Stocks and Precious Metals Charts - I Remember Mama

 

“When the child must be weaned, the mother too is not without sorrow at the thought that she and the child are separated more and more, that the child which first lay under her heart and later reposed upon her breast will be so near to her no more.” 

Søren Kierkegaard 

 

Janet Yellen walked back some of her interest rate related verbiage that had roiled markets earlier this week.

It just goes to show how skittish the markets are at these valuations in the context of our current circumstances and uncertainty.

Gold was up a bit and silver was nominally unchanged.

The Dollar chopped sideways.

The SP 500 moved up a little after giving up most of the day's gains.

Big cap techs drifted lower.

Traders seem to be holding their breath, waiting for the Non-Farm Payrolls report on Friday.

This is a Fed subsidy dependent market, waiting to see if an organic recovery can take hold.

And thereby it can taper off its support and wean the market from its artificial dependency on expansive monetary policy.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Back Off

 

Gold and silver backed off a bit today from yesterday's high note. 

The Dollar took back the 91 handle. 

The SP and NDX both fell, at one point rather sharply. 

 But they did managed to finish off the lows. 

Non-Farm Payrolls on Friday. 

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - Hi Yo Silver, Away!

 

"If you pray and love, that is where happiness lies." 

John Vianney 

 

Gold and silver rebounded sharply higher from the end of month boogie woogie of last week. 

Stocks were mixed with the SP 500 higher and the big cap tech NDX lower. 

The Dollar declined giving up the 91 handle. 

Chairman Powell threw a damper on the speculation about higher interest rates that the trading desks were pushing (for their own purposes) last week. 

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

It was a bit cooler today, so I spent a good part of the afternoon hanging out with Pete Moss and friends in the garden.

Have a pleasant evening. 

 

 

 

Stocks and Precious Metals Charts - Reversals End of Month

Stocks retreated today, the last day of April.

Gold and silver moved lower.

The Dollar was sharply higher.

The VIX rose.

It looked like a day of reversals.

The talking heads were making noises about inflation.

There will be a Non-Farm Payrolls report next week.

Have a pleasant weekend.