Stocks had a wide ranging day, with the SP futures doing the heavy lifting.
But alas, the markets did not seem to want to go into the US’ three day weekend holding the longer side, and so stocks went out lower to unchanged.
Gold and silver lost some ground, largely because of a relief rally in the US Dollar, which took back the losses from yesterday.
There will be an option expiration for the precious metals on the Comex next Thursday, 22nd February.
Monday is the Presidents’ Day holiday in the US, so the markets will be closed.
It was a drizzly, sleepy day here with temperatures still hovering in the mid 50’s. It is supposed to get much colder for the weekend, with 2 to 6″ of snow forecast for Saturday evening.
Please remember to feed ‘the least of these,’ especially during the harsh winter weather.
Have a pleasant weekend.
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