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This is a song of satisfaction. The singer is not one who is unfamiliar with peril. The opening sentence is a sigh, revealing the consciousness of peril. Toward the close, the shadows of She01 and the terror of corruption are recognized. Yet these things find a place here only that they may be canceled by the facts which create a sense of triumph over all peril. Jehovah is the one and all-sufficient good and the saints are friends of the singer because they are also friends of Jehovah.
With those who exchange Jehovah for another god the psalmist will have no fellowship. The fact that Jehovah is the supreme good is developed in descriptive measures. He is a present good and the hope of all the future. A present possession, creating pleasant places and perpetual power. As for the future, the last enemies will not overcome. Beyond victory over them is the presence of the King and the place of His right hand with fullness of joy and pleasures forevermore. The hope of this singer found its perfect fulfilment only in the Man of perfect trust, and through Him in all who share His life through the mystery of that death from which He came triumphantly to enter into the eternal joys.
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Morgan, G. Campbell. "Commentary on Psalms 16". "Morgan's Exposition on the Bible". https://studylight.org/
the Week of Proper 21 / Ordinary 26