Stocks and Precious Metals Charts - It Can't Happen Here - And No One Can See It Coming

Stocks were hammered in the morning trade, purportedly over concerns about inflation.

Comments from Stanley Druckenmiller about the status of the dollar contributed to the selling. 

Gold and silver were also caught in the early selling.

However, as the day wore on, the dip-buyers came in, buying up precious metals until they went on to close with decent gains.

I joined a bit in the early dip-buying. I had been waiting for a pullback like this.

Big cap tech also recovered significantly in the afternoon.

The rest of the equity market not so much. 

I would presume that traders will be watching the consumer inflation data out tomorrow morning.

Have a pleasant evening.

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