Late last night stocks took a decided turn lower.

The Dollar started slumping around 4 AM.

And gold ralllied sharply.

Silver, along with a few other key industrial metals, turned lower in sympathy with stocks.

As I have mentioned a few times in the past, when I was during multivariate regression analysis of the precious metals and other things, it was apparent that unlike gold silver has about a 50% sensitivity to economic conditions.

The VIX is very rangebound.

My gut hunch is that today was just some preliminary shenanigans ahead of the stock option expiration on Friday.

I didn't see any particular news. But I may have missed it.

Stock option expiration this Friday, and a Comex precious metals option expiration next week.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

More By This Author:

Stocks And Precious Metals Charts - The Metals Rally
Stocks And Precious Metals Charts - Economic Weakness
Stocks And Precious Metals Charts - The Dollar Continued To Decline