14 May 2018

Stocks and Precious Metals Charts - All Is Well

"As you have willed your house is now yours— but is made desolate.’”

Stocks initially rallied, continuing their overnight strength, based on a tweet from Trump about seeking some relief from the sanctions being imposed on a Chinese telecoms company ZTE.

However during the day the Commerce Secretary Wilbur Ross cast doubt on this, causing stocks to reverse and the dollar to gain back a bit on the flight to safety of sorts.

The US opened its new embassy in Jerusalem.

Gold and silver finished lower.

The Comex gold inventories set for immediate delivery continued to diminish.

Have a pleasant evening.