After some early weakness US equities, led by the story stocks, went on a tear to new highs.

This bubble in valuations is going to leave a mark when it falls back down to the mean.

Gold and silver took another morning hit, in the market's version of Groundhog Day.

There will be an FOMC decision next Wednesday, and a Comex option expiration for the precious metals on Tuesday.

The earnings reports will be rolling out as well, with an emphasis on the big tech names.

Have a pleasant weekend.

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