Stocks And Precious Metals Charts - Climbing Higher
Stocks continued climbing higher in defiant bullishness.
Once they get done squeezing the shorts and crushing the hedges of the cautious, we may expect them to dump the stock markets hard, under whatever pretext is handy.
But for today the Fed heads were out speaking sweet nothings about rates being fine where they are.
The VIX continued to drop.
Gold backed off a bit, but silver gave up most of its recent gains.
What a surprise.
A big chunk of gold left the Hong Kong Comex registered warehouses.
The Dollar declined.
Who needs safety when you are closely held in the comforting hands of the Pax Americana?
We start getting some economic data on Wednesday.
Have a pleasant evening.
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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 ...
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