Since gold and silver are about  as oversold as they are going to get and the turmoil in treasuries and repos etc. is likely to add to some type of action by the FED, better to take a small position, if you are not already in. Don’t know if Powell and the FED will leak his remarks early or announce something before his actual Noon appearance but the downside is limited and the upside more likely to be dramatic for at least the short term. So, even if no new policy initiatives are actually implemented before the March 16-17 FED meeting, it is quite likely something is either pre-announced or at least hinted at by Powell today.