Note: the structure of this psalm is challenging. The Hebrew words for “lifted up/promotion/exalt” and for “horns” are repeated but  do not seem to define the structure. The reference to horns in v10 is a summary of the “judgment” that will become evident after the judge of all the earth is ruling. 

To the chief Musician, Altaschith, A Psalm or Song of Asaph.

A. 1 Unto thee, O God, do we give thanks,
unto thee do we give thanks:
for that thy name is near
thy wondrous works declare.

B. 2 When I shall receive the congregation
I will judge uprightly.
3 The earth and all the inhabitants thereof are dissolved:
I bear up the pillars of it. Selah.

C. 4 I said unto the fools, Deal not foolishly:
and to the wicked, Lift not up the horn:
5 Lift not up your horn on high:
speak not with a stiff neck.

C’. 6 For promotion cometh neither from the east,
nor from the west, nor from the south.

B’. 7 But God is the judge:
he putteth down one, and setteth up another.
8 For in the hand of the LORD there is a cup, and the wine is red;
it is full of mixture; and he poureth out of the same:
but the dregs thereof, all the wicked of the earth shall wring them out, and drink them.

A’. 9 But I will declare for ever;
I will sing praises to the God of Jacob.
10 All the horns of the wicked also will I cut off;
but the horns of the righteous shall be exalted.