The Markets Continue to Thrash About, Volatility Jumps
*Earlier today, OPEC announced they were unable to reach an agreement. Oil prices plunged and are down over 8%.
*Gold spiked to $1690.70 on the better-than-expected payroll numbers (273,000 vs. 165,000) before reversing sharply after 10:00 AM. Prices plunged t0 $1642.40 before bouncing (currently $1665).
*Miners and silver dropped dramatically with gold as Treasury yields surge to fresh lows.
***It’s a great time to be in cash – I see some excellent deals brewing. I continue to hold and add to my long-term core holdings.
Have a great weekend!