Stocks and Precious Metals Charts - Loss and Gain - The Spice Must Flow

The CPI numbers came in hot this morning.

And the yields on Treasuries climbed to multi-year (decade?) highs.

Smells like teen spirit.

And so stocks fell hard, bounced and then fell harder again.

Gold and silver rallied on inflation and then fell off during the day with stocks.

The Dollar chopped sideways.

I came in short from late yesterday, covered, and then shorted the bounce again.

I ended up flat, but I did leave some potential profits on the table.

I mention this only because I have not taken two roundtrips on the short side in a day like this in many years.

This is a deadly black diamond market, pros only.

Let's see what the rest of the week brings.

I am watching the metals and miners especially, but am being slow to act on the bullish side here.

I do foresee a batch of homemade oatmeal raisin cookies with walnuts in my future. Yum.

It's the little things that make life worth living.

Have a pleasant evening.

(Click on image to enlarge)