Stocks And Precious Metals Charts - Buoyant Markets
Stocks did another pop and flop again today.
They come in strong from the wee hours of futures trading, bull it up in the morning, and then take their winnings and go home at the end of the day in New York.
Wash, rinse, repeat.
I would not criticize anyone who suspects that there is some 'tinkering' being done in the equity markets by the folks with the Exchange Stabilization Fund. The desire is to keep the markets buoyant into the November elections.
Gold and silver conversely were smacked lower, but then recovered in the days trading and finished up pretty much flat.
There was a Comex option expiration of the precious metals futures today. Let's see how they fare the rest of the week. By far the December futures are the most heavily traded for the precious metals in New York.
VIX ticked up a bit.
The Dollar did a dip and recover of its own.
Have a pleasant evening.
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