Large pools of capital, as in tens if not billions of dollars, are moving away from paper assets to hard assets.

The world's largest private holder of physical gold is Tether, with 80 tons worth approximately $8 billion.

The universally hated and beaten down U.S. dollar refuses to fall further despite all that it’s thrown at it. This is exactly the kind of behavior that we see at major bottoms.

The Dow Jones Industrial Average is down triple digits midday, while the Nasdaq Composite Index and S&P 500 Index sit on either side of breakeven after earlier notching fresh record highs.

It’s Thursday, which typically means it’s time for the weekly initial and continuing jobless claims update. As we all know, the Federal government has shut down, because there is no budget for this fiscal year that began yesterday.