Stocks And Precious Metals Charts - Metals Soar After Calculated Option Expiration Takedown

"Gold and silver had a follow on hit this morning, but they took much of that back into the afternoon.Gold in particular hit its 50 percent Fibonacci retracement support level intraday. This was a buy point in the metals for me, fwiw. Silver rebounded with a vengeance.Bought that on the slump too. It does look to me like the usual wash and rinse action we see around a big contract month expiration, and is often a multiday event.There is no bigger contract month for gold than the December contract.And this does seem to be an annual event. Especially with the regulators asleep at the switch." - Jesse, 30 November 2020

Gold and silver rebounded sharply today.

The dollar resumed its decline.

Stocks soared but gave up a chunk of their gains in the evening.

I reduced the size of my miner positions a bit late today. They were a bigger bet than I like to carry, but it was worth it.

The bottom and the cause of the decline were telegraphed pretty clearly.

It was the grift.

Maybe it's time to stop believing the grifters, to let go of the sweet and simplistic delusions of their lies, and come home.

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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