Stocks had a mixed, wide ranging day.

Gold and silver rebounded sharply and went out near the highs.

It must be the day before a stock option expiration.

VIX continued to fall, expressing the general 'what me worry' stance amongst those who manage other people's money.

The Dollar fell back a bit.

Trump gave a speech to the Arab world repudiating the whole 'make the world safe for democracy by nation-building' stance of US foreign policy.

In other words, he is signalling a reordering of US interests in place since Bill Clinton, although actions will speak much louder than words.

After all, he's a salesman, and he's talking his book to make deals for the moment. 

There is a lot of power and vested interests stacked against any change.

This might be an interesting weekend.

Have a pleasant evening.

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