Stocks And Precious Metals Charts - The Shadows Lengthen

After the bell UBER put forward a massive loss, as was expected. But they also missed on the top line revenues which was far less excusable.

Uber missed. How poetic is that?

Stocks were in massive rally mode, as the recent realizations of mispriced risks were dismissed.

Fear was cast aside by greed. Wash and rinse.

The volatility surprises some.

How else could it be, when all standards and measurements of objectivity have been cast aside in an overwhelming tide of willfulness?

Whatever we say, goes.

Gold snapped back in the late afternoon and retook the 1500 handle.

Silver held on to the 17 handle.

Mortgage refi activity is skyrocketing thanks to the recent plunge in interest rates.

This appears like a setup for a major, bone-shattering correction. History would suggest the early fall, but last year it came in December.

Nothing is certain in the times of madness and power unleashed.

Trump himself is one thing, and then another, at complete opposites to each other. Without even the blink of an eye. It is sign of the times.

Have a pleasant evening.

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