Stocks And Precious Metals Charts - A High Close

By Jesse of Jesse's Cafe Americain

Apr 9, 2021 at 4:55 PM EDT

Stocks shook off the early morning inflation/interest rate concerns and managed to close higher. Gold and silver also recovered quite a bit from their morning lows.

Stocks shook off the early morning inflation/interest rate concerns and managed to close higher.

Gold and silver also recovered quite a bit from their morning lows.

I was expecting a backfill and bounce after the big run higher to resistance yesterday, and that is what we got.

Gold still needs to crack higher over 1770, but if it can hold 1730 on the retests then that is fine.

The dollar held on to the 92 handle.

The VIX dropped further.

There will be a stock market option expiration next week.

Have a pleasant weekend.

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Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.

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