Stocks and Precious Metals Charts - Lack Hawk Down

The Richmond Fed's noted rate hawk and serial dissenter Jeffrey Lacker resigned today as a result of an investigation into a leak in 2012 of confidential information to an analyst that sells hard to get information to wealthy subscribers.

The guest commentators, talking heads, and spokesmodels were attributing this resignation, or faux pas if you will, to an inadvertent slip by one of their own who is burdened with managing the finances of the US.

They kept mentioning that they do not wish this incident to diminish the public's confidence in the FED. I guess fomenting serial asset bubbles and enabling historic financial inequality through hare-brained policies is not enough. LOL

Stocks finished largely unchanged.

The precious metals took a crack at overhead resistance today and then fell back down into the afternoon somewhat, closing marginally higher today.

Have a pleasant evening.

Stocks and Precious Metals Charts - One Step Enough

Just another day in the oligarchy.

There was an intraday note about the returns of stocks and precious metals year to date posted here.

Matt Taibbi had a nice article today titled Putin Derangement Syndrome Arrives.

Well, hysteria is to be expected when the privileged in politics and the media feel as though their privileges are at risk.

Have a pleasant evening.

First Quarter Returns on Stocks and Precious Metals - Hi Yo Silver

The higher beta (volatility) assets outperformed in their class in the first quarter of 2017.

Gains were led by silver and big cap tech in the Nasdaq 100 at 14% and 11% respectively.

Gold gained 8.6% and the broader SP 500 came in at 4.8%.