Gold and silver held their ground and much of their gains from this week.
Next week we will see the second revision of 4Q GDP which is likely to be a downward revision. They like to sneak these in after the fact. But let’s see.
There were no deliveries to speak of in The Bucket Shop yesterday. I have included the current inventories in the Comex licensed warehouses below.
This was a difficult week. Often the best way to meet misfortune and adversity is to just keep on keeping on, and to bear in mind all of God’s many tender mercies for us, which are so easily overlooked and forgotten when things do not go our way.
One cannot help but notice the growing ugliness and harsh bravado that seems to be all too fashionable among many who speak out, both on the internet and among the political and media professional class.
And it is especially appalling when one sees it among those who would otherwise think well of themselves, hold themselves up as examples, and claim to walk with righteousness. These are our modern Pharisees, the nice looking, whitewashed containers, but full of decay, corruption, and dead bones.
In their self-delusion they think that rudeness and hardness is a sign of strength, and their proud ornamentation with self-importance, mere customs and ceremonies, a proper adornment to hide their violent, hard, and unloving hearts. Lord, keep all innocents and simple souls safe from such tempters and their snares, even unto the death without end.
Let’s see if the gold chart formation can progress next week and tell more about what the markets have in store for us.
Have a pleasant weekend.
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