see if they can hold this, and build upon it.

And manage to weather the upcoming Non-Farm payrolls shenanigans.

Tonight will be the State of the Union Address.

I have included some background music below which you might play, or even cast to your TV, while  reading something enjoyable, informative, and relaxing.

Happy birthday to Chopin by the way.

Have a pleasant evening.