Stocks and Precious Metals Charts - Such a Parcel of Rogues in a Nation

 

"From the least to the greatest, they are greedy for unjust gains;
      and from prophet to priest they all deal falsely.
They have treated the suffering of my people carelessly,
      saying, ‘all is well’ when there is no safety.
They act shamefully, they commit terrible offenses;
      and yet they are not ashamed,
      and do not even know how to blush.
Therefore they shall fall among those who are fallen."

Jeremiah 6:13-15

"A baited banker thus desponds,
   From his own hand foresees his fall,
They have his soul, who have his bonds;
   'Tis like the writing on the wall...

"When other hands the scales shall hold,
   And they, in men's and angels' sight
Produced with all their bills and gold,
   "Weigh'd in the balance and found light!"

Jonathan Swift, The Run on the Bankers

"O, would or I had seen the day
That treason thus could sell us,
My auld grey head had lien in clay
Wi' Bruce and loyal Wallace!
But pith and power, till my last hour,
I'll make this declaration:
We're bought and sold for English gold—
Such a parcel of rogues in a nation!"

Robert Burns, A Parcel of Rogues In a Nation, 1791

"Easy is the descent to hell; all night long, all day, the doors of dark Hades stand open; but to retrace the path; to come out again to the sweet air of Heaven - there is the task, there is the burden."

Virgil, The Aeneid


Qui est le trompeur trompé?

Stocks took a fairly substantial dive this morning, after being pumped up overnight.

But never fear, they found some footing and manage to drift back up to unchanged in the late afternoon.

Gold extended its rally a little higher.

Silver fell in sympathy with stocks, but unfortunately did not recover as they had done.

Nvidia reports after the bell, and the Street waits with bated breath.

VIX rose with the decline in stocks, but only fell back again part way.

The Dollar rallied.   Flight to safety.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Feeling Secure in Their Wickedness

 

"And the gospel of the kingdom of God will be preached to all nations, and then the end will come. Therefore, when you see the abomination of desolation standing in His holy land, spoken of the prophet Daniel, then those who are in Judea must flee to the mountains."

Matthew 24:14-16

"You are a sinful nation, weighed down by lawlessness.  A race of corrupt and wicked children, you have forsaken your Lord, despised the Holy One of Israel, and turned your backs to him."

Isaiah 1:4

“I know your works; I know that you are neither cold nor hot.  But because you are lukewarm, neither hot nor cold, I will spit you out of my mouth.  For you say, ‘I am rich and affluent and have no need of anything,’ and yet do not realize that you are wretched, pitiable, poor, blind, and naked."

Revelation 3:15-17

“You feel secure in your wickedness. You think, ‘No one sees what I do.' But your so-called wisdom and knowledge have led you astray. And you believe that, ‘I am the one, no one else matters.’ Disaster will overwhelm you, and you won’t be able to talk it away. Misfortune will descend upon you, and you won’t be able to buy your way out. A catastrophe will strike you suddenly, one which you cannot avoid."

Isaiah 47:10-11

Stocks were weak most of the day, but managed to gain some footing and gain some ground into the close, after the rest of the world went home to bed.

Gold and silver continued to rally.   The selling into the option expiration was 'technical' and overdone.

These jokers have no shame.

Speaking of shameless, Blinken, Sullivan, Biden and crew have the strategic sense of the schoolyard, and less finesse.  They are embarrassing, and bookended by Trump, that's saying something. 

But what has been tolerated, and in many cases excused and enabled, in the Mideast is something that will not be easily forgotten, or forgiven.  And it ought not be.   

The madness serves none but itself, and especially not those who seek to channel it for their own lawless ends, and are brought down by it into the abyss.

I think we will see gold and silver have some room to move between now and the option expiration on the Comex on the 25^th.

Have a pleasant evening.

Stocks and Precious Metals Charts - Without Love, Nothing

 

“The one who holds the seven stars in his right hand and walks in the midst of the seven gold lampstands says this: 'I know your works, your labor, and your endurance, and that you cannot tolerate the wicked; you have tested those who call themselves Apostles but are not, and discovered that they are impostors. Moreover, you have endurance and have suffered for my name, and you have not grown weary.

Yet I hold this against you: you have lost the love you had at first. Realize how far you have fallen. Repent, and do the works you did at first. Otherwise, I will come to you and remove your lampstand from its place, unless you repent.'”

Revelation 2:1-5

"Worldly pride is easier for us to perceive. We see it clearly in the self-proclaimed elite of our time. But less obvious perhaps is the spiritual form of pride, that reduces us into an insidiously distorted order of things. Spiritual pride blinds us to our own faults. But even worse, it leads us to magnify and fix ourselves upon the faults of others.

Spiritual pride leads to a lingering spiritual death. It turns the living being into a living tomb, all bright and polished on the outside, proudly ornamented with scrupulous attention to detail, and ostentatious adherence to the letter of the law— but inside full of corruption, and festering foulness. This is all too common among those whose love is directed to the rituals and the forms of religion, but wanting nothing to do with the human realities of it, the acts of mercy to others which are the second great commandment. It is a sickening romance with the self, unto death."

Jesse, Being Human, 20 August 2017

"If I speak with the words of men and of angels, but do not have love, I am a resounding gong or a clashing cymbal.  And if I have the gift of prophecy and comprehend all mysteries and all knowledge; if I have the faith to move mountains but do not have love, I am nothing.   If I give away everything that I have, and if I hand myself over for sacrifice but do not have love, I gain nothing."

1 Corinthians 13:1-3

"The blessed John the Evangelist lived in Ephesus until extreme old age.  His disciples could barely carry him to church and he could not muster the voice to speak many words.   During individual gatherings he usually said nothing but, 'Little children, love one another.'

The disciples and brothers in attendance, annoyed because they always heard the same words, finally said, 'Teacher, why do you always say this?'   He replied with a line worthy of John: 'Because it is the Lord's commandment, and if it alone is kept, it is sufficient.'"

Jerome, Commentary on Galatians, 4th century


Stocks managed a small gain today.

Gold and silver bounced back strongly from their recent shellacking in observance of the stock option expiration.

What a surprise.

VIX and the Dollar fell.

There will be a December futures options expiration on the Comex next Monday the 25^th.

Thanksgiving is around the corner, and then a month later, Christmas.

It's always something.

Have a pleasant evening.