Stocks And Precious Metals Charts - The Troubled Seas Of Thought
Stocks had a grand pop and flop today, as the initial exuberance over a possible vaccine for coronavirus and the apparent win by Biden took a large exogenous weight off equities.
And so it was risk-on to near euphoric levels.
And then it was not.
Gold and silver got hammered today.
Looks like the traditional Non-Farm Payrolls report shenanigans were a trading day late.
I was pretty much in cash coming into today. I did add back a trading position in gold and a couple of miners, which were just brutalized.
Let's see how the rest of the week goes.
The Dollar was higher but failed to take out the 93 handle.
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