Stocks And Precious Metals Charts - Gold Option Expiration Tomorrow

Stocks sold off quite hard today, although they did manage to find a footing on some key support.

Still, if there is more follow through to the downside this week, the situation could become more serious.

And in general, you know that is it a hallmark of a major top if the rally back fails to set a new high.

Gold got some legs today in what was clearly a flight to safety. Silver was flat, but surprisingly the Dollar itself was lower. The VIX was elevated.

One can speculate about the cause of the decline. Early thought pointed to the miss on Consumer Confidence, which seems a bit of a stretch.

More likely the madness of King Trump's recklessness is weighing on the markets.

I am certainly no fan of Joe Biden. Or of Trump. Let's see the facts come out—all of them.

Have a pleasant evening.

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