Stocks And Precious Metals Charts - Markets Rebound Sharply After The Triple Witch Wash And Rinse
Markets decided that the gloom and doom of Fed hawkish that drove markets lower on Friday was not all that serious after all, and rallied strongly today.
Option expiration over, markets rally.
What a surprise.
The Dollar and VIX dropped.
Gold and silver were higher.
The SP 400 led the tech-heavy NDX higher.
There will be a Comex option expiration this week, more important for silver than gold.
It will be interesting to see how the impact of the Basel III rules regarding gold will impact its price and supply at the end of the month.
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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