22 June 2018

Stocks and Precious Metals Charts - Calm Before the Storm - Truth to Power


"And he will go on before the Lord, in the spirit and power of Elijah, to turn the hearts of the parents to their children and the disobedient to the wisdom of the righteous—to make ready a people prepared for the Lord.”

Luke 1:17

This weekend we will be remembering the Nativity of John the Baptist, one of those who spoke truth to the powerful, righteousness to the lawless, and gave hope to the suffering many.

Stocks finished weakly, roiled again by Trump's threat to impose a 20% tariff on all European automobile imports.

Gold and silver finished slightly higher on a weaker US dollar.

There will be an option expiration for precious metals on the Comex next Tuesday the 26th.

A little over 250,000 ounces of gold showed up in Hong Kong to relieve the relatively short supply there.

Physical gold is moving from West to East.

The economic data releases next week may provide some input to the markets. I have included the calendar for next week below.

Need little, want less, and love more. For those who abide in love abide in God, and God in them.

Have a pleasant weekend.