Stocks and Precious Metals Charts - Lackluster and Repetitive - The Banality of Monetary Policy

Jun 6, 2022 at 6:34 PM EDT

Gold and silver rallied early and then were pressed back down. The dollar chopped sideways but managed to finish slightly higher.

Even as pump and dumps go, today was rather lackluster, even boring to the point of banality.

It contained all the cutting drama of a Jackie Vernon vacation slide show.

Gold and silver rallied early and then were pressed back down.

Stocks rallied early and then largely faded into the afternoon.

The dollar chopped sideways but managed to finish slightly higher.

The VIX wallowed.

Have a pleasant evening.

(Click on image to enlarge)

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.

Comments

Back to all articles

More from this Author

Stocks And Precious Metals Charts - Stocks Overbought

Stocks And Precious Metals Charts - Stocks Float Higher

Stocks And Precious Metals Charts - The Wheels Are Falling