The Reserve Bank of Australia only raised rates by 25 bp this morning.

And the sages of Wall Street took this as a sign that Aussie is leading the world and that the Fed will shortly be following their lead.

I took it as a sign that we are approaching another sizable wash and rinse.

It does seem to be a recurrent play of our kleptocracy.

And so the spokesmodels and muppets cheered another glorious stock market rally.

The rally was broad-based with the Russell showing some team spirit.

Let's see what happened.

Gold and silver have rebounded sharply at least, after the heavy-handed price suppression into the recent Comex option expiration.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

More By This Author:

Stocks And Precious Metals Charts - Risky Business - Stocks Set New Low To End The 3rd Quarter
Stocks And Precious Metals Charts - Reaping The Whirlwind
Stocks And Precious Metals Charts - Our Broken Hearts