I am in full wait and see mode this a.m. We would expect to see a 2 way trade today with both buyers and sellers taking their turn trying to gain directional control of the stock indices. Investors should either be fully hedged,out of longs,or outright short the stocks.

We are short the stock indices and short Aussie Dollar.

Silver should have support around 38.20 ish the first time down. This is a good place for a bounce.