Stocks And Precious Metals Charts - Panic In The Air
Today looked like the powers that be took a look at the overnight futures, which were decidedly bloody, and decided that this was a good time to exert a 'calming effect' to stabilize the markets.
I mean, they do have an official organization that is well-funded to do just that.
So the Dollar was boosted and the metals were slammed on the New York open.
Stocks found a footing after a wildly fluctuating open, and finally managed to close off the lows with a modest gain from the Friday close.
VIX fell substantially from a sky high opening around 60. Panic was in the air.
Bitcoin even managed to come back from the worst of its weekend shellacking, but still closed well shy of the 80 handle.
We have some inflation data coming out later this week.
I made some money today, but does that really matter all that much?A good trader can make money in almost any market.And if they are not after instant riches, they can make a living of it.
There are plenty of bull market geniuses and unprincipled cheats, but fairly few seasoned traders. It's not an easy thing to do consistently, and requires self-awareness and discipline.
And even then, it's not an easy thing. Honestly in matters of money and power is a rarity.
Have a pleasant evening.
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