As a general rule for navigating these troubled times, listen to what they say, but more importantly, watch what they do.

Stocks managed to extend their remarkable rally into the weekend.

VIX is now supine, and signalling a diminished regard for risk

Gold ans silver and the associated miners were under pressure most of the day for this option expiration of stocks.

And they rebounded into the close, as least by the bellwethers that I watch most closely.

The Dollar is hanging on to the 101 handle.

Have a pleasant weekend.

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