Stocks and Precious Metals Charts - American Gothic

Stocks continued their declines at a measure, steady selling pace showing little panic.

Surprisingly enough, VIX declined today in spite of the drop in stocks.

The Dollar also fell back a bit.

Gold bounced, while silver fell in sympathy with equities.

That second low in stocks has been set and nailed on the charts with an iron spike.

Let's see if it takes a panic selloff to make for a viable support level, or if stocks can just start drifting higher and pull the dip buyers, who were spanked sideways this week, back in to buy again. 

The danger from exogenous risks remains high, given the unstable underpinnings of the markets.

On May 9th Russia will hold its WW II victory celebration in Moscow.If Putin is going to say something inflammatory about the Ukraine this might be the time that he says or does something that disturbs the global risk factors.

Have a pleasant weekend.

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