Equities Getting Crushed Again; Metals Next
Interest rates are running higheras the Fed proves how worthless it is as they lose control. The game ofmanipulation is over, and the Fed is being backed into a corner. This is not anew story; the Fed has never been right in their exit and they are going to bewrong again.
The equities are gettingclobbered for the third day in a row, and the metals are struggling to staynear the unchanged level. Gold and silver are looking as weak as the marketsand should see some selling pressure. They are both down almost as much as theDow. The cryptocurrencies are getting pounded as well.
Rising rates are creating anopportunity for investors to put their money into fixed income and away fromthe risk of equities. This is once again proving that the metals are not a safehaven for equities but just a hard asset commodity that everyone should own. Wewill look to buy when this dip in metals finds support.
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