The market is currently down 145.7...you usually know the gold info. Any guesses, as to why it has dropped so much today?
The market never shows their cards on the day that the Fed raises/lowers rates. There is a lot of debt in the market and in the economy. Now, with rates higher, it is more expensive to take out loans. A lot of companies are up to their eye ball in debt...and with all the loans that they are using to position themselves, they are starting to show signs that they are not able to live up to their responsibilities...so down we go. I personally take the view that we are going down a long way...but not sure if we will go down before or after the election, or terrorist attack...