Stocks managed to pull together a rally, shaking off some geopolitical and corporate concerns.

What, me worry?

VIX fell again.

The Dollar dropped further.

Gold and silver rallied in a flight to safety (or from insanity).

Assuming the stock market shakes off its bubble excess,which can unfold in several ways and several time frames, gold looks poised to run to 4000. 

It *could* happen in a significant flight to safety sooner than we expect.

I am not quite as keen about this, given the economic damage from which gold (and silver) will rise.

But certainly the metals are no cause of this, but simply an effect, an indicator, of disastrous mismanagement. 

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

More By This Author:

Stocks And Precious Metals Charts - The Abyss From Which There Is No Return
Stocks And Precious Metals Charts - In The Green
Stocks And Precious Metals Charts - Rate Cut Frenzy