Stocks And Precious Metals Charts - This Attractive But Deceitful World

Gold and silver had a follow on hit this morning, but they took much of that back into the afternoon.

Gold in particular hit its 50 percent Fibonacci retracement support level intraday. 

This was a buy point in the metals for me.

Silver rebounded with a vengeance. Bought that on the slump too.

It does look to me like the usual wash and rinse action we see around a big contract month expiration and is often a multiday evening. 

There is no bigger contract month for gold than the December contract.   

And this does seem to be an annual event. Especially with the regulators asleep at the switch.

Stocks were week, most likely for the end of the month profit-taking and rebalancing. 

The election seems to be a done deal, except for some fantastical stories from snake oil salesmen and the purveyors of clickbait.

The COVD pandemic is still kicking and taking a toll.  

The talking heads were whining that the VIX remains elevated. How dare it see risk in these markets.

 Let's see how the rest of the week goes.  

Have a pleasant evening. 

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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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