Stocks were hit by selling in the overnight futures, and that carried into today's cash session in New York.

Gold and silver were also hit hard as well, silver particularly hard. 

After a difficult morning session, the bulls took heart and found the traction to buy the big cap techs, once again, driving the NDX to finish in the green.

The SP gained back some ground but was weighed down by the Banks. It appears that the Street and Regulators were shocked, shocked! -- to find out the Banks are still laundering trillions in dirty money.

What a surprise. Serial felons are doing illegal but highly profitable transactions for which the punishments if you can call them that, do not nearly match the crimes.

Gold gained back quite a bit and has a pattern that might be seen as similar to a previous gut check down out of the trading range, which preceded a sharp rally to a new high.

Well, we will just have to wait and see how things unfold.

The physical gold inventories in Hong Kong remain remarkably light.

We will observe the first day of Autumn, and the Comex option expiration on the 24th.

Winter is coming.

Have a pleasant evening.

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