The Federal Reserve meeting notes had barely hit the street before the selling began and it just kept on coming. If that wasn’t bad enough, there’s every indication that prices will continue to fall.
Gold was down $24.24 yesterday morning to $1,622.54 and silver dipped $0.80 to $31.83, leaving the silver/gold ratio right at 50.9.
The dollar surged against foreign currencies taking down other commodities, including crude oil, copper, platinum and palladium.
In fairness it’s not just the precious metals market in the dumps after the Fed comments; everything was down. Stock futures...