Stocks And Precious Metals Charts - Our Fallen Angels

What do you get when you cross a mafioso and a central banker? 

They make you an offer that you can't understand.

And they probably don't either. But the bosses want it.

Stocks stumbled again today, although there was a determined effort to 'hold the line' on any declines.

More significantly perhaps, after hours the stay-at-home tech darling Netflix missed its numbers and provided less than the sparkling outlook for Q3.

And so it promptly puked up 10+% of its market cap.

Gold and silver were hit today. The Dollar edged a bit higher.

I think this is stock option expiration shenanigans.

All those holders of leveraged positions and mining options probably took a good gut check on the strength of their convictions.

Chart-wise neither gold or silver broke anything important to the downside for now. Let's see how that works out.

Have a pleasant evening.

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