Stocks and Precious Metals Charts - FOMC Rate Decision

There is a serious imbalance in the American financial and political system, which is going to be affecting the rest of the global economic structure.

When that cancer exhibits, it will be past time to hit the exits as best as one may manage.

There was an August gold contract option expiration on the Comex today. Silver was not directly affected.

Gold moved lower with the dollar rallying higher.

Silver gained back some of its recent losses, which was a little surprising considering the strength of the Dollar and the weakness of equities. 

And yet, there it is.

Perhaps this highlights the artificial, 'technical' nature of the some of the recent declines driven by the oversized, predatory positioned bullion operators on Wall Street.

FOMC rate decision tomorrow. The market is expecting a 75 bps increase in the benchmark.

Stocks seem to be approaching a short-term oversold condition.

At this point, events will weigh heavily on the markets, which themselves are possessed by a greater than usual volatility, both up and down.

Have a pleasant evening.

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