Stocks dumped today, as the wash and rinse continues, to the tune of mispriced risks and war drums.

Gold and silver soared, with the silver futures contract tagging 35 intraday.

Gold has clearly broken out, and set a new all time high.

There is no gold kilo report from Hong Kong, because the CME has decided that they had to close shop and leave town. Too physical for their papery tastes it seems.

VIX kicked back up a bit.

The Dollar continued to decline.

Tomorrow there will be an FOMC meeting with the usual press conference with Chairman Jay to follow.

The outlook is cloudy, with a chance of shenanigans.

I came in fairly short this morning, and then closed them out as the morning decline seemed to wane.I went into the day flat, no positions short term, and will wait to see what happens tomorrow.

Have a pleasant evening.

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