Gold and silver were in a sharp recovery rally today, after the protracted smackdown related to the recent stock option expiration.

They both went out near the highs of the day. 

Yeah, Friday was the time to start buying slowly, and then put the pedal to the medal yesterday after the big stops-clearing dip.

Stocks traded weakly but managed to come back a bit in the quiet afternoon trade.

VIX popped and then fell back down in the afternoon.

The Dollar just chopped around and was nominally unchanged.

The Fed heads are meeting in Wyoming once again.

Now we know how many holes it takes to fill Jackson Hole.

It will be interesting to hear what Jay Powell has to say.  

Donnie is putting quite a bit of pressure on him, and the rest of the Fed governors.

Donnie has been buying a lot of bonds for his own portfolio. Hint.

Have a pleasant evening.

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