Image Source: Unsplash

There will be a Comex futures contract option expiration for the precious metals tomorrow. 

Gold is being stopped dead at the overhead resistance.  

If it does break through that move might contain some energy.

Silver is weighed down a bit by the big decline in the NDX.

Speaking of the NDX, it set a lower low today, and went out there, which is not constructive for those of the bullish persuasion.

The SP 500 managed to hold up. I have marked the key support in green on the chart. It if breaks that then run, bully, run!

Bitcoin had a bit of a problem getting out of its own way today, despite the big new buy from the true believers favorite strategy stock.

The mainstream media is starting to take note of the big international flows of gold bullion, and its recent price increase.  

Perhaps something significant is happening or rather has been happening, and it is only now being noticed.

The US seems to think it does not need anyone else these days. That is fine when you are riding high. But if you stumble, there will be plenty of people all too glad to kick you on the way down.

How are the mighty fallen, and their weapons of war have perished?

I have spent the last couple of hours watching a guy in upstate NY on Youtube doing work on a cabin in the Adirondacks, and pretty gnarly repairs on an old skidsteer.  These are some of my favorite videos. I may be an old dog, but I still like to watch the hunt, even from the porch.

It's the little things that make life worth living.

Have a pleasant evening.

More By This Author:

Stocks And Precious Metals Charts - VIX Climbed
Stocks And Precious Metals Charts - VIX Wallows
Stocks And Precious Metals Charts - The Rally Is Narrowing