ZERO HEDGE - GOLD LEADS AS DOW DIVE ERASES 2017 GAINS

Gold Leads As Dow Dive Erases 2017 Gains

by Tyler Durden
Jan 12, 2017 11:18 AM

VIX is spiking (admittedly to just above 12) as US equity markets are tumbling following the path of the USD (biggest drop in 6 months). The Dow just gave up all its 2017 gains (with Small Caps -0.8% on the year) as gold leads all asset classes.

Desk chatter is that this comment from The Fed sparked the initial anxiety...

HARKER: WHEN RATES AT 1%, NEED TO LOOK AT UNWINDING BAL SHEET

This is The Dow's biggest drop in 3 months...

Gold is leading the way for 2017...



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