Stocks and Precious Metals Charts - Silver Surprise Surge - Stock Option Expiration on Friday

 

"A man is going on as usual; he comes home one day, and finds a letter, or a message, or a person, whereby a sudden trial comes on him, which, if met religiously, will be the means of advancing him to a higher state. 

Perhaps it may be the loss of some dear friend or relative through which the call comes to us; which shows us the vanity of things below, and prompts us to make God our sole stay.  We through grace do so in a way we never did before; and in the course of years, when we look back on our life, we find that that sad event has brought us into a new state of faith and judgment. 

We thought, before it took place, that we were serving God, and so we were in a measure; but we find that, whatever our present infirmities may be, and however far we be still from the highest state of illumination, then at least we were serving the world under the show and the belief of serving God. 

Or again, perhaps something occurs to force us to take a part for God or against Him. The world requires of us some sacrifice which we see we ought not to grant to it.  Some tempting offer is made us; or some reproach or discredit threatened us; or we have to determine and avow what is truth and what is error. We are enabled to act as God would have us act; and we do so in much fear and perplexity." 

John Henry Newman

 

It was clearly a risk off day in the markets, with the Dollar rallying, the VIX climbing, and stocks slumping, going out near their lows for the day.

The bellwether techs failed to make a higher high, and are threatening a lower low and perhaps a break to the downside.

Gold was trading weakly.

But silver popped up like a champ, taking out $23.50 and holding it.

Who would have thought that?

Let's see what the rest of the week brings.

And from the calendar at the end, we can see that it will be bringing a stock option expiration on Friday.

Have a pleasant evening.

 

Martin Luther King - Principalities and Powers

"And some of us who have already begun to break the silence of the night have found that the calling to speak is often a vocation of agony, but we must speak.  We must speak with all the humility that is appropriate to our limited vision, but we must speak."

Martin Luther King, A Time to Break the Silence,  Riverside Church, 4 April 1967


"Take a stand for that which is right, and the world may misunderstand you and criticize you, but you never go alone, for somewhere I read that 'One with God is a majority,' and God has a way of transforming a minority into a majority. Walk with him this morning and believe in him and do what is right and he'll be with you even until the consummation of the ages.

And the world will look at you and they won't understand you, for your fiery furnace will be around you, but you'll go on anyhow.

But if not, I will not bow, and God grant that we will never bow, before the gods of evil."

Martin Luther King, Ebenezer Baptist Church, 5 November 1967



"We've got some difficult days ahead. But it really doesn't matter with me now, because I've been to the mountaintop. And I don't mind. Like anybody, I would like to live a long life — longevity has its place.

But I'm not concerned about that now. I just want to do God's will. And He's allowed me to go up to the mountain. And I've looked over, and I've seen the Promised Land. I may not get there with you. But I want you to know tonight, that we, as a people, will get to the promised land.

So I'm happy, tonight. I'm not worried about anything, I'm not fearing any man. Mine eyes have seen the glory of the coming of the Lord."

Martin Luther King, 3 April 1968

The next day Dr. Martin Luther King, Jr. was murdered in Memphis, Tennessee, 4 April 1968, exactly one year to the day after his sermon, A Time To Break the Silence.

This was not a coincidence, these assassinations, these murders.

Is there love of God and His creatures in your actions and in your hearts?

 

Or are you carried forward with hate, fear, delusions, pride and anger, blindly following someone or something that is objectively unworthy and ungodly?

 

In the end you are serving the darkness in yourselves.

Know well whom it is that you serve.  

 

And the touchstone to know this is love.

 

"Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: the struggle against the demon, against the servants of the Antichrist.   Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate." 

 

The White Rose, Fourth Leaflet, Munich 1942 

Stocks and Precious Metals Charts - The Great Desolation and Falling Away

 

"What will you do on the day of reckoning, and in the time of desolation which follows?  To whom will you flee for relief?  Where will you safeguard your riches?" 

 Isaiah 10:3

 

"We have learned nothing, and are emboldened by our willful ignorance.   We make beasts of ourselves, to avoid the pain of our lack of humanity.   We make a private cult out of our own childlike selfishness, sinning shamelessly against the word and the spirit.   We lay down with swine, and call it greatness."

Jesse, 8 October 2021 

"But if not, I will not bow, and God grant that we will never bow, before the gods of evil." 

 Martin Luther King, But If Not, Ebenezer Baptist Church, 5 November 1967 

 

"For it is impossible to bring to repentance those who have once been enlightened, and have tasted the heavenly gift, and have shared in the Holy Spirit,  and have tasted the goodness of the word of God and the powers of the age to come,  and then have fallen away, since on their own they are crucifying again the Son of God and are holding him up to contempt."

Hebrews 6:4-6

 

"Satan, who is the lord of this world, has blinded the minds of the fallen. They are unable to see the glorious light of the good news."

2 Corinthians 4:4

 

 "O Jerusalem, Jerusalem, you who murder your prophets, and persecute those whom God has sent as messengers to you.   As you have willed, your house is now yours— but is made desolate."

Matthew 23:37

 

US Markets will be closed on Monday in observance of Martin Luther King.

Have a pleasant weekend.

 

Stocks and Precious Metals Charts - Jay Powell's International Silver String Submarine Band

 

"Easy money, sudden fortunes, increasingly powerful political machines and blatant corruption transformed much of the nation; and the Senate, as befits a democratic legislative body, accurately represented the nation.  Corporation lawyers and political bosses, not constitutional orators, were the spokesmen for this roaring era."

John F. Kennedy, Profiles in Courage

 

"The abuse of buying and selling votes crept in and money began to play an important part in determining elections.  Later on, this process of corruption spread to the law courts.  And then to the army, and finally the Republic was subjected to the rule of emperors."

Plutarch, The Roman Republic

 

"The desire to gain wealth and the fear to lose it are our chief breeders of cowardice and propagators of corruption." 

William James, Varieties of Religious Experience

 

“Government has coddled, accepted, and ignored white collar crime for too long.  It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most.  They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.” 

Harry Markopolos

 

Stocks slumped again today after yesterday's save.

Gold and silver declined, but managed to take back some of the losses. 

The Dollar chopped sideways.

The VIX climbed higher.

Weakness permeates the markets' underpinnings.

Slowly, gradually, and then all at once.

Have a pleasant evening.