11 April 2017

Stocks and Precious Metals Charts - I See Them Long Hard Times To Come

"Governments can err, Presidents do make mistakes, but the immortal Dante tells us that divine justice weighs the sins of the cold-blooded and the sins of the warm-hearted on different scales. Better the occasional faults of a Government that lives in a spirit of charity, than the constant omission of a Government frozen in the ice of its own indifference."

Franklin D. Roosevelt

Today was a 'risk off' day, although stocks managed to take back much of their losses after the European close.

Gold and silver went out near their highs.

The precious metals are jammed up against overhead resistance.

A breakout from here and a strong closing print that sticks it the breakout and confirms it opens up some interesting possibilities.

Have a pleasant evening.