I have a list of 150 PM and JPM stocks that I have followed for years. There has always been a rough pattern to their trading. Today, it is very disjointed...unusual. Barrick Kinross, Newmont and Yamana are all down. Some of the JPMs are up...considerably. Many are neutral. This is the strangest trading pattern I have ever seen...more disjointed than ever before. It almost appears as though the computerized trading programs, the algorithyms, have somehow become disjointed or desparate. I detect a foul, wire coating smell in the air...a technical nervous system disorder of some sort...a short circuit in the offing.

What does it mean? I think it means things are coming apart. Something disjointedly nerdy is afoot. There are some coordination, communication and control problems, to say the least.

Are we having fun yet?