It started as a 'risk on' day with stocks surging higher and the havens lower.

But by the end of the day stocks were back to about unchanged.

Gold and silver recovered much off their intraday lows, and were just a bit lower.

The Dollar slid lower again.

I suspect markets are trying to anticipate the next two days of testimony by Fed Chair Jay Powerll to the US Congress.

So 'positioning' with a little wash and rinse thrown in. How could they resist.

Big Jobs Report on Friday.

FOMC meeting coming in March.

Have a pleasant evening.

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