The action is just about grinding to a halt, as most of the adults left much earlier today for their wonderful retreats in the Hamptons. The junior traders have been left in benign command of the desks, and the algos have been set to neutral.
Gold was up a bit today as the Dollar had a further slight decline. Silver was off a bit and the VIX was lower. I think we will see a turn, a sea-change if you will, in the gold market this year, perhaps as early as June.
Stock trading was a bit sluggish, with the tech stocks finishing unchanged and the SP 500 up just a bit, mostly on indifferent greed. The economic data came in weakly. There will be more next week.
Theresa May, the British PM, resigned today. The US markets will be closed on Monday for Memorial Day.
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