Stocks and Precious Metals Charts - We're Having a Heat Wave - End of Quarter Painting the Tape

Jun 29, 2021 at 5:08 PM EDT

Gold, silver, and the miners were hit hard this morning in a fairly heavy-handed bear raid.

The objective seems to be the usual paint that the funds apply to make their quarter-end results look better

And we saw the opposite but similar effect in the widely played big cap techs.

Now that the Banks have passed their mostly self-serving and self-contrived 'stress tests' the Fed is going to allow them to start buying back their own stock to boost their price, and bonuses.

Non-Farm Payrolls report on Friday.

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.