The financial spokesmodels were waggling their drooping pom-poms with all the vigor they had today.

And stocks managed to overcome their early losses and were able to move into the green in the afternoon after the rest of the world had gone home for the weekend.

The Dollar was higher along with Treasury yields.

Gold and silver were quite a bit lower intraday but managed to come back to slight losses.

I suspect we are positioning ahead of the futures contracts expiration for precious metals on Monday the 27th of next week.

The inventories of physical gold in the Comex warehouses in Hong Kong had fallen to lower levels.  So perhaps it was time to hit the metals and scrape more inventory out of the ETFs.

Have a pleasant weekend

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