Stocks and Precious Metals Charts - The Wash and Rinse Continues

The underpinnings of the equity markets is froth.

 And so we should not be surprised at its apparent instability.

Speculation can only go so far, and then retreats with all haste in the face of its mispriced assumptions.

But greed turns to fear and fear back to greed, so the wash and rinse will continues.

The easy money in this bubble has been made. 

Stocks plunged but managed to claw their way back to unchanged at the close.

Gold was up a bit along with the Dollar.

Silver showed some sympathy with the market weakness. It often does.

The VIX rocketed and then backed off with the bounce in stocks.

Is this the wash-out that ends what is a normal and customer correction in a bull market?

Are you feeling lucky?

FOMC on Wednesday.

Precious metal option expiration on the COMEX also on Wednesday.

Have a pleasant evening.

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