16 April 2021

Stocks and Precious Metals Charts - Mavens of Complexity


The Lord has told you what is good,
And what it is He requires of you;
Live with justice, love with kindness,
And walk humbly with your God.

Micah 6:20

Like so many things the message to us is clear and simple.

But we like to complicate things, to overwrite creation with our willfulness and pride.

This false complexity is the very hallmark of a fraud.

Interesting stock option expiration.

The lower yield of treasuries has caused the dollar to weaken. 

Gold and silver have run up to key overhead resistance.

They need to go the next step higher in order to confirm a bottom and rally.

We may see some backing and filling, first, and perhaps a test of the precious metals bulls' resolve.

Gold and silver are now trading like currencies.

Have a pleasant weekend.