Stocks and Precious Metals Charts - 'Risk on' day

By Jesse of Jesse's Cafe Americain

Apr 4, 2022 at 4:53 PM EDT

Gold moved a little higher, silver a little lower. The Dollar moved higher, just short of taking back the 99 handle.

Stocks were weak overnight and in the opening today, but gained a footing and then took to the upside.

Tech was buoyed by the news that Elon Musk bought a 9.2% passive position in Twitter.

Has Elon ever been passive for long in anything?

Gold moved a little higher, silver a little lower.

The Dollar moved higher, just short of taking back the 99 handle.

I suppose today would be called 'risk on' despite the upside in gold.

Have a pleasant evening.

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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.

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