Stocks were bubbling higher, floating up ahead of the FOMC decision tomorrow.

The Dollar chopped sideways.

VIX plummeted.

And gold and silver were nailed from first thing in the morning.

Given their recent gains a stiff correction was probably well in the cards, especially with Fed Day approaching.

But still, it underscores the problem with applying the rules of bull stock markets and market-driven commodities to the precious metals markets, which is a rat's nest of hidden leverage and manipulation of prices more in keeping with a currency.   

I expect the Fed to raise 25 bp tomorrow, but then to potentially say something idiotic and self-serving to the favored few.

So let's see what happens.

Have a pleasant evening.

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