Stocks were rallying hard in the futures overnight, and managed to come into the cash trade in the morning with a head of steam.
Alas, reality continues to press down upon bullish exuberance.
And so stocks gain up most of their rebound to go out with but a little gain to show for their troubles.
Gold and silver are clearly sawing sideways, caught below overhead resistance.
The situation is fairly easy to see on the charts.
When will the bullion banks lose control of the metals?
Hard to say. However, given a longer time horizon that breakout seems but a matter of time.
The dollar managed to take back the 97 handle after a long slide.
Covid-19 is going to go away according to Larry Kudlow, and you'll just have to keep your chins up. And buy stocks.
And in that vein, Trumpolini is back in the hood at his Bedminster golf resort, laying plans for more rallies and mass gatherings.
Make sure you sign the pandemic release form before you go.
Have a pleasant evening.
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