There was a general sell off in stocks the day after the end of month tape painting driven largely by very negative economic data. Friday is the Non-Farm Payrolls with a consensus that has been around 170,000. ADP came in very short this morning so the market became tense.
Initially silver held up fairly well and gold even rallied on a flight to safety, but a concerted bear raid took the price down back down again. Silver in particular took a calculated late day short at driving the price lower.
There was some general intraday commentary here on the coming break in confidence in the US markets and a likely drop in the US dollar if foreign holders experience revulsion at the corruption of the management and reporting of the currency.
