10 June 2020

Stocks and Precious Metals Charts - Precious Metal Rockets and Blow Off Tops in Tech

"We should be shining lamps, giving light to all around us.

The tender Mercy of God has given us one another."

Catherine McAuley

"Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people. Lacking any other purpose in life, it would be good enough to live for their sake."

Garrison Keillor

Stocks were a bit off today with the FOMC announcement of the status quo, although the NDX continued to rocket higher in a late stage new era tech boom.

It is setting up for a very nice blow off top. Wait for it.

Gold and silver took off higher today, continuing to gain back from the phony smackdown engineered by the bullion banks around the non-farm payrolls report.

June is a big month for the precious metal futures, and proved a tempting target for the wiseguys to run the stops and pull off a wash and rinse.

Well, here we are again. Looking at key overhead resistance in gold and silver.

The weather here has been hot, in the low 90's today.

I cut up a fallen tree for a neighbor and stocked some more firewood away for next winter.

The young man is a handy wood-splitter.

And after cleaning up and having a nice late lunch, the air conditioning felt so good that Dolly and I celebrated with a solid nap.

If a package had not arrived, with a doorbell setting off the Dolly alarm, we might still be sleeping even now.

There is no rest so profoundly satisfying as that given to us, having done a good thing for another.

Such are His loving kindness, and tender mercies.

Have a pleasant evening.