Stocks And Precious Metals Charts - Stocks Bounce Back In Relatively Light Trading

Stocks were flashing 'risk off' signals based on the simmering trade wars early this morning.

But there is little conviction in this holiday market, and the wiseguys were able to walk the major indices back up and trigger some short covering to take them into the green.

Gold and silver were hit again. The drain of physical gold continues.

These lower prices for the metal are freeing up some physical gold, or at least nominal claims on pooled gold, out of some of the major funds like GLD.

There will be a Non-Farm Payrolls report on Friday.

The financial systems in the US will be tested, and not on paper with make-believe risks like the Fed performs. And I suspect that once again they will not have been able to see it coming. As for the reasons why they never do, I think you know the answer.

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