Silver dropped like a buck-fifty yd as well. I’m thinking it’s at least in part a reaction to the House vote to repeal Obamacare — baby steps to reining in the fiscal insanity.
More like the major markets realize that you can’t eat gold and silver so they are buying food. After the food stocks go up the major markets will realize that when there is chaos food means nothing unless you can guard it so they will pad their portfolios with lead and defense stocks. I just checked the stock of a local barbed wire manufacturer and their stock price is climbing through the roof. After doing some research on the barbed wire manufacturer I realized it wasn’t a good buy because their profit margins were razor thin.