Stocks were weak in the early going, but caught quite a bid after the release of the Fed minutes. The Fed is determined to keep raising rates, but made sufficiently dovish noises to make stock punters feel frisky.

This is no surprise here, because the Fed is raising rates to give themselves some room to perform policy actions with rates when this latest asset bubble which they have created implodes. And it will.

The Dollar also was higher, bumping up against the 94 handle. 

Surprisingly enough gold not only held its ground but moved a little higher. It had a funny little dipsey doodle in the early going which is a classic trading move designed to shake out the stop loss orders.

Tomorrow is an expiration for precious metals on the Comex.

Need little, want less, love more.

Have a pleasant evening.

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