Chairman Powell and His Merry Prankster gave the markets the easy policy high sign today, and they responded with bullish vigor.

The SP 500 and the NDX went out on the highs and all-time highs at that.

Gold and silver headed north like rockets, and pretty much kept quite a bit of the gains.

VIX plummeted.

The Dollar plummeted.

This was not so much a risk on trade as a 'what risk' trade.

And this was a bit puzzling because the Fed overall raised their outlook for inflation and growth of the economy, but did not touch their projected three rate cuts.

It may not happen tomorrow or Monday, but I suspect fairly soon the markets will also take a closer look at this apparent mismatch, and then the next rinse may commence.

I made some nice coin today so it's not so much that. It's just that I wouldn't care so much if I were watching this trainwreck unfolding from a much further way off. 

What the US has been doing to Julian Assange, through their servants in the UK et al. is a shameful and thuggish violation of everything it is supposed to stand for.

That the corporate media largely ignores this shows how worthless and unprincipled they have become. 

 Geopolitical risks are boiling, with the Neo-con chicken hawks running amok.

Wake up, Joe! You might blow this next election, or just barely squeak by. Some legacy.

Have a pleasant evening.

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