Stocks and Precious Metals Charts - Turn Out the Lights, the Party's Over - Options Expiration on Friday

“You felt secure in your wickedness.
     ‘No one sees what I do,’ you said.
But your ‘wisdom’ and ‘knowledge’ have led you astray,
     and you think, ‘I am the only one, and no one else matters.’

Disaster will overtake you,
     and you won’t be able to charm it away.
Misfortune will descend upon you,
     and you won’t be able to buy your way out.
A catastrophe will strike you suddenly,
     one for which you cannot prepare."

Isaiah 47:10-11

Stocks finished slightly higher today, after hitting new highs early but then giving most of them up after Trump's speech at noon.

Gold finished slightly higher along with the Dollar. Siver was of a bit.

There will be a stock market option expiration on Friday.

This rally is in its third leg short term, and is looking very tired.

Let's see if it ralies higher or sells off after Jay Powell's testimony tomorrow at 11 AM.

The Monday Night Football game between the 49ers and the Seahawks was one of the best I have seen in some time.

A large storm front came through here this afternoon, dropping temperatures about 40 degrees.  We are expecting a hard freeze tonight.  The areas on the Great Lakes will be enjoying some serious lake effect snow.

Have a pleasant evening.

Stocks and Precious Metals Charts - After a Storm There Will Be a Calm

44th Anniversary of the Wreck of the Edmund Fitzgerald

"And do not bring sorrow to the Holy Spirit of God, by whom you were marked for the day of redemption. Let all bitterness, and wrath, and anger, and harsh words, and slander be removed from you along with all malice.

Instead, be kind to one another, compassionate, and forgiving of one another as God in Christ Jesus forgives you."

Ephesians 4:30-32


"If you forgive other people their failings, your Heavenly Father will likewise forgive you. But if you do not forgive others, your Father in Heaven Father will not forgive you.”

Matthew 6:14-15

Gold was hit in another attempt to shake more futures contracts loose. The Banks want to cover and cash in on their short positions. Silver was sightly higher, and the Dollar was slightly lower.

Stocks were lower most of the day, but managed to take back some of their losses in the late afternoon hours in very quiet trading.

Have a pleasant evening.

About These Most Recent Price 'Corrections' in the Gold Market

Here is some perspective.

First is a chart below of the three recent major price declines, bear attacks driven by concerted contract dumping by a bullion banks holding heavy short positions.   We know this by the volume of contracts being suddenly put forward on the 'sell side.'

And second is a comparison of the two major gold corrections from this year.

As you may recall the Spring 2019 gold correction resolved into a very brisk rally to the upside, as the shorts were squeezed by determined buying by large speculators.

Let's see how this latest price decline resolves.

And let us remember that eliminating and hobbling regulators does not result in freer markets and fairer price discovery, anymore than eliminating law enforcement would result in a safer and more orderly freeways, human nature being what it is, and what it is not.  Except in the propaganda put forward by the hirelings and mouthpieces of would be market manipuators and bankster serial felons.