The market is selling off. Will it rally? Probably not, since the recent path would dictate it heightening its downtrend motion towards the close then rallying again the next day.
The difference today is that gold is up sharply as is commodities. I think traders are hedging for possible currency crisis in the dollar since the Fed will have to lower rates or risk putting the economy in a recession.
I remain slightly sceptical of gold going up as the market goes down because gold went up along with the market, due to liquidity issues. So if gold keeps going up, I would say so will the market.
If gold goes caput, well then forget inflation, and appreciate 3% interest rates.
In any even gold is universal and the miners have leverage to it so in the pursuit of safety--
Buy GLD-gold etf, GDX-gold miner index, AEM, ABX, NEM all large gold cos.
GSS, CDE, PAAS, HL as spec gold and silver plays.
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