20 November 2020

Stocks and Precious Metals Charts - Sloppy Trade for an Options Expiration - Thanksgiving in Sight


"When a man takes an oath, he is holding his own self in his own hands, like water. And if he opens his fingers then, he need not hope to find himself again." 

Thomas More 


"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us." 

 Chalmers Johnson 


"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought." John Kenneth Galbraith 


“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.” 

Søren Kierkegaard


Stocks attempted to rally but went out on the lows. 

Gold and silver rallied, but then gave some of it back in the afternoon. 

Let's see if their support holds next week.

Today was a stock option expiration, and the market action seemed to be heavily influenced by that.

Next week is the December contract metals option expiration on the Comex. 

Have a pleasant weekend.