20 October 2011

Gold Daily and Silver Weekly Charts - Risk Off on Euro, Metals Hit As Usual



It was a 'risk off' day as euro jitters provided an excuse for a bear raid on metals, and weakness in stocks, particularly the tech sector.

The US Dollar Failed to rally, which all other things considered is remarkable.

Tomorrow is a stock option expiration day.

This is a difficult market. Be very careful if you must trade.







"Keep An Eye Out For Predators"

From light and composition and clarity I consider this an almost perfect picture.

All the more remarkable that it is a color slide taken on the Colorado prairie in the 1930's.

SP 500 and NDX Futures Daily Charts - Risk Off On Euro Concerns



Tomorrow is stock option expiration.

The US celebrated the lynching of Gadhafi.

Philly Fed came in much better than expected.

Microsoft met expectations after the bell.

Euro debt concerns are the 'Big Tickle.'