Stocks and Precious Metals Charts - Risk On - Dollar Slips off the 90 Handle

 

"Those entrapped by the herd instinct are drowned in the deluges of history.  But there are always the few who observe, reason, and take precautions, and thus escape the flood.  For these few gold has been the asset of last resort." 

Antony C. Sutton

 

Stocks overcame some early weakness, and then it was all systems go, led higher by what else, big cap tech. 

Gold and silver edged higher. 

The miners caught a little of the afternoon stock rally wave. 

The Dollar gave up all of its late day rally from yesterday and the 90 handle. 

Stock option expiration tomorrow. 

Comex expiration next week. 

Have a pleasant evening. 

 

Stocks and Precious Metals Charts - There and Back Again - Volatility and Shenanigans Abounding

 

Stocks had a wide ranging day. 

They managed to finish largely unchanged. 

 Gold and silver also followed a similar script.

As did the VIX.

The Dollar was higher.

There will be an option expiration on Friday.

It was another unseasonably warm day here today.

Great for getting those outdoor choires done.

Barbeque for dinner.

Have a pleasant evening.

Stocks and Precious Metals Charts - Down Into the Close

 

Gold and silver paused today, consolidating their recent gains. 

 Stocks seem to be doing the same thing, and even gaining a bit of ground. 

But some selling crept in during the late afternoon.

And the selling started to accelerate in the last hour, with stocks going out on the lows.

Stock option expiration on Friday.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - Who Let the Dawgs Out? - Gold and Silver Rally Higher

"Gold has worked down from Alexander's time.   When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."

Bernard M. Baruch 

 

"You have to choose between trusting to the natural stability of gold and the natural stability and intelligence of the members of the government.  And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold." 

George Bernard Shaw

 

Stocks were off again today, but gathered themselves and managed to take back quite a bit of the losses in the afternoon.

But gold and silver were the real surprise today, bolting higher and never looking back.

Who let the dawgs out?

Both metals smacked up through overhead resistance, and managed to take it up to the next key level.

My favorite silver miners were the stars on the board, gaining 10-15%.

Not bad for a day's work.

There will be a stock market option expiration this week Friday.

Comex precious metals option expirations next week.

Let's see if the metals can hold their ground and move higher.  

Or not.

Have a pleasant evening.