23 April 2021

Stocks and Precious Metals Charts - Risk On

 

Stocks went on a tear higher in the afternoon and went out near  the highs.

The VIX declined.

The Dollar lost the 91 handle.

Gold and silver fell a bit. 

It was a risk on day, all the way

Next week we will have the FOMC meeting.

There is the opportunity for a misstep, even a small change in words.

But the Fed is very market driven.

Gold and silver might have a bit of a tough week ahead, with the FOMC and the Comex option expiration

Have a pleasant weekend.