Given that we were coming off a big rally and given that the bond market sold off sharply and given that the POSX rallied, it's actually pretty surprising that Comex gold was only down $16 on the week. Better yet, the strength in copper drove Comex silver into the green and up 93¢. Not too shabby. Not too shabby, at all.

But now here comes next week with the next FOMC meeting, a Summary of Economic Projections and Jerry Powell press conference. In March Madness parlance, can we survive and advance?

For today, a thorough discussion of the day and week that was, combined...