Stocks and Precious Metals Charts - The Adults Have Laft the Building

 

"It is an ironic habit of human beings to run faster when they have lost their way." - 

Rollo May

 

"And with many other words he testified, and pleaded with the crowd, saying, `Save yourselves from this twisted generation.'" 

Acts 2:40

 

"It is a day on which the junior people, semi-professional greeters, and B class spokesmodels who are stuck working on a long holiday week play on the big empty floor, growing emptier by the day as volume migrates to the Matrix, and the dark pools of the vampire squids." 

Jesse, NYSE:Well of Emptiness, 27 November 2009

Except for a bear raid on the precious metals this morning it was a suitably boring day.

If they want to encourage trading they should start giving green stamps.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Pause That Regresses

 

"God is light, and there is no darkness in him.  So if we say we have a loving relationship with him, but continue to walk in darkness, we are not living the truth.  But if we are living in the light, as God is light, then we will have a loving relationship with each other, and the blood of His son Jesus cleanses us from all sin.

If we claim we have no sin, we deceive ourselves and the truth is not in us.  But if we repent of our sins, he is faithful as well as just, and will forgive us our sins, and cleanse us from our lawlessness.  But if we claim we are without sin, we make God a liar, and his word has no life in us." 

1 John 1:5-10

 

"These people speak with malice about those things which they do not understand.   Like instinctive animals, they follow where their passions lead them, and so bring about their own destruction." 

Jude 1:10-13 

 

“It's impossible that there could be the plague, because everyone knows that it has vanished from the West.  We should not act as though half the town were threatened with death, because then it would be.

Yes, everyone knew that, except the dead."

Albert Camus, The Plague

 

Stocks paused today on their fabulous journey to new bubble heights. 

Gold and silver were off a bit. 

The Dollar chopped sideways but finished marginally higher. 

The VIX is going back to sleep. 

And so we shamble into a new year. 

Have a pleasant evening. 

 

 

 

Stocks and Precious Metals Charts - Here Comes Santa Claus - Paint the Tape

 

"Sorrowful will be those who draw out evil with cords of deceit,
And with ropes pull a legacy of sinfulness behind them.
Who say, 'Let the Lord make haste, and bring His judgement that we may see it.
Let the end times come, that we may know them.'

Sorrows will fill those who call evil good, and good, evil,
Who promote darkness as light, and call light as darkness,
And the bitter as sweet, and the sweet, bitter.
Woe to you who are so wise in your own eyes,
And clever in your own sight."

Isaiah 5:18-21

 

"Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable.  This is what too few are willing to see." 

Thomas Merton 

"And because of the increase in wickedness, the love of most will grow cold. But those who stand firm to the end, will be saved." 

 Matthew 24:12

 

 Stocks were steadily drifting higher on light volumes.

Barring some exogenous event, this is how they like to paint the tape for the end of year.

If the specs start leaning too hard on the melt up we might see a wash and rinse, after we see the big houses close their books.   

Or before.   It's always something.

The Dollar chopped sideways on the 96 handle.

Gold and silver were higher.

VIX of course dropped.

Underneath the markets, a simmering volcano.

Have a pleasant evening.

 

 

Christmas Eve

 

"The people who walked in darkness have seen a great light; those who dwelt in a land of deep darkness, on them a light has shined." 

Is 9:1 

 

"And, lo, the angel of the Lord came upon them, and the glory of the Lord shone round about them: and they were stricken with fear. And the angel said to them, 'Fear not: for behold, I bring you good tidings of great joy, which shall be for all people. For this day in the city of David there is born to you a Saviour, which is Christ the Lord. 

And this shall be a sign; you shall find the babe wrapped in swaddling clothes, and lying in a manger.' And suddenly there was with the angel a multitude of the heavenly host praising God, and saying, 'Glory to God in the highest, and on earth peace toward men of good will." 

 Lk 2:9-14 

 

“You are fettered,” said Scrooge, trembling. “Tell me why?” 

“I wear the chain I forged in life,” replied the Ghost. “I made it link by link, and yard by yard; I girded it on of my own free will, and of my own free will I wore it. Is its pattern strange to you?” Scrooge trembled more and more. “Or would you know,” pursued the Ghost, “the weight and length of the strong coil you bear yourself? It was full as heavy and as long as this, seven Christmas Eves ago. You have laboured on it, since. It is a ponderous chain!..." 

“But you were always a good man of business, Jacob,' faltered Scrooge, who now began to apply this to himself. 

Business!' cried the Ghost, wringing its hands again. "Mankind was my business; charity, mercy, forbearance, and benevolence, were, all, my business. The deals of my trade were but a drop of water in the comprehensive ocean of my business!” 

Charles Dickens,  A Christmas Carol

 

“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

 

"The light shines in the darkness, and the darkness has not overcome it."

John 1:5 

 

"Do not fear, for I have redeemed you,
I have called you by name;  you are mine."

Isaiah 43:1 

"They will be moved, to the sound of beautiful music, at Jesus’s sufferings, but His Cross, the reality of His Cross, will horrify them.  They want it all out of gold, bathed in light, costly and of little weight; pleasant to see, hanging from a woman’s beautiful throat. 

In the end, the only real tragedy is not to be a saint." 

Léon Bloy

 

 ... à vous tous, et spécialement à tous mes amis de la Cène de l'Agneau, et du sang de l'alliance nouvelle et éternelle, qui a été répandu pour vous et pour la multitude— joyeux et béni noël.