Special Bulletin: October 21, 2024 (11am Update)

High-Yo, Silver! Away!

More of our team has been traveling again lately. Admittedly, working from “the road” is remarkably easy nowadays thanks to all sorts of different technologies. (We thank the Lord for the inspiration/inventions and for the skills/dedication He has given to millions of folks in this area.) But it still feels good to be back at our own desks.

I remember watching the Lone Ranger when I was growing up. How fun it was to impersonate him and the other characters in the show running around in the yard with our friends after dinner shouting, “High-Yo, Silver! Away!” and “Me, Tonto. You, Kemosabe,” and feeling so satisfied in helping others in distress. Fun times.

Those lessons, those urges we felt/learned from watching that show (and other programs like it), haven’t left many of us. Here we are decades later having been imprinted not only with the words they spoke in the shows but with the desire to be a good guy, a “kemosabe,” and to intervene for good in order to save/protect others. That wasn’t “toxic masculinity” on display but rather morality, character and integrity being modeled and society benefited from it- and still does. That kind of masculinity was what it took to settle this great nation and stand down World War enemies that threatened not just our own peace but the peace of the world. 

Think of what today’s children watch, or should I say ingest, at an enormous pace. Excessive sports and gambling, sex (casual and loose- fornication), violence, alcohol & drug consumption (abuse), ego’s & pride, defiance, corruption, lying, cheating and adultery and more! This is shaping many of the impressionable minds of today’s youth and it’s not healthy. We will reap what we sow. “Be careful little eyes what you see.”

We must stand up, speak up and stand in the gap for our children and grandchildren today or else they will be “sold into cultural bondage” and not be able to discern right from wrong (I’m speaking of ethics now). The consequences could be dire! At it’s worst example, later on they may just chose to “put us down” when we are old and needy- at the very moment that we would naturally depend on them to be our “Lone Ranger” and show us compassion. We reap what we sow. We MUST train up our children “in the way they should go” so that they won’t depart from it when they (not to mention us) are old.

Earlier this month we posted (and it bears repeating… again), “Our nation faces many challenges right now. This is a time for courage. A time for wisdom and experience. A time to unify and work to repair our great nation and get it back on track. Each one of us should take a moment to thankfully reflect on the blessings in life given by our Creator.

Our Current Market Outlook remains “Uptrend Under Pressure” with a yellow light. The upgrade to yellow happened as of 2:30pm on 09/11/24, with the SPX @ 5,518.19. As long as the Nasdaq & S&P 500 continue to trade above their respective 50-day mav’s, the trend remains up. Our Core Four now shows 2 green, 1 red & 1 yellow light. The VIX just tested and held its own 50-day mav (a warning) on Friday. Note: The ominous pattern on the Nasdaq called a negative divergence, or a negative “non-confirmation,” is still in play. The Transportation index looks similar.

In case you missed it, the price of Gold continues to hit ALL-TIME highs – even higher than when Solomon was king! Also on Friday, the price of silver broke out over a 4 year price high on big demand. This morning it is trading near highs last seen over 10 years ago. There is a ratio of gold to silver prices that is followed by many traders/speculators/investors and it seems to be bringing attention to the price of silver. Yet, we are being told by the Fed that the war on inflation is over and that we have won. It seems that Mr. Market might be whispering something different. “Hi-Yo, Silver! Away!” indeed! (This is not meant to be a recommendation but only serves as an observation. Please do your own research or speak with a qualified financial advisor.)

“How blessed is the man who finds wisdom and the man who gains understanding. For her profit is better than the profit of silver and her gain better than fine gold. She is more precious than jewels; and nothing you desire compares with her.”

“But Peter said, ‘I do not possess silver and gold, but what I do have I give to you: In the name of Jesus Christ the Nazarene—walk!’”

 Proverbs 3:13-15, Acts 3:6 NASB 1995

Game plan: Stay focused! Do not get complacent. Continue to study the price & volume relationship of leading stocks and the main indexes up to the election. Finish your action plan for the election. Our nation’s choice is this: socialism/communism vs. a free republic and capitalism. Ask Jesus for wisdom. Please also pray for the peace of Jerusalem (Psalm 122:6-7). May they prosper who love her.

Note: You can learn more about The Triumphant Core Four risk management system by clicking here.

Have a Triumphant day! ®