Tweet
A quick look at a post on Mish's blog today:
http://globaleconomicanalysis.blogsp...r-yet-did.html
Shows all the metals down except Gold. At the same time we saw a "flight to safety" in the dollar, and dollar bonds.
My takeaway? The rest of the world does not really care much about platinum or palladium as investments, silver is a dual purpose metal, but gold shines above the best when fear is in the air. And there certainly was fear in the air today.
BTW, I hope Mish is right about Fisher ringing the bell today for personal reasons...
http://globaleconomicanalysis.blogsp...r-yet-did.html
Shows all the metals down except Gold. At the same time we saw a "flight to safety" in the dollar, and dollar bonds.
My takeaway? The rest of the world does not really care much about platinum or palladium as investments, silver is a dual purpose metal, but gold shines above the best when fear is in the air. And there certainly was fear in the air today.
BTW, I hope Mish is right about Fisher ringing the bell today for personal reasons...