The markets opened up down and are slowing trying to fight their way back. Precious metals and treasuries are moving up and hold well. The overall optimism that has driven this market continues to drop which leads Chris to think the selloff will continue in one of two ways. Chris also thinks that it is a matter of time before gold breaks it’s upper resistance at $1,260 which has been a tough level to crack the last couple weeks. Overall the biggest takeaway is that Chris does not see many scenarios where this selloff turns around quickly.
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