Nine out of ten Americans who actually notice these sorts of things (which are not many) would have noticed that today was a decidedly risk off day in financial asset markets.

With distractions like political yahooism and the Kardashians who can spare the time for such arcane machinations? 

VIX took a leg higher to tag its 200-day moving average.

Gold and silver moved lower, and there will be a Comex option expiration on Thursday the 25th.

I still greatly prefer the higher ground, with a little dabbling along the shoreline here and there.

Buy I actually made money today in some select gold mining positions, go figure.  

All eyes and ears will be on Powell at Jackson Hole this Friday.

Why? Because although we are probably at après-bubble peak, the Fed still has the juice to keep it going or let it slide, at least for now.

At some point, an exogenous event will probably take their favorite toy away from the Banksters.

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