Stocks And Precious Metals Charts - Jay Powell Before Congress

By Jesse of Jesse's Cafe Americain

Mar 6, 2023 at 5:59 PM EST

Gold and silver recovered much off their intraday lows, and were just a bit lower. The dollar slid lower again.

It started as a 'risk on' day with stocks surging higher and the havens lower.

But by the end of the day stocks were back to about unchanged.

Gold and silver recovered much off their intraday lows, and were just a bit lower.

The Dollar slid lower again.

I suspect markets are trying to anticipate the next two days of testimony by Fed Chair Jay Powerll to the US Congress.

So 'positioning' with a little wash and rinse thrown in. How could they resist.

Big Jobs Report on Friday.

FOMC meeting coming in March.

Have a pleasant evening.

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More By This Author:

Stocks And Precious Metals Charts - Stocks End In Rally Mode
Stocks And Precious Metals Charts - Passing Through
Stocks And Precious Metals Charts - Dollar Rallied

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.

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