Stocks And Precious Metals Charts - Repentance, Forgiveness, Thankfulness
"No human counsel hath devised, nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who while dealing with us in anger for our sins, hath nevertheless remembered mercy.
It has seemed to me fit and proper that they should be solemnly, reverently, and gratefully acknowledged as with one heart and one voice by the whole American people. I do, therefore, invite my fellow-citizens in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November next as a Day of Thanksgiving and Praise to our beneficent Father who dwelleth in the heavens.
And I recommend to them that, while offering up the ascriptions justly due to Him for such singular deliverances and blessings, they do also, with humble penitence for our national perverseness and disobedience, commend to His tender care all those who have become widows, orphans, mourners, or sufferers in the lamentable civil strife in which we are unavoidably engaged, and fervently implore the interposition of the Almighty hand to heal the wounds of the nation, and to restore it, as soon as may be consistent with the Divine purposes, to the full enjoyment of peace, harmony, tranquility, and union."
Abraham Lincoln, Proclamation of Thanksgiving, 3 October 1863
Gold and silver got the expected slam down to gut-check the holders of new futures positions from yesterday's Comex options expiration.
Stocks were unchanged most of the day but managed to drift higher into a very quiet trading close.
We are nearing what may prove to be a rather notable if not notorious intermediate high point for equities.
The Fed is bailing out the banks, again and aggressively so. They care little for the general public.
Have a pleasant evening.
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None.