21 December 2020

Stocks and Precious Metals Charts - Where Are You Going Lord?


"Why is God landing in this enemy-occupied world in disguise and starting a sort of secret society to undermine the devil?  Why is He not landing in force, invading it?  Is it that He is not strong enough?  Well, Christians think He is going to land in force; we do not know when.  But we can guess why He is delaying.  He wants to give us the chance of joining His side freely.  I do not suppose you and I would have thought much of a Frenchman who waited till the Allies were marching into Germany and then announced he was on our side.

God will invade.  But I wonder whether people who ask God to interfere openly and directly in our world quite realise what it will be like when He does. When that happens, it is the end of the world. 

When the author walks on to the stage the play is over.  God is going to invade, all right: but what is the good of saying you are on His side then, when you see the whole natural universe melting away like a dream and something else — something it never entered your head to conceive — comes crashing in; something so beautiful to some of us and so terrible to others that none of us will have any choice left?  For this time it will be God without disguise; something so overwhelming that it will strike either irresistible love or irresistible horror into every creature. 

It will be too late then to choose your side. There is no use saying you choose to lie down when it has become impossible to stand up. That will not be the time for choosing: it will be the time when we discover which side we really have chosen, whether we realised it before or not. Now, today, this moment, is our chance to choose the right side. God is holding back to give us that chance. It will not last for ever.  We must take it or leave it." 

C. S. Lewis, 1944

 

"Let us profit by what every day and hour teaches us, as it flies.  What is dark while it is meeting us, reflects the Sun of Righteousness when it is past.  Let us profit by this in future, so far as this, to have faith in what we cannot see.  The world seems to go on as usual.  There is nothing of heaven in the face of society; in the news of the day there is nothing of heaven; in the faces of the many, or of the great, or of the rich, or of the busy, there is nothing of heaven; in the words of the eloquent, or the deeds of the powerful, or the counsels of the wise, or the resolves of the lordly, or the pomps of the wealthy, there is nothing of heaven. 

And yet the Ever-blessed Spirit of God is here; the Presence of the Eternal Son, ten times more glorious, more powerful than when He trod the earth in our flesh, is with us.  Let us ever bear in mind this divine truth,—the more secret God's hand is, the more powerful—the more silent, the more awful.

Wonderful providence indeed which is so silent, yet so efficacious, so constant, so unerring. This is what baffles the power of Satan. He cannot discern the Hand of God in what goes on; and though he would fain meet it and encounter it, in his mad and blasphemous rebellion against heaven, he cannot find it." 

John Henry Newman

 
Pride blinds Satan from seeing the works of the Lord. 

It is the first and greatest sin.   

Those who harden their hearts with pride, and aloof disdain, have invited the parasite of evil to latch onto their souls, and drain themselves of the vitality of true life, which is love.

The range in the equity futures markets was a bit surprising really.

The same with the precious metals.

Unless you have actively speculated in the futures markets, ranges of this magnitude are not so impressive perhaps.

I suspect that there were more 'technical' shenanigans involved in this, despite the attribution of the talking heads to the sudden realization that there is a new strain of the virus in the UK.

The rally in the miners while the metals were slumping was also of interest.

I like to think of this sort of thing as cleaning and sanding the tape, before the year end paint is applied.

It did tend to clear out the small specs I would imagine.

Please remember our friend and fellow blogger Tony Sanders in your prayers.  He is still in hospital, struggling with pneumonia and the coronavirus. 

And of course, we pray for all those who are affected by illness and hardships, often made worse by the pride and willful ignorance of others.

Have a pleasant evening. 



18 December 2020

Stocks and Precious Metals Charts - Shenanigans Abounding

 

“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, by fighting for better conditions, by crying out unceasingly for the rights of the workers, 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. 

We can throw our pebble in the pond and be confident that its ever widening circle will reach around the world.  There is nothing we can do but love, and, dear God, please enlarge our hearts to love each other, to love our neighbor, to love our enemy as our friend.” 

Dorothy Day

 

“Above all, do not lie to yourself.  A man who lies to himself and listens to his own lie comes to a point where he does not discern any truth either in himself or anywhere around him, and thus falls into disrespect towards himself and others.  Not respecting anyone, he ceases to love, and having no love, he gives himself up to passions and coarse pleasures in order to occupy and amuse himself, and in his vices reaches complete beastiality, and it all comes form lying continually to others and himself. 

A man who lies to himself is often the first to take offense. it sometimes feels very good to take offense, doesn't it?  And surely he knows that no one has offended him, and that he himself has invented the offense and told lies just for the beauty of it, that he has exaggerated for the sake of effect, that he has picked up on a word and made a mountain out of a pea--he knows all of that, and still he is the first to take offense, he likes feeling offended, it gives him great pleasure.”

Fyodor Dostoevsky

 

"For what does it profit a man, to gain the whole world, but lose his very soul?" 

Mark 8:36 

 

Today was the quadruple witching options expiration, and the final index option expiration for the year.

There will be a minor Comex metals option expiration on the 28th.

I sat the day out in cash, and spent most of my time on other things. 

Fīat jūstitia ruat cælum.

Have a pleasant weekend. 


17 December 2020

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.

 

16 December 2020

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.