[rriley]

S&P Circuit Breaker stops trade at 2546.50: 193 lower on the day.

 

[bunkerbuster]

Yup, the market is taking a big down dump

https://www.msn.com/en-us/money/mar...-market-territory/ar-BB112FMf?ocid=spartandhp

The price of GOLD is also taking a beating.

https://www.kitco.com/charts/livegold.html

 

[S Roche]

Not sure why gold is taking a beating. Ive always thought of it as a safe haven when the market is getting killed. Looks like the USD is the only item showing some resistance

 

[6.8SPC]

Not sure why gold is taking a beating. Ive always thought of it as a safe haven when the market is getting killed. Looks like the USD is the only item showing some resistance

I think that many-many-many thought that "Margin Call" was just some silly joke.

When they buy securities on margin and the price drops they have to come up with more money or their position will be liquidated. So first they sell the easy stuff.........but eventually they have to sell the super safe haven stuff.

As we say when the tide goes out.......everyone can see who was swimming nude.

 

[Mere_Man]

Not sure why gold is taking a beating. Ive always thought of it as a safe haven when the market is getting killed. Looks like the USD is the only item showing some resistance

The USD is what the normies run to when they bail on stocks and bonds. The non-normie will buy gold/silver for when the USD goes tits up.