Stocks And Precious Metals Charts - The Fed Keeps The Pedal To The Metals - Quad Expiration On Friday

"Gold is unique among assets, in that it is not issued by any government or central bank, which means that its value is not influenced by political decisions or the solvency of one institution or another." - Salvatore Rossi, Central Bank of Italy, 30 Sept 2013 

"When a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation." - Gresham's Law 

The Fed struck a decidedly dovish tone in its decision and subsequent press conference by Chairman Powell today.

Stocks turned around and bolted higher.

 Gold and silver rose sharply along with the miners.

The Dollar took a sharp dive but still managed to hold well above the 91 handle. 

The quad witch is on Friday, and so there is still plenty of room for shenanigans.

Happy St. Patrick's Day.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.