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<p>[QUOTE=&quot;InfleXion, post: 1241329, member: 29012&quot;]Stocks dropped 5-6% and gold rose inversely accordingly. I&#039;m not sure why the PGM&#039;s are dropping, but probably because gold is king. Big surprise here, I am still buying silver. Gold&#039;s too pricey for me.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>As far as specifics, there is just so much going on right now. China is officially calling for IMF Special Drawing Rights to expand the currency basket and replace the USD as the world reserve currency and I think the possibility of that is a lot heavier than the debt downgrade. It doesn&#039;t help that Italy was having bank runs over the weekend, had to get bailed out along with Spain, and now Germany is pretty much saying they don&#039;t want to be on the hook for over 100% of their GDP. Japan just did a market intervention, and both they and Switzerland and are doing their own verisons of QE.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>My point is, there doesn&#039;t need to be a something else. Enough has happened and people are rushing to safety. </p><p><br /></p><p>[edit]</p><p>Just saw BOA is down 20% today. I figured this was coming after their multibillion dollar lawsuit, and already got most of my cash out weeks ago. I bet this is weighing in on markets as well.</p><p>[/edit][/QUOTE]</p><p><br /></p>

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