The saddest words in any language are those of irreparable regret, that come to haunt us in our last hours, 'If only...'

It was a risk on day in a big way today, as all the major stock indices ran up and out on new highs.

Optimism about China, and trade, and impeachment, and the economy all drove 'money on the sidelines' to try and 'catch up by investing' in risk assets at these bloated price levels.

If you were buying today it was not so much investing as banking on the greater fool theory and the quiet low volume markets in a trade-shortened week.

Gold and silver were lower, as befitting a major Comex option expiration.

We may get another gut check in the metals, given the quiet trading this week and the size of the December metals contracts.

Have a pleasant evening.

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