Stocks and Precious Metals Charts - Markets Chopping with Uncertainty While Big Cap Tech Soars

 

"The glory of God is the human person, fully alive;  and the humanity of a person is in the beholding of the glory of God."

Irenaeus of Lyons

 

"Let us remember the poor, and not forget kindness to strangers; above all, let us love God with all our soul, and might, and strength, and our neighbor as ourselves. For no part of Creation is left void of Him: He has filled all things everywhere." 

Athanasius of Alexandria

 

"Through our relationship with the Incarnation we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our familiarity with all mankind." 

Dietrich Bonhoeffer 

 

"Isn't it a riddle and awe-inspiring that things can be so beautiful, despite the horror? I've seen something wondrous peering through my joy in the beautiful, a sense of its creator. Only people can be truly ugly, because they have free will to separate themselves from this song of praise. It often seems they will drown out this hymn with cannon thunder, curses, and blasphemy. But I have realized they will not succeed. And so I want to throw myself on the side of the victor.” 

Sophie Scholl

 

The markets were skittish on concerns about the Covid variant sweeping the UK, and the usual suspects in the economic outlook.\

But in the afternoon Facebook won dismissal of two antitrust lawsuits, and that rang the bell for the tech giants.

Gold and silver closed sideways along with the dollar, despite an early attempt to knock them down.

The markets are looking forward to the Non-Farm Payrolls report on Friday with bated breath.

It was sweltering hot and humid here today, great for the garden, but not so much for the gardeners.

Have a pleasant evening.

 

 

Stocks and Precious Metals Charts - We Hope You Will Enjoy the Show - Non-Farm Payrolls Next Week

"Then the rich man said, ‘Please, Father Abraham, at least send Lazarus to my father’s home. For I have five brothers, and I want him to warn them so they don’t end up in this place of torment.’

But Abraham said, ‘Moses and the prophets have warned them. Your brothers can read what they wrote.’ 

The rich man replied, ‘No, Father Abraham! But if someone is sent to them from the dead, then they will repent of their sins and turn to God.’ 

But Abraham said, ‘If they won’t listen to Moses and the prophets, they will not be persuaded, even if someone rises from the dead.’” 

Luke 16:27-31 

 

Stocks traded like it was a Friday in summer, with a lazy, lackluster action, weighed down a bit by the big cap techs. 

Gold and silver were capped, again. 

The Dollar chopped sideways under the 92 handle. 

Next week will be the end of the second quarter.

The outlook will be cloudy with a chance of more shenanigans, and paint on the tape.

Complicating matters a bit will be a closely watched Non-Farm Payrolls report for June, on the start to the 4th of July holiday weekend.

Let's see what happens.

Have a pleasant weekend.

 

Stocks and Precious Metals Charts - How I Learned to Stop Worrying and Love the Bubble

 

Stocks were off to the races, running up to new highs before backing off a bit in the afternoon.

Gold and silver made an attempt to rally in the morning, but once again the lid was slammed shut, and they finished the day essentially unchanged or with a slight loss.

It's an option expiration on the Comex.

Non-Farm Payrolls next week.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Needful Things - Comex Option Expiration Tomorrow

 

"If I speak in the tongues of angels and of men, but I do not have love, I am a noisy gong or a clanging cymbal.  And if I can prophesy, and know all mysteries and all knowledge, and if I have all faith so that I can move mountains, but do not have love, I am nothing."

1 Corinthians 13 

 

"Through our relationship with the Incarnation we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our familiarity with all mankind." 

Dietrich Bonhoeffer 

 

"This is how we know who are the children of God and who are the children of the Satan: anyone who does not do good is not God’s child, or is anyone who does not love their neighbor." 

1 John 3:10 

 

"At that time many will fall away, and betray and hate one another.   And many false prophets will appear and lead many astray.  Because of the increase of wickedness, the love of many will grow cold, but those who remain firm to the end will be saved.  And the gospel of the kingdom will be preached in the whole world as a testimony to all nations, and then the end will come." 

Matthew 24:10-14

Stocks were essentially unchanged today in a lackluster trade, soothed back into complacency by the courtiers to the pampered pilferers of Wall Street, the Fed.

The Dollar chopped sideways, just under the 92 handle.

Gold and silver attempted to rally, but were whittled back down in the afternoon trade in NY.

Tomorrow is the July option expiration for precious metals on the Comex.

Next week we will be getting the Non-Farm Payrolls report for June.  

It may be a little more significant because of the recent controversy over a recovery and inflation.

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

Unless the Word blossoms into an active love in our hearts, we have no true life, and are nothing. 

Repentance - forgiveness - thankfulness.

Have a pleasant evening.