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Rollercoaster Ride For the Metals and the Miners
25
@handofzara
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Gold dipped early down to $1706.35 and then clawed its way back up to continue solidly sideways.
Silver got smacked down to $17 and then clawed its way back up to what appears to be a neckline in a head and shoulders pattern. (The thing about H and S patterns is that they are best viewed in a mirror).
The miners briefly broke below the Bollinger band and fought to try and regain the 18 day moving average.
The stock market had a wild ride today.
The DOW was down several 100 points when the FED announced that it would buy massive amounts of Corporate Debt. POOF the Crash is Off!
Article: https://www.zerohedge.com/markets/stocks-soar-green-algos-panic-buy-old-news-fed-will-buy-corporate-debt
Peace out and Stack on!