Well, China triggered Circuit Breakers overnight (Sort of like Stop Losses) and suspended trading.
Dow starts off plunging 400 points and as of this typing still down 336 points
It is rallying Gold though. We will have to wait to see how it pans out but a CLOSE above $1093.80 in the near future could show that we may be on a gold rally again.
Of course even if it does Close above the $1093.80 mark, it will most likely drop again to test the market and shake out the weak before making a rise.
Bad for all of our 401K's today but Decent news, potentially, if your retirement is banked heavily upon gold.
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