The Phaserl


Stocks and Precious Metals Charts – Into the Weekend

from Jesse’s Café Américain:

“Seek the Lord, all you humble of the land,
who have observed his law;
Seek justice, seek humility;
And perhaps you will be sheltered
on the day of the Lord’s justice.

This was the triumphal city, high and mighty,
Saying to herself, ‘I am the one, and none dare stand beside me.’
How desolate now has she become, a place fit only for wild beasts.
Those who pass by her scoff, and shake their heads at her ruin.”

Zephaniah 2:3,15

We have to be somewhere soon, so here are the charts at 3:30 PM.

The GDP number came in light for 4Q 2016.

Stocks were chopping with the broader indices showing weakness, and big tech still one of the mainstays.

They are lining up some IPOs on the if/come, so I don’t think stocks will dump off these highs just yet. But if something ‘happens,’ then all bets are off.

The metals are holding their own, but need to move up and above this overhead resistance which is proving to be about as stubborn as expected.

Have a pleasant weekend.

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1 comment to Stocks and Precious Metals Charts – Into the Weekend

  • Craig Rogers

    Here is a Bible translation that gives these scripture real power.

    Zeph 2:2 Before the decree takes effect,
    Before the day passes by like chaff,
    Before the burning anger of Jehovah comes upon you,+
    Before the day of Jehovah’s anger comes upon you,
    3 Seek Jehovah,+ all you meek ones* of the earth,
    Who observe his righteous decrees.*
    Seek righteousness, seek meekness.*
    Probably* you will be concealed on the day of Jehovah’s anger.+


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