The large caps sure acted like a bunch of puppets today with some unseen puppet master making them all dance in unison. All but a few began to sag around 10:30 in the morning, a couple picked up a little around 2, and then they all headed for the floor around 2:15, Bernanke time. And rather convincingly I might add.

Barrick

Goldcorp

First Majestic

Newmont

Hecla

I Am Gold

Kinross

Newmont

To make matter worse, most, if not all, also showed a large increase in volume. Hecla and IamGold, for example, both doubled to over 6 million shares vs a daily average of 3 million plus. I wonder what that means. .

Even though a couple majors ended up on the day, the same chart pattern was there.

Looks like some pre-determined signal, take your pick, was flashed, especially this PM, and the puppet master and his algos or whatever swung into action at that 2:15 signal. It sure wasn't Joe Six-Pack pulling the strings.

What bothers me is the noticeable pick up in volume down the line as the prices sank. I wonder what the message is that's being sent.