Stocks and Precious Metals Chart – Then the Flood Came – Fed Underpins Global Financial Assets

from Jesse’s Café Américain

Stocks tried to reach a new high note again today, but fell back as the wanton disregard for risk failed to sustain the punters, and draw in more innocents to take the handoff of overpriced financial assets at the top.

Gold and silver continued to rebound after the calculated and fairly blatant price smackdown.

Even the spokesmodels took note of silver’s impressive rebound.

The dollar has drifted sideways.

And because of the increase in wickedness, the love of most will grow cold.

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