Stocks And Precious Metals Charts - 'Flight To Safety'
Stocks were hit with selling this morning, and it lasted in varying degrees throughout the day.
The Dollar rallied in a 'flight to safety' as the VIX rose higher.
Gold and silver were hit early, but silver shook it off and finished roughly unchanged.
Gold dropped a little. It had the more significant option expiration yesterday, and this may have been the expected 'gut punch' that often follows a major expiration.
Gold was moving in and out even-handedly in the Hong Kong warehouses yesterday.
We'll be getting some GDP data tomorrow morning, and PCE inflation on Friday.
We had some storms roll through yesterday and they brought cooler weather in the 70's with a welcome breeze.
Have a pleasant evening.
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