Stocks And Precious Metals Charts - Whipsaw City

In a nutshell, the White House issued a statement this morning that the trade talks with China were going well.

Stocks were rallying with a vengeance, regaining much of what was lost yesterday.

And then this afternoon, Trumpolini blindsided the markets with an angry tweet about China, adding a new ten percent tariff to consumer-related goods.

And the equity markets and the dollar took a nosedive, while gold just rocketed higher. They were taking the gold bears out of the pits on stretchers.

But not Citi, rumored to be the big Bank gold short. They were grabbing fistfuls of gold contracts, as you can see on the clearing report below. The thing that they were tipped by some well placed financial advisor? Naw, couldn't be.

This would be much more amusing from a greater distance. But today was right up there.

Get right, sit tight.

And have a pleasant evening.

(Click on image to enlarge)