16 March 2021

Stocks and Precious Metals Charts - Shenanigans Abounding


“I believe order is better than chaos, creation better than destruction.  I prefer gentleness to violence, forgiveness to vendetta.  On the whole I think that knowledge is preferable to ignorance, and I am sure that human sympathy is more valuable than ideology.  I believe that in spite of the recent triumphs of science, men haven't changed much in the last two thousand years; and in consequence we must try to learn from history.  History is ourselves.  I believe in courtesy, the ritual by which we avoid hurting other people's feelings, by satisfying our own egos.  And I think we should remember that we are all part of a great whole, which for convenience we call nature.  All living things are our brothers and sisters."

Kenneth Clark, Civilisation 


"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.  Intellectual myopia, often called stupidity, is no doubt a reason.  But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right." 

John Kenneth Galbraith


"You are the very cause of your ignorance, yourselves.  You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.” 

Thomas More 


Trading today was 'mixed' pretty much across the markets.

 Gold gained a little and silver slipped a bit.

Big cap tech as in the NDX gained, but gave up a big chunk of the early gains. 

The Dollar moved sideways.

There will be one of the four quad witch option expirations for this year on Friday.

Typically we will see a zig zag trade, with shenanigans galore.

Next week is the Comex option expirations for the metals.

The Fed is going to be making a rate decision this week, and saying a few things about it.

Let's see if gold and silver can run this gauntlet and hold their charts together.

Have a pleasant evening.