Stocks and Precious Metals Charts - Little Lessons - Repentance, Forgiveness, Thankfulness

 

"'Use your sickle and reap the harvest, for the time to reap has come, because the earth’s harvest is fully ripe.'  So the one who was sitting on the cloud swung his sickle over the earth, and the earth was harvested."

Revelation 14:15-16

“Pride gets no pleasure out of having something, only out of having more of it than the next man.  It is the comparison that makes you proud: the pleasure of being above the rest."

C. S. Lewis

"By your stubbornness and hardened heart, you are storing up wrath for yourself for the day of revelation of the just judgment of God, who will repay everyone according to his works."

Romans 2:4-8

"Only the humble believe in him and rejoice that God is so free and so marvelous that he does wonders where people despair.  And that is the wonder of all wonders, that God loves the lowly.  God loves the lost, the neglected, the unseemly, the excluded, the weak and broken."

Dietrich Bonhoeffer

"The humble live in continuous peace, while in the hearts of the proud are envy and frequent anger."

Thomas à Kempis

"Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Plunder, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

Tacitus

Stocks managed to bounce in light trading.

The Dollar fell.

The VIX fell.

Silver rallied while gold finished unchanged.

Looks like a mildly risk on days.

A large amount of economic data tomorrow.

I expect the markets will find a level after Europe goes home and then hold it in very light pre-holiday trade.

Have a pleasant evening.

Stocks and Precious Metals Charts - Faust: My Soul Damned for the World

 

"Violence begets violence; hate begets hate; and toughness begets a greater toughness.  It is all a descending spiral, and the end is destruction — for everybody.  Along the way of life, someone must have enough sense and morality to cut off the chain of hate.

The ultimate weakness of violence is that it is a descending spiral, begetting the very thing it seeks to destroy.  Darkness cannot drive out darkness; only light can do that.  Hate cannot drive out hate; only love can do that.”

Martin Luther King

"The gates of Hell are terrible to behold, are they not?  The lofty mind of man can be imprisoned by the artifices of its own making.  If there are damned souls in Hell, it is because men blind themselves."

E.A. Bucchianeri, Faust: My Soul Be Damned for the World

"Some who accuse others of inciting riots have by their own conduct invited them.  Some look for scapegoats, others look for conspiracies, but this much is clear; violence breeds violence, repression brings retaliation, and only a cleaning of our whole society can remove this sickness from our soul."

Robert F. Kennedy, 5 April 1968

"If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control.  As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body."

The White Rose, Second Leaflet, Munich 1942

‘Not everyone who says to me, 'Lord, Lord', will enter the kingdom of heaven, but only one who does the will of my Father in heaven.  On that day many will say to me, 'Lord, Lord, did we not prophesy in your name, and cast out demons in your name, and accomplish great things in your name?'  Then I will declare to them, ''I do not know you.  Depart from me, you who practice lawlessness.'”

Matthew 7:21-23

A mixed day in a holiday shortened week.

The VIX declined and the Dollar rose, but stocks traded weakly and ended lower.

Gold and silver were under pressure.

 There will be a deluge of economic data on Wednesday.

After the bell the crypto firm Genesis has warned of bankruptcy.

 Death, wealth, and power are the idols and dark masters of this world.

You cannot choose life by embracing lawlessness and death. 

You cannot deceive and oppress the innocent and naive, and be a child of God.

You cannot spread lies and hate, for any reason, and then be among those who are standing firm with the Lord.   

You cannot act on your 'righteous anger' because you have none, you are not righteous, loving only your own passions and self.

Serve whom you will, but know whom it is that you serve.

Do not be deceived, for God is not mocked.   As you sow, so shall you reap. 

'I do not know you.  Depart from me, you who practice lawlessness.'

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Are You Not Entertained? - The Rulers of the Darkness of this World

 

"It was around July 2020, when we were all locked down and not knowing what was going on with our lives, our personal economies, our health, and our families, when I realized that the Federal Reserve had doubled the size – or even more so — of its book of assets.  It had created about $5 trillion worth of money in a very short period of time.

During that time, the markets went from being very afraid and down to being very, very high.  A lot of people said, well, we’re all at home using Zoom, so therefore the market just rebounded by so much.  But that was just a small part of it.  The bigger part was that money became available at such an immense level and therefore the distortion between where money goes in the financial markets and where it doesn’t go in the real economy became permanent.  At that moment I saw that this can happen in any amount, at any time.  There’s no restriction, no transparency, no responsibility."

Nomi Prins interviewed by Lynn Parramore, You’re Living in a World Wrought by the Fed, 17 November 2022

"Show me your ways, O Lord, and teach me your paths.  Lead me in your truth, and teach me, for you are the God of my salvation, and I wait for you all the day.  Remember, O Lord, your tender mercies and loving kindness, as they have ever been of old."

Psalm 25:4-6

“Once central banks unleashed monetary policy to accommodate mega-banks, subsidize Wall Street financiers, and bolster global markets, the very idea of free and open markets and laissez-faire investing died.  No one wanted to call the Fed’s QE a Ponzi scheme.  But it was.

Whether it was done to soothe a stock market crash, a ruptured subprime housing market bubble, or a pandemic, the Fed’s response to the financial crisis of 2008 and later crises has confirmed that it will always seek a way to grease the wheels of capitalism for its wealthiest participants and private banks.  The results speak for themselves.  According to a 2022 Oxfam International report:

‘The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion—at a rate of $15,000 per second or $1.3 billion a day—during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty.’”

Nomi Prins, Permanent Distortion

"Let everyone see your gentleness. The Lord is always near.  Do not be anxious about anything.   Instead, in every situation, through prayer and petition with thanksgiving, tell your requests to God.  And the peace of God that surpasses all understanding will guard your hearts and minds."

Phil 4:4-9

It was a fairly quiet stock options expiration today.

The SP 500 edged a bit higher with the tech heavy NDX trading lower.

Next Tuesday the 22nd there will a fairly substantial December Futures contracts option expiration on the Comex for gold and silver.

Cloudy with a chance of shenanigans.

The Dollar moved slightly higher in a sideways chop.

The VIX fell.

Next week will be a holiday shortened week in the US in observation of Thanksgiving.

The Great Lakes region will be enjoying what may shape up to be some epic snowfall this weekend.

I have included a brief video at the end of this post describing the 'Great White Hurricane' November storm that ravaged the Great Lakes.

I am glad that I no longer live in the Lake Erie snowbelt which is where I am originally from.   Thirty years was enough. LOL

As a bonus I have included another short video about the Blizzard of '49 that swept across the northern Great Plains.

Have a pleasant weekend.