09 July 2020

Stocks and Precious Metals Charts - Respite

“The stars move still, time runs, the clock will strike,
The devil will come, and Faustus must be damned...
Mountains and hills, come, come, and fall on me,
And hide me from the heavy wrath of God!”

Christopher Marlowe, The Tragical History of Dr. Faustus

"The Fates are just: they give us but our own;
Nemesis ripens what our hands have sown."

John Greenleaf Whittier

Stocks managed to hold on today.

They are tired after this spectacular speculative run higher.

They could be consolidating, and absent any kind of event to call the bull mania into question, could move higher.

Gold and silver pulled back a back in their own consolidation, and the Dollar edged higher.

Have a pleasant evening.