Stocks and Precious Metals Charts - Extreme Systemic Fragility

Feb 24, 2021 at 5:33 PM EST

Stocks slumped very hard again led lower by tech. Jay Powell, Fed Chair, helped to talk the market back up during his testimony today. The metals recovered, led higher by the miners, especially silver.

The metals were hit hard in the early morning hours.

This is often the case on the day after an option expiration on the Comex.

Stocks slumped very hard again led lower by tech.

Jay Powell, Fed Chair, helped to talk the market back up during his testimony today.

The metals recovered, led higher by the miners, especially silver.

"The banks must be restrained, and the financial system reformed, and balance restored to the economy, before there can be any sustained recovery."
Jesse, July 2009

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.