Stocks And Precious Metals Charts - The Dollar Declined

By Jesse of Jesse's Cafe Americain

Mar 9, 2023 at 5:20 PM EST

The Dollar declined a bit as short-term yields backed off their recent highs. Gold rallied as a consequence, but silver fell a bit in sympathy with equities.

Stocks took a proper nosedive this afternoon after staging the usual morning rally.

The reason attributed to this was concern about some of the bleeding edge banks like Silvergate, and now the Silicon Valley Bank. This led to a drawdown in share prices of the the Too Pig To Fail behemoths: JPM, Wells Fargo, Citi, and Bank of America.

The Dollar declined a bit as short term yields back off their recent highs.

Gold rallied as a consequence, but silver fell a bit in sympathy with equities.

Jobs. Jobs. Jobs. Non-farm Payrolls tomorrow.

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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