Stocks And Precious Metals Charts - Lethargic To Gloomy
Stocks slumped once again today, after putting in their customary early morning rally attempt.
Gold and silver also slumped as the Dollar took a solid hold on the 110 handle.
Thanks to the declining yen and to a lesser extent the euro.
The yen and euro are the two largest DXY components.
Overall the economic outlook for most of the developed nations looks lethargic to gloomy.
No surprise that faithful retainer-to-empire Boris Johnson thwarted an early attempt to resolve the conflict in Ukraine.
The Anglo-Americans seem determined to have a protracted economic proxy confrontation with Russia—to the last frostbit and impoverished European.
The VIX slid higher.
I almost spit my coffee out this morning when a talking head on bubblevision posited the new British PM Liz Truss as another Franklin Roosevelt. As if.
The high ground still looks like a good place today, with the occasional foray into shallow waters.
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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