24 November 2017

Stocks and Precious Metals Charts - Precious Metals Option Expiry Next Week - Nocturne

"And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are the gift of God? That they are not to be violated but with his wrath?   Indeed I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever."

Thomas Jefferson, Notes on the State of Virginia

"We all want progress.  But progress means getting nearer to the place where you want to be.  And if you have taken a wrong turning, then to go forward does not get you any nearer.  If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case the man who turns back soonest is the most progressive man.”

C.S. Lewis, Mere Christianity

And this is why the mainstream Democrats are largely unsuccessful, and functionally useless. They only wish to continue, with an excess of verbal misdirection, the abysmally ineffective and often downright damaging fiscal policies that have been taking the Western World in the wrong direction since the 1980s.

There will be a Dec Futures option expiration on the Comex for the precious metals on Monday 27 November. December is a significant month for both metals.

Stocks drifted higher for the half day today on very light volumes.

I have included the economic calendar for next week which is a bit lively.

On a scale of 1 to 10, with 10 being effective representatives and champions of the people, the Congressional Democrats are a 3, maybe, and the House Republicans are venal bottom feeders of the moneyed interests and corporatism.

Have a pleasant weekend.

23 November 2017

Thanksgiving Day 2017

“Do not indulge in dreams of having what you have not, but reckon up the greatest of the blessings you do possess, and then thankfully remember how you would crave for them if they were not yours.”

Marcus Aurelius, Meditations

"We pray for the big things, and forget to give thanks for the ordinary, small, and yet really not so small, blessings.”

Dietrich Bonhoeffer

"Rejoice in the Lord always; and again I will 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

"Our Lord's love shines forth as much in the simplest of souls as it does in the most highly gifted, as long as there is no refusal offered to his grace."

Thérèse Martin de Lisieux

May the peace of the Lord, which surpasses all understanding, be yours always,  especially at this time of thankfulness, the counting of blessings, His tender mercies, and the celebration of life.

22 November 2017

Stocks and Precious Metals Charts - Thankfulness

"At times our own light goes out and is rekindled by a spark from another person.

Each of us has cause to think with deep gratitude of those who have relighted the flame within us."

Albert Schweitzer

"Gratitude is the most exquisite form of courtesy."

Jacques Maritain

The Fed minutes noted that inflation remains persistently subdued.

No surprise there, since top down stimulus to my knowledge has never worked, and is certainly not doing anything now except distorting the economy with asset bubbles and straining the social fabric.

So let's pass a massive tax cut that favors, to a remarkable degree, the already wealthy.

Peak hubris.

Today was a very productive day, despite the cold and wind interspersed with fluffy clouds and sun.  It was almost a type of what life is like, with the good mixed with the not so good.

I have loaves of honey whole wheat bread baking in the oven.  I have not made this in forever, so let's see how it turns out.  It is a special request for my son, who is my joy and my consolation.   Right after Dolly of course.

I picked up a bottle of the nouveau beaujolais and intend to have it tonight. I know it is no longer 'cool' with wine drinkers.   But for many years the queen and I would spend Thanksgiving week in London, and we always would enjoy some of it, lured into the stores by the chalk board signs on the sidewalks.

Wow, the honey wheat bread is really making the whole house smell festive. And I am making the turkey broth to be used with the stuffing and roasting pan tomorrow in my handy Instantpot.

And then there is eggnog chilling for tonight, with a touch of good brandy in it. Yum-o.

To all my US readers and guests, please have a very happy and fruitful Thanksgiving Day.

And for the rest of the world, please do try to carry on without the guidance of our elites.  And for  that, you may be sincerely thankful.

May the peace of the Lord, which surpasses all understanding, be yours always, and especially at these times of thankfulness, the counting of blessings and tender mercies, and the celebration of life.

Have a pleasant evening.

21 November 2017

Stocks and Precious Metals Charts - Confronting the Unspeakable

“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."

John Henry Newman

And indeed, based on the above, we might further wonder if that fallen one, which is the very absence and antithesis of goodness, is also walking the earth among us, and summoning the similarly proud and willful with his intoxicating illusion of power to his embrace as well.   Oh no, this surely could not be.

Stocks rallied today in light trading as I suggested that they might yesterday.

Our elites' hypocrisy knows no bounds.

Bloomberg notes that the House's Tax Reform is 'littered with loopholes for the wealthiest.'

Gold and silver took back a little of the losses from yesterday's resurgent dollar.

Tomorrow is likely to be a slightly buoyant day unless *something happens* overnight, and stocks will most likely strike a level early, and then move sideways for the rest of the day as the adults leave for their holiday.

There will be a light half day of trading on Friday.

I was reading a very interesting article today about Heinrich Himmler's order of 24 Nov 1944, to stop the horrific killing machine he and his minions had constructed at the camps.   Himmler thought that if he stopped his genocide, and offered to ship some of the camp inmates to Switzerland, that the Allies would agree to treat himself and his followers as honorable prisoners of war, rather than as the despicable war criminals that they were.

When it became apparent that he would not be easily excused for his years of foul and unspeakable crimes, he settled the matter by biting down on a capsule of cyanide, thus escaping the hangman's news.

His delusion of an easy amnesty based on a last minute, very cynical and transparent change of heart, seems ridiculous, doesn't it?

As Czesław Miłosz wisely noted about such absurdly convenient misconceptions about life,  many are lulled by 'the huge solace of thinking that for our betrayals, greed, cowardice, and murders that we are not ever going to be judged.'

Have a pleasant evening.