Stocks And Precious Metals Charts - Near The Highs

Apr 23, 2021 at 4:37 PM EDT

Stocks went on a tear higher in the afternoon and went out near the highs. The VIX declined. The Dollar lost the 91 handle.

Stocks went on a tear higher in the afternoon and went out near the highs.

The VIX declined.

The Dollar lost the 91 handle.

Gold and silver fell a bit.

It was a risk on day, all the way

Next week we will have the FOMC meeting.

There is the opportunity for a misstep, even a small change in words.

But the Fed is very market-driven.

Gold and silver might have a bit of a tough week ahead, with the FOMC and the Comex option expiration

Have a pleasant weekend.

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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.