Stocks and Precious Metals Charts - Da Pacem Domine

 

“The great masquerade of evil has played havoc with all our ethical concepts.  For evil to appear disguised as light, compassion, historical necessity or social justice is quite bewildering to anyone brought up on our traditional ethical concepts, while for the Christian who bases his life on the Word, it merely confirms the fundamental wickedness of evil. 

Mere waiting and looking on is not Christian behavior.  Christians are called to compassion and to action.  In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter any attack, even on the least of men, is an attack on Christ himself, who took on the form of man, and in his own Person restored the image of God in all. 

Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." 

Dietrich Bonhoeffer, Letters and Papers from Prison

 

Tomorrow will be the quad witch, the last big index option expiration of the year. 

Gold and silver continued moving higher.

Silver can be quite impressive when it shakes off the pressures of a concerted price suppression.

I hope you did not lose your positions in this latest episode.

The Dollar rolled over and broke the 90 handle.

Stocks continued moving higher on stimulus expectations, shaking off the worse than expected macroeconomic data.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Metals Rally Higher

 

"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. 

God's presence is not discerned at the time when it is upon us, but afterwards, when we look back upon what is gone and over.  The world seems to go on as usual.  There is nothing of heaven in the face of society, in the news of the day.  And yet the ever-blessed Spirit of God is there, ten times more glorious, more powerful than when He trod the earth in our flesh." 

John Henry Newman

 

"It is easy to get drunk with hate.  Hate is not creative, only love is creative. These sufferings will not cause us to crumble but will help us, more and more, to become stronger.  They are necessary—together with the sacrifices of others—so that the ones who come after us may be happy.” 

Maximilian Kolbe

 

"Kolbe looked directly and intently into the eyes of those entering the cell.  Those eyes of his were always strangely penetrating.  The SS men couldn’t stand his glance, and used to yell at him, Schau auf die erde, nicht auf uns!  Kolbe was a psychic trauma, a shock for the SS men who had to bear his look, a look that hungered not for bread, but to liberate them from evil." 

Bruno Borgowiec, fellow prisoner at Auschwitz

 

Gold and silver continued to move higher.

I am starting to consider the next targets should they break out and be confirmed.

Stocks were listless early but rallied strongly after the very dovish stance of the Fed in their afternoon message.

Unlike gold and silver they did not go out on the highs.

The US Dollar DX continued to roll over, looking for support around the 90 level.

We are prepared for a significant nor'easter this evening with high winds and deep snows.

We must also prepare ourselves to not fall into the trap of judging others, and harshly, in order to blind ourselves to the great failings of our own hardened hearts.

This pridefulness and scorn for others is the great falling away of our age. one of the great snares of the high minded ideologues, the leaven of the Pharisees.

Prepare yourself first, and make yourself acceptable, showing mercy and love to your brothers and sisters, and judging them not before you have washed your own self clean.

Then you may receive the three great gifts, of repentance, forgiveness, and thankfulness from God.

And from this will flow all your joy and happiness, peacefulness and contentment, now and forever.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Metals Rebounding

 

Metals rallied sharply higher today. 

There were compressed from being tinkered with ahead of the quad witch option expiration.

The Dollar continued to rollover. 

Stocks ripped higher. 

And a pleasant time is guaranteed for all. 

 Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Quadruple Witch Option Expiration

 

"All I have is a voice
To undo the folded lie,
The romantic lie in the brain
Of the sensual man-in-the-street
And the lie of Authority
Whose buildings grope the sky:
There is no such thing as the State
And no one exists alone;
Hunger allows no choice
To the citizen or the police;
We must love one another or die."

W. H. Auden, September 1, 1939

 

"To know and to serve God, of course, is why we're here, a clear truth, that, like the nose on your face, is near at hand and easily discernible but can make you dizzy if you try to focus on it hard.  But a little faith will see you through. What else will do except faith in such a cynical, corrupt time? 

Gentleness is everywhere in daily life, a sign that faith rules through ordinary things: through cooking and small talk, through storytelling, making love, fishing, tending animals and sweet corn and flowers, through sports, music and books, raising kids — all the places where the gravy soaks in and grace shines through. Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people." 

Garrison Keillor

 

So where was the risk perception today? 

The Dollar moved lower. Gold and silver moved lower. 

The miners were smacked much harder. 

VIX moved higher. 

Stocks in general were weak, except for the tech bubble and story stocks. 

Must be a quadruple witch option expiration ahead of a major holiday-shortened week.

Ho ho, ho.

The northeast and Middle Atlantic are expecting a major nor'easter this week, carrying a potentially very heavy snowfall with it.

Have a pleasant evening.