Markets swoon
North American markets are selling off with the S&P 500 down 1.03% and TSX tumbling 1.16%, hitting a 20-month low.
Gold is actually having a good day. Spot gold is up $21 to $1150 per ounce. Silver is at $15.55 oz.
Crude oil is at $41.41 a barrel.
Copper is at $2.33 per pound.
Factors weighing on the markets are the decreasing likelihood that there will be an interest hike by the U.S. Federal Reserve. China is also a concern.
Creative Commons image by Damian Morys
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Comments
Gene Byrge
The prices are beginning to align themselves with reality. Since gold is grossly undervalued, it is headed for higher heights. Care for a ride?