Stocks and Precious Metals Charts - Starting the Second Half With a Wash and Rinse

Jul 6, 2021 at 4:26 PM EDT

It was a ranging day in what seemed likely to be a 'technical trade'. The financiers, flush with cash, felt like having a wash and rinse just to start the second half right.

It was a ranging day in what seemed likely to be a 'technical trade'.

The financiers, flush with cash, felt like having a wash and rinse just to start the second half right.

Gold finished up, silver was lower.

Broader stocks were lower, but big cap techs managed to hold a decent gain.

The specs were likely whipsawed, by design.

Welcome to Thunderdome.

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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