Stocks And Precious Metals Charts - The Next Trigger

By Jesse of Jesse's Cafe Americain

Monday, August 5, 2024 6:13 PM EDT

Stocks continued to get pummeled globally over the weekend.

The precise trigger for this is less interesting than the conditions which set the markets up for this.

That could be seen coming. And many did see it and spoke up about it.

But there is no reason with people determined to be rich by extraordinary means.

Stocks managed to take back quite a bit of their losses by the end of the day, as expected.

Gold held its support level in good fashion. Silver has fallen off its ladder, but is hanging on.

We have only just begun. Fear turns to greed, and then back again.

The next trigger for further selling will be the consequences of the provocations in central Europe and the Middle East.

Have a pleasant evening.

(Click on image to enlarge)

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