1:05 pm PST. Exciting day. Gold dropped steeply at the open this morning and I added to my gold positions. Going into the Fed announcement the mining shares started to pick up and I started scaling out of positions and then exited all my gold positions post Fed. Gold then dropped down to 1239. Whooo!

FXY did not close the gap down again! FXY is now tagging the lower trendlines. Gold also is just breaching a lower rising channel trendline. SPY looks like it might want higher. I saw a bunch of gold and bond prints today in the dark pool. Very active institutional trading today. We closed below both the gold and the bond prints.

Just when I thought silver could not break down any further. Whoo, silver.