Stocks And Precious Metals Charts - Metals Hammered On Comex Option Expiration

It was looking a bit grim this morning as stocks were set to open up quite a bit lower.

And then Trumpolini threw out a major news distraction in the press discussion following the announcement of a limited trade pact with Japan.

"U.S. President Donald Trump said on Wednesday that a deal to end a nearly 15-month trade war with China could happen sooner than people think and that the Chinese were making big agricultural purchases from the United States, including of beef and pork.

“They want to make a deal very badly... It could happen sooner than you think,” Trump told reporters in New York. Trump said later after trade discussions with Japanese Prime Minister Shinzo Abe there was a good chance of reaching a trade deal with China.

He said China was trying to be nice to him and added to reporters: “I was nice to them.”

Reuters, Trump says trade deal with China could happen sooner than people think

And so the Dollar and stocks were off to the races. What great news! Who can argue with that?

Gold and silver were just hammered on the Comex October option expiration. What a coincidence.

I hope you were at least prepared a little for this nonsense. I did mention it several times.

Better if you ignored the whole thing really, and just got right and sat night and ignored all the madness and concurrent goofiness.

There is a bull market in cognitive dissonance. And bullshit. People believe what they wish to believe.

Have a pleasant evening.

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