Precious Metals Correct

Monday, stocks rose 0.4% in Asia, ended little changed in Europe, and fell 0.4% in the U.S. on 13B shares traded. Precious metals and their miners plummeted over 5% as the CME tightened margin requirements.

Tuesday, stocks closed unchanged in Asia, gained 0.6% in Europe, and ended little changed in the U.S. on 13B shares traded. Precious metals gained 2%. The S&P 500 closed below its 6900 benchmark.

Wednesday, stocks ended little changed in Asia and Europe but fell 0.7% in the U.S. on 12B shares traded. Precious metals fell 3%. IBM ended below the 300 level.

Thursday, stocks in Asia, Europe, the U.S. did not trade on New Year’s Day.

Friday, stocks gained 1.6% in Asia, 0.7% in Europe, and 1.1% in the U.S. on 16B shares traded. Finally, here’s an article that shows how inflation erodes wealth but gold preserves it.

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