Gold and silver continued to rebound from their recent price manipulation tied to the Non-Farm Payrolls report and the holiday week in China that saw their own precious metals markets closed.

There will be an FOMC decision this Wednesday.

I doubt that they will do anything about rates. There *might* be some verbiage adjustment.

The metals are getting short term overbought and so they may also be vulnerable to some kind of profit taking retrenchment.  

But the steady buying of physical metal in the overseas markets is going to be difficult to overcome in the short term.

Stocks were wobbly today again, but not exceptionally so...

The small movement in VIX suggests a decided lack of fear in the selling.

That could change on a dime, given the geopolitical event risks.

Let's see where the metals go.

Have a pleasant evening.

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