Stocks and Precious Metals Charts - Risk On! - Non-Farm Payrolls Tomorrow

By Jesse of Jesse's Cafe Americain

Jun 2, 2022 at 5:52 PM EDT

Gold and silver rallied, as the dollar sharply declined.

Stock shook off a warning from Microsoft and rallied higher, going out on the highs.

Gold and silver rallied, as the Dollar sharply declined.

The VIX fell.

It seemed as though the markets thought that there would be a weak jobs number tomorrow, which would put a chill on the Fed's zeal of rate increases.

Or it could just be a bulltrap, yet another means of skinning the speculators.

Stocks still have a ways to go higher to try and take on that second high and invalidate the CrashTrak model.

Banksters warning about an economic hurricane approaching notwithstanding.

Let's see what happens tomorrow.

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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