Stocks And Precious Metals Charts - A High Close
Stocks shook off the early morning inflation/interest rate concerns and managed to close higher.
Gold and silver also recovered quite a bit from their morning lows.
I was expecting a backfill and bounce after the big run higher to resistance yesterday, and that is what we got.
Gold still needs to crack higher over 1770, but if it can hold 1730 on the retests then that is fine.
The dollar held on to the 92 handle.
The VIX dropped further.
There will be a stock market option expiration next week.
Have a pleasant weekend.
(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)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
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 ...
more