20 July 2017

Stocks and Precious Metals Charts - One Day In Texas

“Beware the Jabberwock, my son!
The jaws that bite, the claws that catch!
Beware the Jubjub bird, and shun
The frumious Bandersnatch!”

Lewis Carroll

"Grigory Yefimovich Rasputin—
spiritual advisor to the Romanovs.
In 1916, at a dinner in his honor,
he was poisoned, shot stabbed,
clubbed, drowned, and castrated."


"A shudder in the loins engenders there
The broken wall, the burning roof and tower
And Agamemnon dead.

Being so caught up,
So mastered by the brute blood of the air,
Did she put on his knowledge with his power."

W. B. Yeats

Tomorrow is a stock options expiration.

Next week there will be a precious metals option expiration on the Comex and an FOMC meeting.

If the metals can make it past these, then the path to a breakout from the current intermediate rangebound trend may be clear.

Stocks look toppy.  Wait for it.

Have a pleasant evening.