Stocks And Precious Metals Charts - Stocks Slump

By Jesse of Jesse's Cafe Americain

Nov 19, 2020 at 5:28 PM EST

Gold and silver dipped once again and seemed to find a footing along an established point of support on the charts.

Stocks were slumping today on the bleaker news about the COVID but managed to turn it around and finish higher into the close.

Gold and silver dipped once again and seemed to find a footing along an established point of support on the charts.

Look at the chart and see what happened around the last big expiration.

Let's see how well the miners and metals make it through the option expiration tomorrow, and the Comex metals option expiration next week.

A little physical gold managed to flow into the Hong Kong warehouses, taking the inventories up from abysmal to merely inadequate.

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.

STOCKS IN THIS ARTICLE

Also Mentions:

GLD SLV UUP NDX SPX VIX

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