Stocks and Precious Metals Charts – Tesla the ‘Story Stock Deluxe’ – Precious Metals Soar as Dollar Dives

from Jesse’s Café Américain

This was another typical sleepy summer day of trading.

Silver and gold continued tearing higher, with silver firmly planting its price flag over 23.

The US Dollar gave up the 95 handle, finishing on the DX Index around 94.92.

After the bell the big tickle was Tesla reporting its financial results.

Chipotle and Microsoft also chimed in.

But Tesla is a ‘story stock deluxe.’

It is running on momentum now. And has achieved a valuation bubble accepted only by pure cynics and true believers.

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