Happy New Year - Listen, And I Will Tell You a Mystery

Lord, pierce our hardened hearts, enlighten our minds, heal our blindness, and break the self-made chains of our pride and self-deception, so that we may choose repentance, forgiveness, and life.

Batoni, Return of the Prodigal Son

“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 beholds you. He calls you by your name. He sees you and understands you as He made you. He knows what is in you, all your peculiar feelings and thoughts, your dispositions and likings, your strengths and your weaknesses.

He views you in your day of rejoicing and in your day of sorrow. He sympathizes in your hopes and your temptations. He interests Himself in all your anxieties and remembrances, all the risings and fallings of your spirit.

He encompasses you round and bears you in His arms. He notes your very countenance, whether smiling or in tears. He looks tenderly upon you. He hears your voice, the beating of your heart, and your very breathing.

You do not love yourself better than He loves you. You cannot shrink from pain more than He dislikes your bearing it; and if He puts it on you, it is as you would put it on yourself, if you would be wise, for a greater good afterwards.

God has created me to do Him some definite service; He has committed some work to me which He has not committed to another. I have my mission -- I may never know it in this life but I shall be told it in the next.

I am a link in a chain, a bond of connection between persons. He has not created me for naught.

I shall do good, I shall do His work. I shall be an angel of peace, a preacher of truth in my own place while not intending it if I do but keep His commandments.

Therefore I will trust Him. Whatever I am, I can never be thrown away. If I am in sickness, my sickness may serve Him; in perplexity, my perplexity may serve Him. If I am in sorrow, my sorrow may serve Him.

He does nothing in vain. He knows what He is about.

He may take away my friends. He may throw me among strangers. He may make me feel desolate, make my spirits sink, hide my future from me — still He knows what He is about.

Let us feel what we really are — sinners attempting great things. Let us simply obey God's will, whatever may come. He can turn all things to our eternal good. Easter day is preceded by the forty days of Lent, to show us that they only who sow in tears shall reap in joy.

The more we do, the more shall we trust in Christ; and that surely is no morose doctrine, that leads us to soothe our selfish restlessness, and forget our fears, in the vision of the Incarnate Son of God.

May the Lord support us all the day long, till the shades lengthen, and the evening comes, and the busy world is hushed, and the fever of life is over, and our work is done.

Then in His mercy may He give us safe lodging, and a holy rest, and peace at last.”

John Henry Newman

Caravaggio, The Calling of St. Matthew

Stocks and Precious Metals Charts - Happy New Year - Non-Farm Payrolls on Friday

“The Lord bless you
and keep you;
the Lord make his face shine upon you
and be gracious to you;
the Lord turn his face toward you
and give you peace.”

Numbers 6:24-26

The wiseguys managed to goose the stock indices up a bit into the close, but the overall performance of the markets into the year end is not a bang, but a whimper.

Gold and silver are pushing the breakouts.

There will be a Non-Farm payrolls report on Friday.

The trade tensions and government shutdown/dysfunction will continue to weigh on the markets in the coming year. Not to mention the lagging economic health of the broader public.

"Don't be surprised if we see these 1,000-point swings in the Dow. That is our new reality for a while," Mohamed El-Erian said.

Terrific. 

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a Happy New Year's day.

Stocks and Precious Metals Charts - In the Bleak Midwinter - The Holy Innocents

Merson The Flight Into Egypt

"What can I give Him,
Poor as I am? —
If I were a Shepherd
I would bring a lamb;
If I were a Wise Man
I would do my part, —
Yet what I can I give Him, —
Give my heart."

Christina Georgina Rossetti, A Christmas Carol


"And Joseph rose and took the child and his mother by night and departed to Egypt, and remained there until the death of Herod. This was to fulfill what the Lord had spoken by the prophet, 'Out of Egypt I called my son.'

Then Herod, when he saw that he had been tricked by the wise men, became furious, and he sent word to kill all the male children in Bethlehem and in all that region who were two years old or under, according to the time that he had ascertained from the magi."

Matthew 2:13-16

Pride and a love of self and of power makes families homeless— and in its rage murders innocents, as it was then and is now.

Stocks attempted to extend the government-sponsored 'rebound rally' today but with only mixed success, as they finished largely unchanged after a solid try to move higher.

Please note from the charts that this retracement rally is now at the 38.2% level on the Fibonacci index.

Next Monday will be a full day trading session, but the markets will be closed on Tuesday for New Year's Day.  Monday will be the last trading session of 2018.

Typically the day of New Year's eve is one of light trading, but in this market who can tell.

Gold and silver continued to move higher, planting a solid close as they appear to break out from their intermediate trend higher, from gold's bottom at 1159 in early August.

I have marked some new lines on the charts that may help us to track the price of gold as it climbs 'a wall of worry.' 

At some point the 'gold pool' of price management will collapse due to a dearth of physical gold at the current prices.  And then we may see a significant price adjustment, as has happened in the past after protracted periods of similar 'management' by the Banks.

There will be a Non-Farm Payrolls Report on Friday.

My son and I have been watching Narcos: Mexico on Netflix this week.  It is a very good extension to the series.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained recovery.

Have a pleasant weekend.

RussiaGate In Review with Aaron Mate - Unreasoned Fear is Neoliberalism's Response to the Credibility Gap

At the inception of this entire RussiaGate spectacle I suggested that it was a political distraction to take the attention away from the rejection by the people of neoliberalism which has been embraced by the establishments of both political parties.

And that the result of the investigation would be indictments for perjury in the covering up of illicit business deals and money laundering.  But that 'collusion to sway the election' was without substance, if not a joke.

Everything that has been revealed to date tends to support that.

One thing that Aaron overlooks is the evidence compiled by William Binney and associates that strongly suggests the DNC hack was no hack at all, but a leak by an insider who was appalled by the lies and double dealing at the DNC.

In general, RussiaGate is a farcical distraction from other issues as they say in the video. And this highlights the utterly Machiavellian streak in the corporate Democrats and the Liberal establishment under the Clintons and their ilk who care more about money and power than the basic principles that historically sustained their party. I have lost all respect for them.

But unfortunately this does open the door for those who use this to approve of the Republican establishment, which is 'at least honest' about being substantially corrupt servants to Big Money who care nothing about democracy, the Constitution, or the public.  The best of them are leaving or have already left, and their party is ruined beyond repair.

This all underscores the paucity of the Red v. Blue, monopoly of two parties, 'lesser of two evils' model of political thought which has come to dominate the discussion in the US.

We are heavily propagandized by the owners of the corporate media and influencers of the narrative, and a professional class that has sold its soul for economic advantage and access to money and power.





And here is a bit more from Nate Silver—

Stocks and Precious Metals Charts - The Leaven of the Pharisees

"Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. It arises when both the parties have incomplete information about each other."


“People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”

C. Wright Mills, The Power Elite


“Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole.”

Robert Heller, Federal Reserve Board, 1989


“Only crime and the criminal, it is true, confront us with the perplexity of radical evil; but only the hypocrite is really rotten to the core.”

Hannah Arendt

A massive, 'price insensitive' buying program turned stocks around and closed them in the green.

Very impressive.

Some times when you have nothing nice to say, it is better to say nothing at all.

Our 'self-identified elite' on both sides of the ideological spectrum are most often unprincipled, delusional hypocrites, otherwise known as whited sepulchers.

Aren't they always?

Have a pleasant evening.

Stocks and Precious Metals Charts - Making Stocks Great Again - Big Bounce Off Deeply Oversold

Feeding the beast

"They have record kinds of numbers.  So I think it's a tremendous opportunity to buy.   Really a great opportunity to buy."

D. J. Trump, 25 December 2018

As soon as Trump said the above on Christmas Day, I was fairly certain that my theory of why Treasury Secretary Mnuchin was calling the banks was correct.

The word came back to Trumpolini that the fix was in, and he could not resist making a statement to show what a great stock market trend caller he is.

Mnuchin did not need to know how the Banks were doing with regard to liquidity. And he certainly didn't need to let it slip that he was calling the Banks to the public.   He was getting Wall Street in line, and giving the other wiseguys out there a heads up so they would not get in the way.

And then Trump came out an hung a lantern on it.  It was like erecting three billboards proclaiming the official desire to 'Make Stocks Great Again.'

And so we saw the rescue of the stock markets today, in the first real, concerted attempt by government and business to pump that bubble back up.

And it worked fairly well.  And those who had faith in the bubble were rewarded.

And if you think that they did this for your benefit, you are rather foolish.

so another check has been paid to that great account marked, 'moral hazard.'

I was only a little surprised that they did not put their minds to this sooner in the decline.  Perhaps they needed for the oversold condition to work itself into place, and get a clear path for the ramp higher in the busy holiday schedule.

I did not watch television after the first couple of hours, because we went out and about with the company that is still here.    My son's girlfriend is a real sweetheart from Shanghai via London, and is a wonderful helper in the kitchen.

She has never seen an actual prime rib roast of size before.  And she was very much taken with the electric carving knife.  She kept volunteering to cut the roast for me.  She found the whole thing to be fascinating.  LOL.   Tonight we are going out for a hot pot dinner.  I am really enjoying all this.

I have marked the Fibonacci retracement levels on the charts. I may have to tinker with them a bit. The problem is where to mark the beginning of the decline.

Let's see how long they can keep this pig aloft.

Gold and silver were higher most of the day, with silver hanging on but gold given up its safe haven gain.

Have a pleasant evening.