I was out with the queen for most of the day, cruising out to the Pennsylvania Dutch markets west of where we live, so it is just charts tonight. I believe that I have previously mentioned her own Amish heritage in Lancaster on her father’s side.
As I mentioned yesterday, I think the post-election stock move is running out of steam.
The metals were hit today, about as consciously and deliberately as we have seen this year. You can attribute much of this week’s move in the metals to the dollar crosses, and I have been including the DX charts as usual. But today was very conscious market action, slamming the metals and the miners down to support ahead of next week.
Next week will be a stock option expiration, and the week after the Comex metals option expiry.
This post was published at Jesses Crossroads Cafe on 11 NOVEMBER 2016.