News of scheduled talks between China and the US in October, a better than expected ISM Service Index number, and a stronger than expected ADP Private Payrolls report combined for a massive reversal of the risk-off trades into safe havens.

Bonds and gold and silver were sold, stocks were bought en masse, and shortstops were run with aggressive abandon.

Something had for the banks who were holding bleeding short positions, to help get them off the hook. And this is just the group of crony capitalists and lowlifes to do it.

And so it is, and not one thing has changed.

But we were overextended in some of the safer assets, technically speaking. The recent run-up in silver had me concerned, especially when the usual suspects came out this week with their gleeful calls of silver to $50 and gold to $10,000.

And the wiseguys love this environment where the SEC and CFTC are asleep at the switch, and the pigmen are private labeling and branding the swamp.

Do as you will, believe as you wish, but own the consequences. And you most certainly will own them in the long run, whether you realize it or want to or not.

I had been laying back in cash for my short term trading and filled up some of the empty position slots during the day.

Better for most to take an unleveraged position, to get right and sit tight, and to stop reading the clickbait sites that seek to stir up your emotions, your fear and hate and envy.

Have a pleasant evening.

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