Stocks And Precious Metals Charts - King Dollar Rallies - Comex Metals Option Expiration

Stocks opened higher, but were a bit wobbly most of the day.They managed to rally back into the close, ending up largely unchanged from the close last Friday.

The US Dollar was rallying from the overnight and hit a new high for the year. It is still within a longer term trading range however.

Despite what Larry Kudlow might say about the benefits of a stronger 'King Dollar', an unusually strong currency acts like a tax or tariff on a nation's exports, and a subsidy on its imports. 

This is hardly what might support the grand plans for the renewal of American's economic growth. But it does favorite financiers for whom the dollar currency is an instrument of advantages.

Gold sold off almost one percent.Silver fell a full three percent, giving back the gains from last week, losing the 17 handle in the process.

There will be a Comex precious metals option expiration on this Wednesday, 25 April.

(Click on image to enlarge)

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

(Click on image to enlarge)

 

None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.