Stocks And Precious Metals Charts - Shameless And Defiant To The End

The financial spokesmodels were waggling their drooping pom-poms with all the vigor they had today.

And stocks managed to overcome their early losses and were able to move into the green in the afternoon after the rest of the world had gone home for the weekend.

The Dollar was higher along with Treasury yields.

Gold and silver were quite a bit lower intraday but managed to come back to slight losses.

I suspect we are positioning ahead of the futures contracts expiration for precious metals on Monday the 27th of next week.

The inventories of physical gold in the Comex warehouses in Hong Kong had fallen to lower levels.  So perhaps it was time to hit the metals and scrape more inventory out of the ETFs.

Have a pleasant weekend

(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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.