The gold market is still under pressure because the dollar is up another 50 points. Currencies are wobbling against it. In the stock indices, we woke up and saw that Moody's had downgraded as many as 10 banks and has put warnings out to several of the big boys. Are they too little too late? Don't know. They say they are doing this for a reason: the commercial real estate market. Eventually these landlords will get wiped out in areas that just aren't going to come back.
August 09, 2023