Stocks and Precious Metals Charts - And the Beat Goes On - 'Technical Trades'

By Jesse of Jesse's Cafe Americain

Feb 2, 2023 at 5:58 PM EST

The Dollar was up 55 cents. The VIX rose showing some risk concerns.

The Dollar was up 55 cents.

The VIX rose showing some risk concerns.

Gold and silver were utterly smacked from the word go.

Stocks rallied madly to new short-term highs.

Nothing really new about all this.

Let's call it 'technical trades.'

I had hedged my trading portfolio in anticipation of this sort of predictable shenanigans.

The only real surprise today was the clip of Cathie Wood extolling the safe harbor attributes of bitcoin.

Non-Farm Payrolls tomorrow.

Have a pleasant evening.

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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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