Stocks and Precious Metals Charts - What the Struggle Is All About - Gold Closes at All Time High

 

"When power is not attentive to justice it cannot endure. The market ideology is now the new form of imperial power and many of us, without any critical reflection, have signed onto that and organized our lives in that way."

Walter Brueggemann, Truth Speaks to Power, 2013

“We are slow to master the great truth that even now Christ is, as it were, walking among us, and by His hand, or eye, or voice, bidding us to follow Him. We do not understand that His call is a thing that takes place now. We think it took place in the Apostles' days, but we do not believe in it; we do not look for it in our own case."

John Henry Newman

“God travels wonderful ways with human beings, but he does not comply with the views and opinions of people.  God does not go the way that people want to prescribe for him; rather, his way is beyond all comprehension, free and self-determined beyond all proof.

Where reason is indignant, where our nature rebels, where our piety anxiously keeps us away: that is precisely where God loves to be.  There he confounds the reason of the reasonable; there he aggravates our nature, our piety—that is where he wants to be, and no one can keep him from it.

God loves the lowly.  God is not ashamed of the lowliness of human beings.  God marches right in.  He chooses people as his instruments and performs his wonders where one would least expect them.  God is near to lowliness; he loves the lost, the neglected, the unseemly, the excluded, the weak and broken.

He comes in the form of the beggar, of the dissolute human child in ragged clothes, asking for help. He confronts you in every person that you meet. As long as there are people, Christ will walk the earth as your neighbor, as the one through whom God calls you, speaks to you, makes demands on you.”

Dietrich Bonhoeffer, God Is in the Manger

“Prepare for great battles.  Know that you are now on a great stage where all heaven and earth are watching you.  Fight like a knight, so that He can reward you.  Do not be unduly fearful, because you are not alone.”

Maria Faustina Kowalska, Divine Mercy in My Soul

"The most important problem in the world today is your soul, for that is what the struggle is about."

Fulton J. Sheen

 

Today was very much a 'risk off' day as the equity markets looked down and succumbed to vertigo.

Apple was once again leading the way lower, as reality began to intrude on the 'Magnificent 7' fever dreams.

But not to worry, stocks put in a solid bounce off the lows into the close.

Gold was in rally mode once gain.  Silver not so much.

Another big tranche of physical gold left the Hong Kong warehouses yesterday.

Intraday gold futures matched its prior spike high from last December, but posted a close at a new all time high.

As you may recall it fell afterwards into the NFP report, finding a bottom after the Option expiration and the Fed as shown on the gold chart below.

Let's see what happens.

The Dollar was flat.

VIX rose.

Victoria 'The Red Queen' Nuland is retiring from the Biden Administration to pursue other pillaging opportunities, having limited out at State.

Non-Farm Payrolls and Jay Powell's yammering to the Congress lies dead ahead.

Have a pleasant evening.

Stocks and Precious Metals Charts - Christian Anger and the Unthinkable

 

"Few things are more destructive to Christians than anger.  Anger causes us to lose our self-control and to say and do things we would otherwise never consider.  Anger, if allowed to remain, turns into bitterness that eats away at our hearts. Scripture consistently commands believers to put away anger and lists it as one of the sins of the flesh. 

We must be careful not to justify our anger with Scripture. That does not mean that we cease to have strong convictions or lose our desire for justice. It does mean we refuse to allow the sins of others to cause us to sin.  Anger does not bring about God’s redemptive work; far more often it hinders what God is working to accomplish.

If you feel that you have a righteous anger because of something that has happened, see if you are holding anger in your heart without sin.  Is your anger turning into bitterness?  Is your anger causing you to speak in an unchristian manner to someone or to gossip about them?  Is your anger causing you to make excuses for your own ungodly behavior?  Is your anger preventing you from acting in a loving, redemptive, and Christlike way toward someone?  You must examine any anger within you and allow God to remove any sinful attitudes that your anger may have produced."

Henry Blackaby, Christian Anger

"'There were also many people with leprosy in Israel in the time of the prophet Elisha, but not one of these was cleansed except for Naaman the Syrian.'  When they heard these words, all the people in the synagogue were roused to fury.  They leapt up, drove him out of the town, and led him to the top of the hill upon which their town was built, intending to hurl him off the cliff.  However, he passed through the midst of the crowd and went on his way."

Luke 4:27-30

"Surely I would never betray the Lord!  Each disciple earnestly pled his loyalty to Christ.  As they reclined together in the comfort and security of the upper room, in the presence of their Lord, the disciples could not imagine themselves ever wavering in their loyalty to Christ.  Yet Jesus looked at them and said, 'One of you who eats with Me will betray Me.' 

How was it possible to share such an intimate and profound moment with the Savior and then rush so quickly toward betrayal and spiritual failure?  During the intense pressures of Gethsemane and the cross, the disciples did things they never thought they would do. They had no idea how cruel and hateful the world around them would be to their Lord. But only Jesus knew the full extent of the temptation they would face. In the pressure of the moment the heart does surprising things.

How quickly the surroundings of your life can shift from the security and tranquility of an upper room to the harsh reality of Gethsemane and the cross.  Guard your heart.  Listen now to the Lord’s gentle warning: the failure that was possible with His first disciples is also possible with you.  You, too, are capable of forsaking Jesus, just as the first disciples did.  If Jesus is warning you of an area in your life in which you could fail Him, heed His words today!

Henry Blackaby, The Unthinkable

Hate, fear, and anger are not Christian values.   

But they are how the world tries to control and distract you, and turn you from the way.

Gold and silver broke out today and stuck a solid close.

The Dollar was only nominally lower.

Stocks were struggling most of the day and turned in a mixed performance.

VIX continues to languish near recent lows.

The big tickle this week is the Fed, with Powell's testimony to the Congress.

But the big one will be the Non-Farm Payrolls report on Friday.

It's all about the bubble, and so its all about the Fed.

Grab something solid and hang on.  Rough seas ahead.

Have a pleasant evening.

Weekend Reading: He Calls You By Name

 

This is a season of penance and sorrow, as we sow in tears, that ends in the rich harvest of coming home, with abundant life as we reap in joy.  

All we must do is put aside our fear, and our foolish pride, accepting His loving kindness and tender mercy, and come home.   For He loves us, more than any other, more faithfully than we love ourselves.

Tax collectors and notorious sinners were all gathering round to hear Jesus. But the Pharisees and the experts in the law muttered, ‘This man welcomes sinners, and even eats with them.' And so he told them this story—

‘There was a man who had two sons. The younger one said to his father, “Father, give me my share of the estate.” So he divided his property between them.

‘Not long after that, the younger son got together all he had, set off for a distant country and there squandered his wealth in wild living. After he had spent everything, there was a severe famine in that whole country, and he began to be in need. So he went and hired himself out to a citizen of that country, who sent him to his fields to feed pigs. He longed to fill his stomach with the pods that the pigs were eating, but no one gave him anything.

‘When he came to his senses, he said, “How many of my father’s hired servants have food to spare, and here I am starving to death!  I will set out and go back to my father and say to him: Father, I have sinned against heaven and against you. I am no longer worthy to be called your son; make me like one of your hired servants.”  So he got up and went to his father.


‘But while he was still a long way off, his father saw him and was filled with compassion for him; he ran to his son, threw his arms round him and kissed him.

‘The son said to him, “Father, I have sinned against heaven and against you.  I am no longer worthy to be called your son.”

‘But the father said to his servants, “Quick! Bring the best robe and put it on him. Put a ring on his finger and sandals on his feet. Bring the fattened calf and kill it. Let’s have a feast and celebrate.  For this son of mine was dead and is alive again; he was lost and is found.” So they began to celebrate.

‘Meanwhile, the elder son was in the field. When he came near the house, he heard music and dancing. So he called one of the servants and asked him what was going on. “Your brother has come,” he replied, “and your father has killed the fattened calf because he has him back safe and sound.”

‘The elder brother became angry and refused to go in. So his father went out and pleaded with him. But he answered his father, “Look! All these years I’ve been slaving for you and never disobeyed your orders. Yet you never gave me even a young goat so I could celebrate with my friends. But when this son of yours who has squandered your property with prostitutes comes home, you kill the fattened calf for him!”

‘“My son,” the father said, “you are always with me, and everything I have is yours.  But we had to celebrate and be glad, because this brother of yours was dead and is alive again; he was lost and now he is found.”’

“Addiction might be the best word to explain the lostness that so deeply permeates society.  Our addiction make us cling to what the world proclaims as the keys to self-fulfillment: accumulation of wealth and power; attainment of status and admiration; lavish consumption of food and drink, and sexual gratification without distinguishing between lust and love.  These addictions create expectations that cannot but fail to satisfy our deepest needs. 

As long as we live within the world's delusions, our addictions condemn us to futile quests leaving us to face an endless series of disillusionments while our sense of self remains unfulfilled.  In these days of increasing addictions, we have wandered far away from our Father's home.  The addicted life can aptly be designated a life lived in 'a distant country.'  It is from there that our cry for deliverance rises up.”

Henri J.M. Nouwen, The Return of the Prodigal Son

"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

"Almighty God lets the sinner go his own way, for He has given to man free-will, and does not want a forced obedience, but an obedience springing from love.  In his forgetfulness of God, the sinner squanders his fortune, the natural and supernatural gifts which he has received, using his natural gifts, his health, his physical powers, and his reason, to offend God.  

The sinner, having forsaken the service of his God, falls under the dominance of Satan, and becomes the slave of his lowest passions, which are signified by the swine which the prodigal was forced to feed.  But the more he obeys his passions, the more dissatisfied he becomes.  No pleasure of the senses can give him happiness, and he feels an emptiness and spiritual hunger in his heart which he is powerless to satisfy.  He knows no rest; he only knows that he is miserable, and hateful to himself."

Friedrich Justus Knecht, On the Prodigal Son

"The sun rises with its scorching rays and withers the grass, flowers droop, and their beauty fades away. So too the rich will be brought low in the midst of their affairs. Blessed are they who stand fast when tempted, for after being tested and tried they will receive the crown of life that the Lord has promised to those who love him."

James 1:11-12

"The Lord requires you to act justly, and to love kindness and mercy, and to walk humbly with your God."

Micah 6:8

He calls you by name.   Turn away from the phantom of empty desires, and come home.