Stocks And Precious Metals Charts - Comex Gold Option Expiration Tomorrow

It was risk on today as weak economic news spurred more hopes of an early end to the Fed's rate increases. 

Weak economic data is of course a two-edged sword, because of its primary effects on commerce and profitability.

But no matter, today was one of a renewed euphoria.

Stocks rallied, although they pulled back noticeably in the last thirty minutes from their highs.

Smells like a technical trade, or at least teen spirit. 

After the bell the big cap tech names disappointed and the NDX pulled back even further.

The Dollar declined.

Gold and silver were hit hard early but took a fairly significant part of that back.

There will be an expiration for the November gold contracts tomorrow on the Comex. November is a very thin month for gold futures.

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 from ...

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