It looked like the revenge of the interest rate chicken-hawks this morning as stocks and the metals were plunging.

But tomorrow is a quad witch option expiration, so this was just another algo-driven, bankster smash and grab as part of the ongoing transfer of wealth from producers to the financiers.

Gold and silver set a fairly impressive low early on, which most likely had a harrowing effect on those option holders in the miners and metals.

Same with the major stock indices.

But voila, as the day wore on the rinse to a new wash with higher highs in equities, and a recovery in the metals with a sharp decline in the Dollar, doulour du monde.

And so we shamble on into the quad option expiration tomorrow.

Have a pleasant evening.

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