Stocks And Precious Metals Charts - Wash And Rinse Complete

And so the wash and rinse completes its cycle. 

Stocks were up sharply today. 

After having bounced off their key Fibonacci retracement levels. 

This was a 'tactical correction' in my books. 

Those worries about inflation were mostly hoo-haw and clickbait. 

Those year-over-year comparisons are going to be distorted since this time last year we were in the teeth of covidageddon. 

Even the month over month have to be read carefully now because of the sharpness of the vaccine deployment in the US.

The key actor is the Fed. 

Everything else is noise. 

Gold and silver both rallied to below breakout resistance, with gold leading the charge. 

The Dollar fell back down towards 90. 

See, that wasn't so bad. 

I posted some intraday charts showing the placing of gold and silver to the breakout levels, because The Forester People of Spokane asked.   

What can you say about such nice folks with exquisite taste in vehicles?

 Let's see what antics the Wall Street wiseguys will have for us next week. 

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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