Stocks and Precious Metals Charts - Turkey Drop - Non-Farm Payrolls Next Week

 

"Reasoning is no use; facts that contradict personal prejudices can simply be disbelieved — indeed, the fool can counter by criticizing them, and if they are undeniable, they can be just pushed aside as trivial exceptions." 

Dietrich Bonhoeffer 

 

“Believe in truth. To abandon facts is to abandon freedom.  If nothing is true, then no one can criticize power, because there is no basis upon which to do so.  If nothing is true, then all is spectacle.  The biggest wallet pays for the most blinding lights.  Post-truth is pre-fascism."

Timothy Snyder

 

“Religion used to be the opium of the people.  But now we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.” 

Czeslaw Milosz, The Discreet Charm of Nihilism

 

"Foolishness has a knack of getting its way; as we should see if we were not always so much wrapped up in ourselves. In this respect our townsfolk were like everybody else, wrapped up in themselves; they did not believe in plagues." 

Albert Camus 

 

Stocks dropped like a rock overnight as word of a new, virulent variation of the coronavirus came out of South Africa.   It has already spread abroad.

The Dollar dropped back to the 96 handle, expelling a great deal of its recent speculative excess.

The VIX rocketed higher.

Gold rallied hard overnight, but was slowly whittled down in the quiet New York trading to unchanged.

When the time comes gold will move like a flood, sweeping all manipulation aside. 

Silver was lower, as it tends to follow equities a little more closely in times of stress.

There will be a Non-Farm Payrolls report next week.

It is a little surprising how strong the current of delusion is running these days.

People lie to themselves, and believe in the lies of swindlers and swine, almost routinely.  

And to quiet their consciences they try to aggressively block out all things contrary to their delusions.

God and nature do not care that you do not care.  And they will not be silenced.

But when things come to their resolution, beware of falling true believers, caught up in their vain gods of pride, and graven images of fear, hate, and malign indifference.

God's mills grind slowly, but exceedingly fine.  Always.

Have a pleasant weekend.

 

 

Thanksgiving Day - Repentance, Forgiveness, Thankfulness

 

"Show me your ways, O Lord, and teach me your paths.   Lead me in your truth, and teach me: for you are the God of my salvation; and I wait for you all the day.   Remember, O Lord, your tender mercies and loving kindness, as they have ever been of old." 

Psalm 25:4-6 

 

"Rejoice in the Lord always; and again I will say, rejoice; show patience and consideration to all, for the Lord is always near.  Let nothing make you anxious; but with prayer, and by supplication, and with thanksgiving, let your needs be made known unto God; and the peace of the Lord, which surpasses all understanding, will guard your hearts and your minds, in Christ Jesus." 

Philippians 4:4-7 

 

“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.” 

John Henry Newman 

 

"Rejoice in the Lord always; and again I say, rejoice. Let your gentleness and consideration be known to all, for the Lord is always near. Do not be anxious about anything. But with prayer, and by supplication, and with thanksgiving, let your needs be made known unto God. And the peace of the Lord, which surpasses all understanding, will guard your hearts and your minds, in Christ Jesus." 

Philippians 4:4-7 

 

"Remember us, O Lord, in thy loving kindness and tender mercies, as ever they have been from old." 

Psalm 25:6 

 

Remember to feed the least of His creatures, the birds and animals.  And bring comfort and fellowship to the hearts of those you meet, with a kind word and a smile.  Each of us has our own burdens and troubles to carry. 

And it is our duty and joy to lessen the troubles of others, out of gratitude for His love of the unworthy, of us.  I remember all of you in my thoughts and prayers, as always, my brothers and sisters in the Lord. 

And I give thanks for you and your goodness. 

Let us commend ourselves to His merciful forgiveness, and trust our futures to His loving kindness and tender mercy.  Let us permit ourselves to be fashioned to His will, not for His sake, but for ours. 

Be kind to those who are around your table today, even those who may be 'difficult.' 

And pray for His mercy and enlightenment, if that difficult one is you. 

Do not wait for God to show you the consequences of your sinfulness and pride. 

Need little - Want less - Love more. 

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

 

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.