So far there is not much of a bounce.

1265 Gold is still a descent place to look for a bounce, however
we are going to wait to buy and hold for a longer time frame trade.

The simple reasoning is that this looks like it needs some time to play out.

Below 1265 you could get another 200 dollars lower in the Gold,
and the Silver needs price action above 20.50 to signal a low.

Silver has the potential to trade into the $14 area by not holding in here.

So yes, I want to be very very patient!

When markets de lever they can go farther than you think.

It will be a time frame trade the rest of the A.M. We are waiting to see if the markets can hold in here ( meaning London is done puking) or this direction continues into and through London’s close.

Equity indices expire today @ 3:15