24 November 2021

Stocks and Precious Metals Charts - Weighed, and Found Wanting

 

“You may keep your gifts, or give your presents to someone else; but the writing I will read for you, O king, and tell you what it means.  You have rebelled against the Lord of heaven. By Him were the wrist and hand sent, and the writing set down.

This is the writing that was inscribed:  MENE, God has numbered your kingdom and put an end to it;  TEKEL, you have been weighed on the scales and found wanting;  PERES, your kingdom has been divided and given to foreign nations.” 

Daniel 5:17-28

 

"They have become foolish in their reasoning, and their senseless minds are darkened."

Romans 1:21 

 

"God has a way of standing before the nations with justice, and it seems I can hear God saying to America 'you are too arrogant.   And if you don't change your ways, I will rise up and break the backbone of your power, and I will place it in the hands of a nation that doesn't even know my name.  Be still and know that I'm God.'"

Martin Luther King

 

“Behold, your house is now yours, but is made desolate." 

Matthew 23:39 

 

Stocks were under pressure all day, but managed to stage another miraculous comeback in the very quiet afternoon trading to finish in the green. 

Gold and silver were similarly under some pressure most of the day, but finished back to about unchanged.

The VIX drifted a bit lower, below its moving averages.

The Dollar rallied again today finished in the high end of the 96 handle.

US markets will be closed tomorrow in observance of the national Thanksgiving holiday.

They will reopen on Friday for a short session.   Most of the adults will be on vacation.

 

Have a pleasant evening.

 

Thanksgiving Menus from Days Gone By

 

"May we all unite in rendering unto God our sincere and humble thanks—

     • For His kind care and protection of the people of this country,

     • For the great degree of tranquility, union, and plenty which we have enjoyed, 

     • For the peaceable and rational manner in which we have been enabled to establish constitutions of government for our safety and happiness,

     • For the civil and religious liberty with which we are blessed, and the means we have of acquiring and diffusing useful knowledge, and in general for all the great and various favors which He hath been pleased to confer upon us. 

And may we also unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech Him— 

     • To pardon our national and other transgressions, 

     • To enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually, 

     • To render our national government a blessing to all the people, by constantly being a government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed, 

     • To protect and guide all nations and to bless them with good government, peace, and concord, 

     • To promote the knowledge and practice of true religion and virtue, and the increase of science, 

And generally to grant unto all mankind such a degree of temporal prosperity as He alone knows to be best."

 

George Washington, Thanksgiving Proclamation, 3 October 1789


And for the three greatest gifts given freely out of love:  repentance, forgiveness, and thankfulness.

Enjoy. 






Plaza Hotel NYC 1899



Gettysburg Hotel, Gettysburg, Pennsylvania 1909


23 November 2021

Stocks and Precious Metals Charts - Comex Option Expiration

 

“We carry on like slaves.  Jesus help me!  There isn’t time to breathe, and I am up to my eyebrows in this business of feeding those who have nothing.  And they are many—those with nothing.  As a rule my purse is as dry as [Mexican President] Calles’s soul, but it isn’t worth worrying since the Procurator of Heaven is generous.

We ought to speak, shout out against injustices, with confidence and without fear.  We proclaim the principles of the Church, the reign of love, without forgetting that it is also a reign of justice.

Viva Cristo Rey!"

 Miguel Agustin Pro, Martyr, November 23, 1927

 

“What we would like to do is change the world—make it a little simpler for people to feed, clothe, and shelter themselves as God intended them to do.   And, by fighting for better conditions, by crying out unceasingly for the rights of the workers, the poor, of the destitute—the rights of the worthy and the unworthy poor, in other words—we can, to a certain extent, change the world.  

We can work for the oasis, the little cell of joy and peace in a harried world.  We can throw our pebble in the pond and be confident that its ever widening circle will reach around the world. 

There is nothing we can do but love, and, dear God, please enlarge our hearts to love each other, to love our neighbor, and to love our enemy as our friend.” 

Dorothy Day 

 

"The government soldiers cut him with a machete until he was bleeding from several wounds. They made him watch the execution of some of his friends.  He cried and moaned with pain as they cut off the bottom of his feet, and made him walk through the town. 

At times they stopped him and said, 'If you shout, "Death to Christ the King" we will spare your life'.  

The young Josélito would only say,  'I will never give in.  Viva Cristo Rey y Santa Maria de Guadalupe.'”  

José Sánchez del Río, Martyr, February 10,1928

 

Traders got a thrill ride today, as stocks plummeted led lower by the big cap techs.

It turns out that this discussion of higher interest rates is not bubble-friendly.

But never fear, stocks were well off their lows into the close.

Gold and silver were also hit again, in honor of the key December contracts option expiration.

They did hit support and bounce back a bit into the close..   

There might be another gut punch waiting for those whose calls were in the money, and are not the proud holders of actual futures contracts.

The Dollar chopped sideways.

More economic data coming tomorrow.

Today we remember the martyrs of La Cristiada, or the Cristero rebellion against the aggressive imposition of state sponsored atheism in Mexico.

How easily we forget.  How often we magnify our own inconveniences all out of proportion, and ignore the terrible suffering of others, of our neighbors, of the least of these.

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 to accept your gifts of repentance, forgiveness, thankfulness, and life. 

"Today, if you hear His voice, harden not your hearts."   Hebrews 3:15 

Viva Cristo Rey.

Have a pleasant evening.