Stocks And Precious Metals Charts - Edgy Day
The markets were understandably edgy today, putting their portfolios in order for a weekend fraught with exogenous risk.
The major stock index futures declined, and actually went out at the bottom, declining further after the bell.
Gold and silver initially rallied strongly, but were whittled back as the day wore on.
The metals shorts may be giving way, but they are drawing a line in the sand at gold $2000.
If that resistance is broken, gold may run.
VIX maintained its elevated level.
The Dollar chopped sideways finishing essentially unchanged, but at an elevated level relative to recent history.
Have a pleasant weekend.
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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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