Market Liquidation

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Published : May 11th, 2022
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Category : GoldWire
“Not everyone who calls ‘Lord, Lord,’ will enter the kingdom of heaven, but only those who do the will of my Father.  Many will say to me on that day, ‘Lord, Lord, did we not prophesy in your name?  Did we not drive out demons in your name?  Did we not do mighty deeds in your name?’  Then I will declare solemnly, ‘I never knew you.  Depart from me, you lawless ones."

Matthew 7:21-23 

"Shepherd me, O God,
Beyond my wants,
Beyond my fears,
From death into life."

Marty Haugen, Shepherd Me O God

"And he said, ‘These are they who have come out of the great tribulation; they have washed their robes and made them white in the blood of the Lamb.

Never again will they hunger;
   never again will they thirst.
The sun will not beat down on them,
   nor any scorching heat.
For the Lamb at the center of the throne
   will be their shepherd;
  he will lead them to springs of living water.
And God will wipe away every tear from their eyes.”’

Revelation 7:13-17

Pretty much everything was sold today, as market participants were hitting the exits in a surprisingly orderly manner.

Even the Dollar, which has been a bulwark, was largely unchanged on the day.

Stocks were just battered, setting new 'second lows' in the process.

The SP 500 closed a fairly old but significant gap on the chart as indicated.

Gold and silver were beaten with ugly sticks.

Let's see if we need to have a selling climax to calm these markets down, or some unexpected news.

The instability of the markets, the weak foundation of their valuations, are now apparent to all, as we had suggested.

If you are on higher ground you might breathe a sigh of relief and give thanks.

Have a pleasant evening.

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