Stocks And Precious Metals Charts - Gold And Silver Continue To Rally
Stocks were wobbly once again in another ranging day but managed to finish up flat to green.
Gold and especially silver continued to rally. Silver, when it moves, is amazing.
They have been bolting steadily higher since the recent Comex precious metals option expiration.
The chart formations for the metals are active on the charts and clearly marked.
The Dollar dropped back to just hanging on to the 104 handle.
The VIX fell.
The markets are keenly watching out for the Non-Farm Payrolls report.
This may severely test the metals rally, as it often does.
In the meantime, the geopolitical situation is in the red zone, and the markets keep whistling along, focused on the Fed.
The stock markets are one event away from a comprehensive meltdown, that could be impressive.
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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