Stocks And Precious Metals Charts - Market Liquidation

Pretty much everything was sold today, as market participants were hitting the exits in a surprisingly orderly manner.

Even the Dollar, which has been a bulwark, was largely unchanged on the day.

Stocks were just battered, setting new 'second lows' in the process.

The SP 500 closed a fairly old but significant gap on the chart as indicated.

Gold and silver were beaten with ugly sticks.

Let's see if we need to have a selling climax to calm these markets down or some unexpected news.

The instability of the markets, the weak foundation of their valuations, are now apparent to all, as we had suggested.

If you are on higher ground you might breathe a sigh of relief and give thanks.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

Disclaimer: These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.