Stocks and Precious Metals Charts - Waiting For the Breakout, or Breakdowns

Jun 10, 2021 at 4:35 PM EDT

The big cap tech NDX led the charge higher for stocks, going out on the highs. Gold and silver also advanced, finishing near their highs for the day, but still just short of breakouts.

The markets viewed the consumer inflation data this morning as a passing phenomenon, given the huge plunge in the economy last year, and the current revitalization with the vaccinations.

The big cap tech NDX led the charge higher for stocks, going out on the highs.

Gold and silver also advanced, finishing near their highs for the day, but still just short of breakouts.

Let's see how we finish out the week.

Stock option expirations next week.

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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