Stocks and Precious Metals Charts -The Great Wealth Transfer Mechanism

Well, the good news is that stocks have a ways to go lower if we are looking at a genuine CrashTrak signal.

The bad news if you are holding on to this mess you are losing a lot of your recent profits, for mostly nothing.

I came in from Friday evening short and took them down before the close today.

Let's see where they take this thing next. It's a bit early in the year for a crash landing. But they have a very good scapegoat teed up.

Gold and silver rallied hard in the morning but were quickly hit and hardback down to a little over unchanged.

Strafing the lifeboats is harsh but effective. Especially if you are feeling especially audacious and unindictable.

The Dollar edged a little higher to 100 on the DXY.

Who could have seen this coming?

Mackie, what price did you pay?

Forget it, Jess. It's Chinatown.

Have a pleasant evening.

(Click on image to enlarge)