Stocks And Precious Metals Charts - An Odd Day
"Gold is a trust anchor.With shares, bonds and other securities: there is a risk to everything.If things go wrong, prices may fall.But, crisis or not, a gold bar always holds value.Central banks such as DNB have traditionally had a lot of gold in their house.Gold is the ultimate 'nest egg': the trust anchor for the financial system.If the entire system collapses, the gold stock provides a collateral to start over. Gold gives confidence in the power of the central bank's balance sheet.That gives a safe feeling."
Stocks vacillated around unchanged today. They could not really bring themselves to admit that the 'trade deal' was just another story.
But it was an odd sort of day. The VIX dropped again, but the Dollar, gold, and silver were all higher together.
Let's see how earnings and international news affect prices this week.
There will be a stock options expiration on Friday.
Have a pleasant evening.
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None.