The 'highly anticipated' Fed minutes came out at 2 PM and basically added nothing new to the conversation given the recent speeches by Fed heads Bulland and Mester.

 Stocks were meh, although the NDX showed some strength all things considered.

But not to waste an opportunity, gold, and silver were lower as the Dollar edged higher.

And I am shocked, shocked, that silver got smacked down after the seemingly uncorrelated rally.

 As noted in yesterday's commentary.

"Silver was the standout, rallying up for most of the day, contra just about everything. We have an option expiration for silver on the Comex coming on the 23rd.Forewarned is forearmed."

Have a pleasant evening.

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