What a volatile and crazy day we've had. After peaking above $3500 about 36 hours ago, Comex gold has fallen over $200. However, Comex silver has rallied and finally today has broken through the $33 level and its 50-day MA.
And all of this ahead of tomorrow's Comex option expiration, too. Anyway, a lot to discuss but not a lot of time as I have fallen behind my self-imposed schedule.
First up, here's a ZH summary of Bessent's remarks today. He didn't really say much of consequence but it's worth looking over:...
