01 March 2022

Stocks and Precious Metals Charts - Risk Off - Haven Assets Rise in Flight to Safety

 

"Corporations have neither bodies to be punished, nor souls to be condemned, they therefore do as they like."

Edward Thurlow, Lord Chancellor of England 

 

“Through pride we are ever deceiving ourselves. But deep down below the surface of the average conscience a still, small voice says to us, something is out of tune." 

Carl Jung 

 

"Reality is that which when you stop believing in it, it doesn't go away." 

Philip K. Dick 

 

 "I'm not crazy about reality, but it's still the only place to get a decent meal."

 Groucho Marx 

 

The markets rediscovered the reality of things today, and took a trip downtown.

Gold, silver, and the Dollar all rallied sharply in a classic flight to safety.

Stocks went out low, but with a little bounce back at the end.

The metals closed out near the highs in what looked like a decent stab at a breakout.

Let's see if they can hold this, and build upon it.

And manage to weather the upcoming Non-Farm payrolls shenanigans.

Tonight will be the State of the Union Address.

I have included some background music below which you might play, or even cast to your TV, while  reading something enjoyable, informative, and relaxing.

Happy birthday to Chopin by the way.

Have a pleasant evening.