Psalm 25:4-6
"Rejoice in the Lord always; and again I will say, rejoice; show patience and consideration to all, for the Lord is always near. Let nothing make you anxious; but with prayer, and by supplication, and with thanksgiving, let your needs be made known unto God; and the peace of the Lord, which surpasses all understanding, will guard your hearts and your minds, in Christ Jesus."
Philippians 4:4-7
"Those who trust in him will understand the truth, those who are faithful will live with him forever, in love; for grace and mercy await those whom he has chosen."
Wisdom 3:9
Gold and silver popped today, after the recent drubbing that the wiseguys were handing out in observance of the Comex metals option expiration and the Non-Farm Payrolls report.
I was particularly glad to see this, as I came into this morning very heavy in the minters of gold and silver, by far my biggest position in them this year. I believe I mentioned this buying last week.
I did trim them back as gold hit the overhead resistance of the bullish trend. Now I will feel more comfortable in holding them. I am in the established dividend paying names. Maybe I will look at the lottery ticket juniors later on if this continues.
Stocks were trading a bit heavily today, weighed upon by the threat of hard Brexit and the surging cases of Covid-19.
Let's see how the rest of this week goes. This is a seasonally favorable period for metals and stocks. But we might see some sector rotation and profit-taking particularly in the high flyers that are up 40+% on the year.
Have a pleasant evening.
