Stocks And Precious Metals Charts - Safer Harbors - Quiet Comex Expiration
Stocks took a dive today, as one might have expected with this kind of risk-blindness we have been seeing in the recent spate of low VIX readings.
The Dollar and gold caught some safe haven trading.
Silver followed equities lower.
So, is this yet another 'new bull market' in equities all shot to hell?
Maybe, but we certainly don't know so yet.
So far its just a fairly normal correction.
Stock futures were bouncing for joy after the bell as some of the big cap tech stocks released their earnings results.
People love the lie too much to let go of it quickly or easily.
That seems to be an unambiguous trend in many of our most prominent public figures these days.
I think its the pride.It causes people to blind themselves.
And cry big salty tears for their favorite con man, while trampling on love and the truth with self-satisfied delight.
Well, the rinse follows wash, so we might see a rally in risk tomorrow.
But let's see if stocks can keep moving higher past this great resistance area that has destroyed the last three rally attempts at breaking it.
Have a pleasant evening.
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