10 December 2019

Stocks and Precious Metals Charts - Waiting for the Fed in a Lackluster Trading Day

"Progress is a nice word.  But change is its motivator.  And change has its enemies.”

Robert F. Kennedy

Stocks remained largely unchanged in a weak trade with a deceptively wide trading range.

The Dollar was lower while gold and silver moved higher.

I think it is fair to say that the markets are waiting to see how something unfolds.

I suspect that the FOMC tomorrow is the first shoe to drop, if only to confirm that the Fed is going to be on hold with a high bar for increases.

The UK general election will be the next, followed by the anticipated action on tariffs with China this weekend.

Let's see what happens.

Have a pleasant evening.