Stocks and Precious Metals Charts - Waiting For the Breakout, or Breakdowns

 

"And yet wisdom is justified by all her children.” 

Luke 7:35

 

"There are people everywhere who want to convince you of the wisdom of their opinion.  It is not the one who declares his viewpoint the most loudly or vociferously who is the wisest, but the one who is vindicated over time. 

Wisdom is not proven by argument or debate.  Wisdom is proven over time.  Some people adamantly proclaim that their opinion is best.  Regardless of how convincingly these people defend their viewpoint, time is the best judge of their wisdom. 

If you wait patiently, time will reveal the wisdom of your actions far better than you could through argument." 

Henry Blackaby, Wisdom Justified

The markets viewed the consumer inflation data this morning as a passing phenomenon, given the huge plunge in the economy last year, and the current revitalization with the vaccinations.

The big cap tech NDX led the charge higher for stocks, going out on the highs.

Gold and silver also advanced, finishing near their highs for the day,  but still just short of breakouts.

Let's see how we finish out the week.

Stock option expirations next week.

Have a pleasant evening.

Stocks and Precious Metals Charts - Lackluster Trade Ahead of CPI Tomorrow

 

Boring trade today, more like mid-Summer than late Spring. 

Although there are always room for shenanigans and antics intraday.

 Gold was off a bit.

Silver and the Dollar were up a bit.

Stocks put in some highs and then faded away into the afternoon. 

CPI tomorrow.   

Stock option expiration next week.

More thunderstorms were rolling over here today.

Poor Dolly crawled up under my arm in my chair and was shaking like a leaf.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Summer Wind

 

“There is nothing more deceptive than an obvious fact.”

Arthur Conan Doyle, The Boscombe Valley Mystery 

 

“La plus belle des ruses du diable est de vous persuader qu'il n'existe pas."
(The devil's finest trick is to persuade you that he does not exist.)

Charles Baudelaire

 

“Falsehood flies, and truth comes limping after it, so that when men come to be undeceived, it is too late; the jest is over, and the tale hath had its effect.” 

Jonathan Swift

 

Stocks were edgy again today, managing to hold their ground at the end.

Small caps were leaders, with the Russell 2000 nearing a new all time high.

Gold and silver were off a bit.

The Dollar was marginally higher.

The markets are looking ahead to the Consumer Price Index later this week.

And for what other reason?  

The Fed.  Mother of bubbles.

Have a pleasant evening.

 

Stocks and Precious Metals Charts - We're Having a Heat Wave - Temps de Folie

Stocks were a bit woozy this morning.

The SP 500 never really did regain its footing and finished slightly lower.

The NDX powered higher led by the biotechs.

Gold and silver were up a bit, actually going out near their highs after the morning lows.

The Dollar drifted a little lower, giving up the 90 handle, but by just a little.

Need little, want less, love more.  For those who abide in love abide in God, and God in them.

Have a pleasant evening.