The precious metals were hit on the first day of a two day FOMC meeting. How unusual. NOT.
Let's leave the speculation aside until Benny tells us what is on his mind in the announcement and his press conference afterwards.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception