Stocks And Precious Metals Charts - Metals Rebound From The Recent Price Suppression

Gold and silver popped today, after the recent drubbing that the wiseguys were handing out in observance of the Comex metals option expiration and the Non-Farm Payrolls report. 

I was particularly glad to see this, as I came into this morning very heavy in the minters of gold and silver, by far my biggest position in them this year. I believe I mentioned this buying last week.

I did trim them back as gold hit the overhead resistance of the bullish trend. Now I will feel more comfortable in holding them. I am in the established dividend-paying names. Maybe I will look at the lottery ticket juniors later on if this continues.

Stocks were trading a bit heavily today, weighed upon by the threat of hard Brexit and the surging cases of COVID-19.

Let's see how the rest of this week goes. This is a seasonally favorable period for metals and stocks. But we might see some sector rotation and profit-taking particularly in the high flyers that are up 40+% on the year.

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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