It was good timing. Gold futures peaked at $1362.60 about 20 minutes ago and are now off that by $20. Make that $40 now that I’ve finished typing.
S&P were about $5 off limit down and finally turned around. Looks like the panic might be over. I think $2000 will have quite a bit of support. It’s gonna be a long night. I’ve been in and out 3 or 4 times.
This is way more than I expected, though I also suspect it’s pretty temporary. They’ve got 2 years to figure it out. But this is how the market reacts when low information voters rule. Expect the same thing on November 9 if Trump has any chance. Businesses deal quite well with uncertainty. The financial markets, not so much.
