07 July 2021

Stocks and Precious Metals Charts - Markets Wilting in the Summer Heat

 

The Fed Minutes today sent, or perhaps reinforced, a message of interest rate dovishness to the markets.

Stocks managed to hold some further gains, although the NDX big cap techs are appearing a bit stale.

Gold pushed up and managed to hold its gain.

Silver took a bit of a further decline.

We are in summer trading now, although it was a bit more lively as more senior traders came back from holiday.

The weather in the Northeast has been brutally hot, and even a wave of fairly impressive thunderstorms failed to cool things off.

Have a pleasant evening.