Did anyone else see the cliff that the metals markets fell off today?
It was complete nonsense. The bonds were selling off and that money seemed to be going into the stock which were mostly up. Why that meant the metals had so much downward movement doesn't make sense considering the bigger picture. Gold ended down $27.00 and silver was down $0.50 per ounce.
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I'm not surprised. They probably fell because the Federal Reserve is manipulating the market.
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They have to do everything they can to prop up the dollar. As long as the stocks keep going higher, people might not pay as much attention to the fact that things don't look good for the dollar.
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Yeah, I don't think most people realize that in a global economy, that other countries are diversifying their reserve holdings. If this trend continues (like I think it will) the dollar is screwed!
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