Loading ...Our SM in trouble too.
Gold and bonds are the only thing standing at the moment. Oil down .75% with a $56 handle. Bitcoin down another 2% or $2K. Dollar down some.
Gold up $20. Silver down $.35. Platinum and palladium getting pounded for 3% ea.
PM shares won’t be spared, unless this is viewed as a “buy the dip” moment. GDX is down 2% and GDXJ 3% in early trading.
Not sure what’s spooked the markets exactly. ZH has some rumblings about regional banks. Maybe it’s some banks that have been runover by the move in pm’s. Who knows?
It does look deflationary at the moment though. Fed will need to fire up the printing presses.
Never know, they might pile into gold and silver as the day goes on. Buckle up.