Shanghai just opened for trading. The index is down another whopping 6.5%. Japan is down another 2%. Europe opens in a few hours.
Where do we go from here? It looks like we’re headed for another down day given the Asian opens. At some point, the Fed is going to give up and announce a new QE4. It is at that point that gold will skyrocket as everyone realizes that QE will never end, not before the dollar is fundamentally revalued down.