Stocks and Precious Metals Charts - Exhausted on a Wreckage of Devices

Stocks were volatile again, with a wide range between the highs and lows.

And once again they made a determined effort to finish them in the green.

But alas, it was not meant to be.

And so stocks continued their declines from their blow-off bubble tops.

Gold and silver rallied hard this morning.

They fell back from the highs but held on to their breakouts fairly well.

The London Metal Exchange halted trading in nickel today as the metal doubled in price.

I know a lot of silver bulls who would like to see the same thing happen to the hi ho metal on its road back to $50.

The Dollar chopped sideways and settled down a bit, just managing to hold on to the 99 handle.

Bitcoin maintained its correlation to the big cap tech bubble, but for a change managed not to decline today.

Green shoots?

JPM let a large number of March gold contracts go at $1994 from their house account the other day according to the clearing report below.

Maybe they felt like sharing? Don't want to be pigs given their corner on physical silver?

Smells like team spirit.

Let's see what happens.

Have a pleasant evening.

(Click on image to enlarge)