Stocks And Precious Metals Charts - Let's Party
The Congress cleared the fears of a shutdown with another continuing resolution.
And the Fed's Waller provided some context this morning about adjusting their Balance Sheet favoring more short term debt, presumably steepening the yield curve, and perhaps providing more short term liquidity.
And Wall Street took this suggested option to mean, 'Let's party!' Because of the speculator at feeds on short term cheap money.
Stocks took off north.
Gold and silver rallied very hard, with gold breaking out. Gold had its highest close ever, although lower than the intraday spike from a few months ago.
Let's see if they can hold it and move past some stubborn overhead resistance.
The Dollar declined.
The VIX dropped.
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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