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Comex Option Expiration

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Published : November 24th, 2021
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Category : GoldWire
“We carry on like slaves.  Jesus help me!  There isn’t time to breathe, and I am up to my eyebrows in this business of feeding those who have nothing.  And they are many—those with nothing.  As a rule my purse is as dry as [Mexican President] Calles’s soul, but it isn’t worth worrying since the Procurator of Heaven is generous.

We ought to speak, shout out against injustices, with confidence and without fear.  We proclaim the principles of the Church, the reign of love, without forgetting that it is also a reign of justice.

Viva Cristo Rey!"

 Miguel Agustin Pro, Martyr, November 23, 1927

“What we would like to do is change the world—make it a little simpler for people to feed, clothe, and shelter themselves as God intended them to do.   And, by fighting for better conditions, by crying out unceasingly for the rights of the workers, the poor, of the destitute—the rights of the worthy and the unworthy poor, in other words—we can, to a certain extent, change the world.  

We can work for the oasis, the little cell of joy and peace in a harried world.  We can throw our pebble in the pond and be confident that its ever widening circle will reach around the world. 

There is nothing we can do but love, and, dear God, please enlarge our hearts to love each other, to love our neighbor, and to love our enemy as our friend.” 

Dorothy Day 

"The government soldiers cut him with a machete until he was bleeding from several wounds. They made him watch the execution of some of his friends.  He cried and moaned with pain as they cut off the bottom of his feet, and made him walk through the town. 

At times they stopped him and said, 'If you shout, "Death to Christ the King" we will spare your life'.  

The young Josélito would only say,  'I will never give in.  Viva Cristo Rey y Santa Maria de Guadalupe.'”  

José Sánchez del Río, Martyr, February 10,1928

Traders got a thrill ride today, as stocks plummeted led lower by the big cap techs.

It turns out that this discussion of higher interest rates is not bubble-friendly.

But never fear, stocks were well off their lows into the close.

Gold and silver were also hit again, in honor of the key December contracts option expiration.

They did hit support and bounce back a bit into the close..   

There might be another gut punch waiting for those whose calls were in the money, and are not the proud holders of actual futures contracts.

The Dollar chopped sideways.

More economic data coming tomorrow.

Today we remember the martyrs of La Cristiada, or the Cristero rebellion against the imposition of state sponsored atheism in Mexico.

How easily we forget.  How often we magnify our own inconveniences all out of proportion, and ignore the terrible suffering of others, of our neighbors, of the least of these.

Lord, pierce our hardened hearts, enlighten our minds, heal our blindness, and break the self-made chains of our pride and self-deception, so that we may choose to accept your gifts of repentance, forgiveness, thankfulness, and life. 

"Today, if you hear His voice, harden not your hearts."   Hebrews 3:15 

Viva Cristo Rey.

Have a pleasant evening. 

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