Stocks and Precious Metals Charts - Here Comes Santa Claus

Dec 17, 2021 at 5:45 PM EST

Gold and silver were initially strong, but lost ground as the dollar rallied in the afternoon.

Stocks were wobbly today, and despite taking back some of their losses in the quieter afternoon trading, they still managed to go out near the lows.

Gold and silver were initially strong, but lost ground as the dollar rallied in the afternoon.

The markets are signaling many contrary things about risks and rates.

Indeed, the predictive value of the US financial markets is about as reliable as Hunter Thompson on a three-day road trip.

Short and possibly quiet holiday week dead ahead.

Have a pleasant weekend.

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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.