08 December 2021

Stocks and Precious Metals Charts - Stocks Need To Make a New High

 

"And there appeared a great wonder in heaven; a woman clothed with the sun, and the moon under her feet, and upon her head a crown of twelve stars." 

Revelation 12:1

 

"Kneeling beside the much enduring bond-woman, he experienced those holy mysteries as he had done in his youth.  He seemed able to feel all it meant to her to know that there was a kind woman in Heaven, though there were such cruel ones on earth.  

Old people, who have felt blows and toil and known the world’s hard hand, need, even more than children do, a woman’s tenderness."

Willa Cather, Death Comes for the Archbishop


Stocks swung in a range today, but managed to finish slightly in the green.

After yesterday's strong rally they are back once again within range of the all time highs.

Stocks need to make a new high to keep their bullish momentum going.

So the markets will be watching the CPI data on Friday.

The Dollar fell, and is back in the middle of the 95 handle.

Gold and silver were up slightly.

Have a pleasant evening.