Stocks managed a bounce today in what was otherwise another wide-ranging day.

The dollar chopped sideways, at a lofty 108+ handle.

Gold and silver managed to edge higher.

The VIX dropped.

Tomorrow is an option expiration for precious metals on the Comex. Contract-wise it is more significant or silver than gold, but that may have little effect with those who manage the markets.

Jay Powell is speaking at Jackson Hole Fed Symposium on Friday, and the markets seem to be hlding their collective breath ahead of that performance.

I have never been to Jackson Hole or Wyoming.

But I used to really like taking the family on a road trip in the early autumn to visit the Skylands Resort on the Blue Ridge Parkway. We would look at the leaves, make side trips to various attractions around the area, and day hike sections of the nearby Appalachian Trail. 

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