Stocks and Precious Metals Charts - Keep the Faith

 

"If you do not stand firm in the faith, you will not stand at all.”

Isaiah 7:9

"One person of integrity can make a difference, a difference of life and death. What all these victims need above all is to know that they are not alone; that we are not forgetting them, that when their voices are stifled we shall lend them ours, that while their freedom depends on ours, the quality of our freedom depends on theirs."

Elie Wiesel

"Woe to those who say that evil is good and good is evil, that dark is light and light is dark, that bitter is sweet and sweet is bitter."

Isaiah 5:20

"We often think of peace as the absence of war; that if the powerful countries would reduce their arsenals, we could have peace. But if we look deeply into the weapons, we see our own minds - our prejudices, fears, and ignorance. Even if we transported all the bombs to the moon, the roots of war and the reasons for bombs would still be here, in our hearts and minds, and we would make new bombs."

Thích Nhất Hạnh

"But Abraham said, ‘If they will not listen to Moses and the prophets, they will not be persuaded, even if someone rises from the dead.’”

Luke 16:31

"Lately, as you may have noticed, the emphasis of what I have been writing here has shifted to reassuring the faithful, and cautioning them against falling away as things get a little crazier, which they are bound to do.  I think the outcome, in general, of all this is 'baked in' now.   The problem is that I just cannot believe it.  It has been like watching a train wreck in slow motion.   

But the truly hysterical part of this cycle is still approaching, and it may get quite a bit worse when it does.   Paranoia is almost a given when the exceptional fail spectacularly.  There may be blood, if history is any indication, and a great deal of propaganda and distorted information spread by the money masters, without doubt.

Those who have gone before us have stood on similar ground, over and over again. And now it is our turn."

Jesse, Keep the Faith, 7 July 2017


And so it is the last trading day of the year, 2023. 

The trading was very quiet with some fairly benign profit and loss taking.

Complacency is the word here.

Mispricing of risk by a powerful few for short term gains is a theme, recurrent and profound.

"This 'broadening out’ in the market has been nothing more than a massive short squeeze in financials, health care and consumer discretionary. The most heavily shorted stocks have popped 40% in just the past two months."

David Rosenberg

A correction is coming.  It will retrace and fill that 'gap' at 4610 in the SP 500 futures chart at the least 

But we'll leave that for next year.

Non-Farm payrolls next Friday.

Thank you for your patronage at Le Cafe this year.

If you serve God you will hear and obey His voice, and not twist his words to serve your worldly desires.

But they do not believe in it.  They think that 'do what you will' is the whole of the law. 

And so they serve and worship coercive and acquisitive power, without fear of accountability.

God is not mocked.   What a man sows, so shall he reap.

The more silent God becomes, the more profound his chastisement will be.

Have a safe and pleasant New Year's Eve.

Stocks and Precious Metals Charts - Deceiving and Being Deceived

 

"Not everyone who calls out to me, 'Lord! Lord!' will enter the Kingdom of Heaven, but only those who actually do the will of my Father in heaven."

Matt 7:21

"This is the message that we heard from him and that we now give to you.  God is light, and there is no darkness in him.  If we say we have fellowship with him but continue to live in darkness, we are lying, and do not live in the truth."

1 John 1:5-6

"Beware the leaven of the Pharisees, which is a pious hypocrisy."

Luke 12:1

They do not see the image of Almighty God before them, and ask themselves what He wishes.  And, for the same reason that they do not please Him, they succeed in pleasing themselves. For that which falls so short of God’s law is just what they can fulfill; or rather they choose it, and keep to it, because they can fulfill it.  They rate their merit very high, and have no fear at all of any future scrutiny into their conduct which may befall them.

In the last days perilous times shall come. For men shall be lovers of their own selves, covetous, boasters, traitors, heady, high-minded having a form of godliness, but denying the power thereof. Evil men and seducers shall wax worse and worse, deceiving and being deceived."

John Henry Newman

"The kings of the world joined in her harlotry, and those who dwell in their lands are intoxicated by the the wine of her immorality.”

Revelation 7:2


Stocks wobbled around.

The spokesmodels had their 'new highs' pom-poms out today.  

Maybe tomorrow or next week.

We have another Non-Farm Payrolls report with all its attendant drama coming up.

Yeah we're turning the page on this month, quarter, and the year.

I thought I would include a longer term US Dollar DX chart for those talking heads who expressed dismay that the Buck was reduced to nearly the 100 handle.

The Street people have the contextual awareness of goldfish.

Gold set a new all time high in London overnight.

Otherwise just more of the same.  

The volume is so light and regulation so lax they can pretty much do what they want.

Among the numerous repugnant offenses of empire this year is the continuing persecution of the journalist, Julian Assange.  

It reads like a bad movie script.  

And the deprivation and murder of innocents in the name of peace and freedom. 

Are you not entertained?

Have a pleasant evening.

Stocks and Precious Metals Charts - This Great Masquerade of Evil

 

“Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: the struggle against the demon, against the servants of the Antichrist.  Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate."

The White Rose, Fourth Leaflet, Munich 1942

"What we would like to do is change the world— make it a little simpler for people to feed, clothe and shelter themselves as God intended them to do. And to a certain extent, by fighting for better conditions, by crying out unceasingly for the rights of the workers, of the poor, of the destitute— the rights of the worthy and the unworthy poor in other words, we can to a certain extent change the world; we can work for the oasis, the little cell of joy and peace in a harried world."

Dorothy Day, The Catholic Worker, June 1946

"Light has come into the world, and people love the darkness rather than light, because their deeds are evil."

John 3:19

"It seems that under the overwhelming impact of rising power, humans are deprived of their inner independence and, more or less consciously, give up establishing an autonomous position toward the emerging circumstances. This great masquerade of evil has played havoc with all our ethical concepts."

Dietrich Bonhoeffer

"Some day an absolutely correct verdict— if you like, a perfect critique— will be passed on what each of us is. We shall not only believe, we shall know, beyond doubt in every fibre of our appalled or delighted being, that as the Judge has said, so we are: neither more nor less nor other. We shall perhaps even realize that in some dim fashion we could have known it all along."

C. S. Lewis, The World's Last Night


Trading in the markets is so light, and the economic news so sparse and distorted, that trading here is just dominated by algorithmic shills.

Unless some exogenous event that has to be acknowledged by the financiers occurs, we might expect the rest of this holiday week to be roughly the same.

Maybe with a little wash and rinse action to keep the punters gambling.

Have a pleasant evening.