Stocks and Precious Metals Charts - Wash and Rinse in Silver - Global Turmoil

 

"Caesar was swimming in blood, Rome and the whole pagan world was mad. But those who had had enough of transgression and madness, those who were trampled upon, those whose lives were misery and oppression, all the weighed down, all the sad, all the unfortunate, came to hear the wonderful tidings of God, who out of love for men had given Himself to be crucified and redeem their sins.

When they found a God whom they could love, they had found that which the society of the time could not give any one— happiness and love."

Henryk Sienkiewicz, Quo Vadis: The Time of Nero

"Do not abandon yourselves to despair. We are the Easter people and hallelujah is our song."

John Paul II

"He went about doing good and healing all those oppressed by the devil, for God was with him. We are witnesses of all that he did both in the country of the Jews and in Jerusalem. They put him to death by hanging him on a tree.

This man God raised on the third day and granted that he be visible, not to all the people, but to us, the witnesses chosen by God in advance, who ate and drank with him after he rose from the dead. He commissioned us to preach to the people and testify that he is the one appointed by God as judge of the living and the dead.   To him all the prophets bear witness, that everyone who believes in him will receive forgiveness of sins through his name.”

Acts of the Apostles 10:37-43

 

The 'highly anticipated' Fed minutes came out at 2 PM and basically added nothing new to the conversation given the recent speeches by Fed heads Bulland and Mester.

 Stocks were meh, although the NDX showed some strength all things considered.

But not to waste an opportunity, gold and silver were lower as the Dollar edged higher.

And I am shocked, shocked, that silver got smacked down after the seemingly uncorrelated rally.

 As noted in yesterday's commentary.

"Silver was the standout, rallying up for most of the day, contra just about everything.  We have an option expiration for silver on the Comex coming on the 23rd.  Forewarned is forearmed."

Have a pleasant evening.

Stocks and Precious Metals Charts - Sorrows of Empire - Cycles of Greed, Fraud, and Lawlessness

 

“'The woman was arrayed in purple and scarlet, adorned with riches, holding in her hand a golden cup full of idolatry and the impurities of her lawlessness; and on her forehead was written a name of mystery: 'Babylon the great, mother of harlots and of earth’s abominations.'"

Revelation 17:4-6

“Sabbath, in the first instance, is not about worship.  It is about withdrawal from the anxiety system of Pharaoh, the refusal to let one’s life be defined by production and consumption and the endless pursuit of private well-being.

In our own contemporary context of the rat race of anxiety, the celebration of Sabbath is an act of both resistance and alternative.   It is resistance because it is a visible insistence that our lives are not defined by the production and consumption of commodity goods.

The way of mammon (capital, wealth) is the way of commodity that is the way of endless desire, endless productivity, and endless restlessness without any Sabbath."

Walter Brueggemann

"They will be unloving and unforgiving; they will slander others and have no self-control. They will be cruel and hate what is good. They will betray their friends, be reckless, be puffed up with pride, and love pleasure rather than God. They will act religious, but they will refuse the grace that could make them righteous."

2 Timothy 3:3-5

"Then the kings of the earth, their nobles and their commanders, the rich, the powerful, and every one of their willing slaves and free men, hid in the caves and among the rocks of the mountains. And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the righteous anger of the Lamb.'"

Rev 6:15-16

 

Stocks fell the most today for 2023.

Why?  Why not.

Gold was under pressure.  The Dollar rose slightly in a choppy trade.

Silver was the standout, rallying up for most of the day, contra just about everything.

We have an option expiration for silver on the Comex coming on the 23rd. 

Forewarned is forearmed. 

Have a pleasant evening.

RIP Richard Belzer, Comedian, Actor, and Author of Several Books including 'Hit List'

 

"I think we make fun of the things that scare us the most.

The reason I wrote 'Hit List' is the 50 mysterious deaths of witnesses to the JFK assassination. We're talking about CIA agents, FBI agents, reporters, people who had foreknowledge, or people who spoke too much afterward.

There are those in positions of power who malign the pursuit of justice by intentionally associating the word 'conspiracy' with the delirious hallucinations of unbalanced minds. They’re wrong. The real-world definition of conspiracy is simply two or more persons agreeing to commit a crime. In short, they are everywhere, a constant component of daily events throughout our history, and are by no means the restless imaginings of an over-attentive audience.

There is still an active focus on media propaganda in the U.S. by Intelligence agencies to discredit conspiracy theories and solidify the official version of historical events.

A true revolution of values will lay hand on the world order and say of war, 'This way of settling differences is not just.' This business of burning human beings with napalm, of filling our nation’s homes with orphans and widows, of injecting poisonous drugs of hate into the veins of peoples normally humane, of sending men home from dark and bloody battlefields physically handicapped and psychologically deranged, cannot be reconciled with wisdom, justice, and love. A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death.”

Richard Belzer

Reprise: Robert J Groden, The Killing of a President

Why it is 'age restricted' I do not know.

Stocks and Precious Metals Charts - Ubi Sunt, Ubi Caritas - Option Expiration Wash and Rinse

 

"Where are the princes of this world, and those who lorded it over the creatures of the earth?  Those who made sport of the birds of the air, and hoarded up riches in which they trusted, and for whom there is no limit to their greed, those who schemed to get wealth, and were always anxious about their possessions.

But now there is no trace left of them.  They have vanished down into the bowels of the earth, and others have risen to take their place."

Baruch 3:16-19

“Whoever wishes to come after me must deny themselves, take up their cross, and follow me. For whoever wishes to save their life will lose it, but whoever loses their life for my sake and that of the gospel will save it. What does it profit a man to gain the whole world and lose their soul? What could one give in exchange for their soul? Whoever is ashamed of me and of my words in this lawless and sinful generation, the Son of Man will be ashamed of them when he comes in his Father’s glory with his angels."

Mark 8:34-38

"For the preaching of the cross is foolishness to those who are perishing, but to those who are saved it is the power of God.  It is written: 'I will destroy the wisdom of the wise, and will cast away the understanding of the learned.'

Where is the wise man?  Where is the learned of the law?   Where is the philosopher of this world?   Has not God made the wisdom of this world look like foolishness?   When the world through wisdom could not know God, in His wisdom it pleased God to save those who came to believe through the foolishness of our preaching."

1 Corinthians 1:18-21

"¿Qué fue entonces del rico y de su poderío
de la vanaglorïa, de su orgulloso brío?
Todo ya es pasado y corrió como río;
de todo su pensar fincó él mucho frío."

Pedro López de Ayala, Ubi sunt

"The souls of the virtuous are in the hands of God, no torment shall ever touch them.  In the eyes of the unbelieving they appeared to die, their going looked like a tragedy, their leaving us, like a desolation; but they are at peace.  God has put them to the test and proven them worthy to be with him; he has tested them like gold in a furnace, and accepted them as a sacred offering.  They who trust in him will understand the truth, those who are faithful will live with him forever in love; for grace and mercy await his holy ones."

Wisdom 3:1-6, 9

 

Just another options expiration.

So we had stocks plunge and give the public another knuckle biting option expiration, based on what a couple of non-voting Fed heads said yesterday.

This market is all about leverage, of hot money and information.

Gold and silver caught a stiff wash and rinse, which was pretty much par for the course.  I think I mentioned it about every day.  After a deep plunge they ended about unchanged to green on the day.

The Dollar ended up largely unchanged.

The US will be closed on Monday in honor of past presidents.

Ubi sunt.  Ubi caritas.

“Verily verily I say to you, whoever hears my word, and believes in him who sent me, has eternal life and will not be judged, but has crossed over from death into life."

John 5:24

For those who abide in love abide in God, and God in them. 

Have a pleasant weekend.

οἵη περ φύλλων γενεή, τοίη δὲ καὶ ἀνδρῶν.
φύλλα τὰ μέν τ’ ἄνεμος χαμάδις χέει, ἄλλα δέ θ’ ὕλη
τηλεθόωσα φύει, ἔαρος δ’ ἐπιγίγνεται ὥρη·
ὣς ἀνδρῶν γενεὴ ἡ μὲν φύει ἡ δ’ ἀπολήγει.

Iliad 6.146–149