Today was a quadruple stock option expiration in US markets. Stocks were initially smacked lower, but gradually regained most of their losses into the close.

Gold and silver were utterly hammered by the dumping of large numbers of contracts in their futures markets, with a fairly clear intent to drive the prices lower, breaking out of their recent trading range.

The US dollar did not do much. The Chinese Yuan did gain some in value against the Dollar.

Why did these things happen?

Today was a quadruple stock option expiration in US markets.Those who were playing leverage on leverage, that is, playing positions using stock options on mining companies or even paper gold pools were most likely feeling a bit put off.

Perhaps a stance supporting little to no regulation in the markets and in life in general might be reconsidered when one sees the abuses to which powerful insiders, aka 'market forces,' may engage. Some might say that history shows that this is the very reason why men and women combine to create a least some semblance of the rule of law, and not the rule of money and power.

Today was a quad witch option expiration in US markets.