Stocks And Precious Metals Charts - Worst Start To A Trading Year Since 1932

Gold and silver rocketed higher today out of their constraints on the charts.

It was a bit odd to watch the closing trades on the tape late on Thursday as the miners were taken down hard in the lightest of markets.

It did seem as though someone were trying to run the stops which specs had put on ahead of the holiday weekend.  

Or perhaps, trying to make their own short positions look a little better for the year-end.

Nevertheless, today was a new day.

Gold went out near the highs, with silver also rallying although with a little less risk-averse abandon.

The Dollar dipped but then closed almost unchanged.

The VIX soared.

Stocks got clocked, putting in the worst opening day trading loss since 1932.

Looks like a pretty obvious flight to safety. 

The Georgia Senate runoff elections are tomorrow, with early voting starting today.

The coronavirus is raging.

Jokers and Demi-goons in the Senate are making noises about challenging the recording of the presidential vote on January 6th, against the judgment of the States and the courts.  

Fanservice for the base. While blocking their stimulus checks.

Let's see what happens next.

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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