31 July 2020

Stocks and Precious Metals Charts - Crazy Train All Aboard

Gold and silver moved higher today, along with the Dollar which gained back a little of yesterday's loss.

Stocks came in much lower this morning.

And I was carrying an overnight short in the small caps, which I covered before I left around lunchtime.

Stocks managed to drift higher, to finish up on the cash market and almost unchanged in the futures after a big after hours pop last night.

Next week is August and with that comes the Non-Farm Payrolls Report for July.

The 'risk on' attitude for today seems like bravado.

Eyes are on Washington and the expiration of the unemployment benefit kick.

Have a pleasant weekend.