Stocks And Precious Metals Charts - Always The Same Words
The 'saves' of the troubled banks did not quite stick, in particular with respect to Credit Suisse (CS).
And so it was 'risk off' once again.
Stocks dumped, led south by the banks, particularly the regional and smaller banks which tend to populate the Russell 5000.
The VIX took back its decline from the day before.
Gold and silver rallied higher, breaking out of their restraints.
They may face a challenge next week with an FOMC rate decision on Wednesday.
There will be a key precious metal option expiration on the Comex on the 28th.
The cavalier attitude towards banking policy taken by the Fed and Yellen's Treasury can be added to the extraordinary things which we have been experiencing.
Have a pleasant weekend.
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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 ...
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