06 June 2017

Stocks and Precious Metals Charts - The Summer Wind

"It was June, and the world smelled of roses. The sunshine was like powdered gold over the grassy hillside."

Maud Hart Lovelace

"Who has seen the wind?
Neither I nor you.
But when the leaves hang trembling,
The wind is passing through.

Who has seen the wind?
Neither you nor I.
But when the trees bow down their heads,
The wind is passing by."

Christina Rossetti

Today was just a bit of a 'risk off' day, with gold and silver showing gains, and the big gap NDX showing its first negative number on the futures in twelve trading days.

The weather here is glorious one day, and cooler and rainy the next. Nature is fairly bursting forth as Spring gives way to early Summer.

Gold is bumping its head against a new high for the year, and some serious overhead resistance.

The tension on the tape is palpable.

As they say in the song, 'something's gotta give.'

Have a pleasant evening.