Bernie Sanders on the State of the Union

"No society can surely be flourishing and happy, of which the greater part of the members are poor and miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged."

Adam Smith, Wealth of Nations

Stocks and Precious Metals Charts - FOMC

Today was a strong performance for the metals.

The February contracts for gold and silver have started changing hands. The details reports are below.

The stocks continued to show some weakness possibly due to rotation and profit taking.

Facebook missed some key metrics which helped to dampen the FANG gang.

Non-Farm Payrolls on Friday.

Have a pleasant evening.

Stocks and Precious Metals Charts - Tremors

Stocks continued selling off overnight in the Asian and European markets, and US stocks followed the course scraping another layer of foam off the prices.

Volume today was 20% greater than the 20 day moving average. So this sell off had a little force behind it, which is not usual of late.

The VIX is now back to a fairly high level by current standards.

However, there was no 'flight to safety' and little panic in the air.  The US Dollar lost its gains from yesterday, and gold did not catch a bid.

The FOMC will be announcing their rate decision tomorrow. I may be out of pocket in the afternoon and the close of trade tomorrow, and will probably either not post, or put out something late if things get interesting.

Trrumpolini will be giving his State of the Union Address tonight.

There will be a Non-Farm Payrolls Report on Friday.

Have a pleasant evening.