Stocks and Precious Metals Charts - Sloppy Trade for an Options Expiration - Thanksgiving in Sight

Nov 20, 2020 at 4:57 PM EST

Stocks attempted to rally but went out on the lows. Gold and silver rallied, but then gave some of it back in the afternoon.

Stocks attempted to rally but went out on the lows.

Gold and silver rallied, but then gave some of it back in the afternoon.

Let's see if their support holds next week.

Today was a stock option expiration, and the market action seemed to be heavily influenced by that.

Next week is the December contract metals option expiration on the Comex.

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.