As a reminder, tomorrow is a stock option expiration.

Stocks attempted to continue their rallied, but failed. And the major indices went out on the lows.

Gold and silver were rallying, but lost ground into the late afternoon trade.

But gold has held on to its breakout from the big symmetrical triangle. It needs to punch up through the overhead resistance on the charts to confirm it.

Stocks are continuing a trend of lower highs and lower lows.

This is not constructive to the bullish case being touted by the Wall Street talking heads to the spokesmodels head-bobbing agreement.

People tend to hear and forget what is going on, preferring to lose themselves in the slogans and passions of the moment.

It is like we have the situational awareness of goldfish.

Well, so much the better for the privileged few.

Have a pleasant evening.

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