Stocks And Precious Metals Charts - Strike A Level

Gold and silver both held their price at the 61.8% retracement level. 

Next week will tell us if this is a major correction or the start of a new formation. 

But the amount of physical bullion being added in Hong Kong suggests 'mission accomplished' in cleaning out the precious metal ETFs. 

As I said, look for this type of action to continue while the gold pool falls apart.

Stocks took a plunge today, but then held their own levels as needed on their charts and managed to stage a major relief rally. 

Let's see if bully can keep that going as a trend change, or not. 

The Dollar moved to the top of the 91 handle. 

Again, let's see which way we go from here. 

Interest rates may be a key determinant. 

For those who are astonished by the antics of some of the opposition party Senators, both outrageous and shameful, keep in mind that this is nothing new, and not so mysterious. 

The same service to the moneyed interests with a reckless disregard for the public was common among the Republican congressmen throughout the Great Depression. 

And although it is so often unmentioned, the one percent attempted to foment a coup against the elected government by violent means in Washington DC.   

History does rhyme.

People imagine that we all worked together, but this is not at all what happened. 

Have a pleasant weekend. 

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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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