Options expiration activity used to mostly occur on expiration Friday. With the newer products, some that expire on Friday's open, the rollover to the next month often takes place on Wednesday. Stocks, gold, silver all had a wild ride, ending lower.
Intel's earnings miss, made for a lower open. The quick rally raised hopes for a stock rally day.
GLD got hit hard, and GDX even harder. This is normal bull market action, quick, sharp selloffs. As always it is price action that defines whether this will remain a bull market.
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