POG: Perhaps they have discovered all is not well in Camelot...US recovery, show me the money? A lot of volatility leads to gold being more appreciated. The uncertainty in the US is staggering, let alone their conflicts of interests which they actively trade on. Lets not mention trust.
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Stocks resumed their selloff Thursday, with the Dow dropping more than 200 points, as investors digested a batch of disappointing earnings reports and a handful of mixed economic data. The market also continued to gauge when the Federal Reserve might start to reduce its asset purchases.
(Read more: S&P could trade at 1,900 'relatively easily': Pro)
The major indexes are posting their biggest two-day losses since June. Meanwhile, the 10-year Treasury yield jumped to 2.82 percent, its highest level in two years.
"A lot of uncertainty creates volatility," said Todd Salamone, director of research at Schaeffer's Investment Research. "We had some bellwether names with disappointing earnings, and economic data that sparked tapering worries. We also broke below a support level on the S&P 500 at 1,685, which is the level where we entered August and the peak back in May."
Go gold, and lets see the likes of the companies which have good gold in the ground and more to come, like AMX, GRY etc...get some more financial recognition.
AMX Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
