Stocks and Precious Metals Charts - How I Learned to Stop Worrying and Love the Bubble

Jun 24, 2021 at 4:25 PM EDT

Stocks were off to the races, running up to new highs before backing off a bit in the afternoon.

Gold and silver made an attempt to rally in the morning, but once again the lid was slammed shut, and they finished the day essentially unchanged or with a slight loss.

It's an option expiration on the Comex.

Non-Farm Payrolls next week.

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.