If today was the fourth Friday in June then this must have been the annual rebalancing of the Russell 2000.

And so about 40% of the daily volume in equities came in the last five minutes of trading.

Gold and the dollar finished higher, while silver slumped a little with stocks.

VIX remains comparatively complacent.

Next Tuesday the 27th will be a precious metals futures option expiration on the Comex.

Have a pleasant weekend.

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