Stocks and Precious Metals Charts - Come and See

Stocks went on a 'risk on' tear higher, with the VIX dropping down hard to its longer-term moving average.

Apparently, the concerns about a 100 basis point interest rate increase at the next Fed meeting has receded since the other day.

And surprise, the Fed Inspector General has found nothing amiss with 'Fed governors doing millions of short term transaction in the futures markets for their personal accounts.

Nothing to see here, move along.

Shameless.

Gold slumped again despite the big drop in the Dollar. Silver rode higher with stocks.

One might suspect a short term bottom is underway, at least until the next Comex options expiration on June 26^th.

Have a pleasant weekend.

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