Stocks managed to eke out another step up in their rally off the recent bottom, compliments of a rosier than expected Non-Farm Payrolls Report.A stronger Dollar helped to push gold and silver lower, although silver managed to hold up a little better thanks to its correlation with equities.Gold has now retraced 50% of its most recent rally. Let’s see if it can find a footing.There will be an important meeting of the BRICs later this month, that may have implications for the precious metals.Have a pleasant evening.(Click on image to enlarge)
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Stocks And Precious Metals Charts – Rally Off The Recent Bottom
