Welcome to Everything Down Monday!

Welcome to Everything Down Monday! by Rory – The Daily Coin

As of approximately 2:00pm EST the S&P fell off a cliff and the VIX spiked to the upside. This is happening as both gold and silver have been drifting lower since the metals “markets” opened Sunday evening.

About the same time the S&P took a sharp drop, silver took a sharp drop as well and bounced off $17.00.

As reported by ZeroHedge

Well that escalated quickly…

Some chatter than Lawrence Lessig’s comments on regulating ‘code’ spoked some of the mega tech stocks, FANG tumbled…

And that dragged everything down…

 

VIX spiked back above 10…

And in case you were looking for a catalyst, there is none (same as with the panic-bid at the open).

As ZeroHedge pointed out there doesn’t seem to be reason for any of this madness other than just another day in the new normal.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.