Another ranging day in the markets. 

This is a sign that the markets are nearing a trend turn, probably linked to a taper in the abundance of cash and liquid assets being delivered by the Fed to the Banks.

Gold was up a bit, silver was almost unchanged, after another test of lower support.

There will be more inflation data this week, with an eye to the next FOMC meeting.

There will be a quad witching option expiration on Friday.

Have a pleasant evening.

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