Stocks And Precious Metals Charts - Who Let The Dawgs Out? - Gold And Silver Rally Higher

By Jesse of Jesse's Cafe Americain

May 17, 2021 at 7:23 PM EDT

Stocks were off again today, but gathered themselves and managed to take back quite a bit of the loss in the afternoon.

But gold and silver were the real surprises today, bolting higher and never looking back.

Who let the dawgs out?

Both metals smacked up through overhead resistance and managed to take it up to the next key level.

My favorite silver miners were the stars on the board, gaining 10-15%.

Not bad for a day's work.

There will be a stock market options expiration this week Friday.

Comex precious metals option expirations next week.

Let's see if the metals can hold their ground and move higher.

Or not.

Have a pleasant evening.

(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 learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.