06 August 2020

Stocks and Precious Metals Charts - King Silver! - Non-Farm Payrolls Report Tomorrow

Gold and silver were both moving higher today, with the Dollar continuing its slide lower as measured by the DX index.

Gold closed just north of $2070.

Silver had a major move and finished up just shy of $29!

Stocks were a bit lackluster in the early trade, which was also especially light.

However in the afternoon the animal spirits of the pigmen stirred, and stocks were bid up towards new bubble highs.

There will be a Non-Farm Payrolls report tomorrow. Stocks may move on it. Trumpolini wants to see good numbers.

I put up a chart that shows the returns of a few of our familiar asset classes since the beginning of 2019.

And surprise, the winner was King Silver.

Hail to the king, baby.

Have a pleasant evening.