Stocks And Precious Metals Charts - Delivered From The Lion's Mouth

By Jesse of Jesse's Cafe Americain

Apr 10, 2024 at 7:58 PM EDT

The Dollar rallied strongly, putting in over 100 basis points on the DXY index. Stocks fell sharply. The mispricing of risk is sometimes difficult to maintain. Gold and silver came some ground back.

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As I am sure you have already heard, the Consumer Inflation number came in higher than expected this morning.

Some of the phantom rate cuts again went by the wayside of reality.

The Dollar rallied strongly, putting in over 100 basis points on the DXY index.

Stocks fell sharply. The mispricing of risk is sometimes difficult to maintain.

Gold and silver came some ground back, but not nearly as badly as one would have seen even a few months ago.

Physical buying in the East may be sustaining the price.

PPI tomorrow.

Let's see if the bipolar market punters can swing back to delusional again.

Have a pleasant evening.

More By This Author:

Stocks And Precious Metals Charts - Got Gold?
Stocks And Precious Metals Charts - Weak And Listless
Stocks and Precious Metals Charts - And May the Odds Be Ever In Your Favor

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.

STOCKS IN THIS ARTICLE

GLD SLV UUP VIX

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