Stocks and Precious Metals Charts – Repentance and Forgiveness the Wellspring of Joy

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Stocks and Precious Metals Charts – Repentance and Forgiveness the Wellspring of Joy by Jesse – Jesse’s Crossroads Cafe

Into the ancient holy land
Behold, the son of God is come to man.

Hoc est enim corpus meam.

In Innocence fall all heroes and their creeds;
An age is done, an age from here proceeds.

Hic est enim calix sanguinis mei,
Novi et aeterni testamenti.

What consuming pagan fires could not do—
A covenant of love, and Word made flesh, in You.

Qui pro nobis et pro multis effundetor;
In remissionem peccatorum.

Sleep swells His breast, though heavy pressed,
By Golgotha, and Adam’s sin,
And the hopes of he who signs his name herein.

Jesse

What a wonderful condescension and extravagance we have from God.   For although we were made and formed in His image, He has sanctified that image, and thereby redeemed us in His Incarnation.

Stocks drifted today for the most part, particularly in the afternoon when most traders have already left for their holidays.

Gold and silver have rebounded nicely from the recent shenanigans practiced in the markets around the FOMC meeting and Non-Farm payrolls.  Again, I urge you to look at all the instances of this on the gold chart.

President Trump signed the Tax Reform and Jobs Act today, and then left for the holidays at his home in Florida.

Matt Taibbi had some rather pointed observations and disclosures to make about Bob Corker and his penchant for trading stocks as a Senator, presumably on privileged information, with multi-million dollar success. Of course he is not alone in this, as I have pointed out many times in the past.  Hillary’s remarkable success as a novice cattle trader comes to mind.

The corruption that has become widely tolerated throughout the various upper strata of our society is shocking in its boldness, and even moreso is its general acceptability, and too often downright fashionability,  among our elite in business and government, and their courtiers and partisans in the various professions.  And it give a corrosive example and temptation to the public.

That it is widely tolerated and accepted does not make it right.  The breaking of oaths is a serious transgression, and there will be an accounting for it, if not in this world then the next.

And sadly it is the partisanship, and the willing gullibility of simple souls given over to the wiles of a skillful persuasion to anger, and willfulness, and hatred, that permits the unscrupulous to prosper.   I have seen otherwise honorable and sincere people do and say some shocking things in service to power in the past few years.  There should be little doubt that even the ordinary are learning from our cynical and proud elite.  And that is their sin as well.

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Jesse

NEED LITTLE - WANT LESS - LOVE MORE THE BANKS MUST BE RESTRAINED, AND THE FINANCIAL SYSTEM REFORMED, WITH BALANCE RESTORED TO THE ECONOMY, BEFORE THERE CAN BE ANY SUSTAINABLE RECOVERY. WELCOME TO JESSE'S CAFÉ AMÉRICAIN - THESE ARE PERSONAL OBSERVATIONS ABOUT THE ECONOMY AND THE MARKETS. IN PROVIDING INFORMATION, I HOPE THIS ALLOWS YOU TO MAKE YOUR OWN DECISIONS IN AN INFORMED MANNER, EVEN IF IT IS FROM LEARNING BY MY MISTAKES, WHICH ARE MANY. AS A STANDING POLICY I NEVER PROVIDE INDIVIDUAL INVESTMENT ADVICE TO ANYONE. I WILL ONLY OCCASIONALLY DISCLOSE MY PERSONAL POSITIONS FOR PURPOSES OF ILLUSTRATION. UNDERSTAND THAT MY OWN CIRCUMSTANCES COULD DIFFER GREATLY FROM YOUR OWN, AND THEREFORE WHAT IS SUITABLE FOR ME MAY NOT BE SUITABLE FOR YOU. MY COMMENTS ARE INTENDED TO BE REFLECTION ON GENERAL MACRO FINANCIAL AND ECONOMIC EVENTS AND TRENDS.