The Flight to Safety is on as Banks Get Crushed and Gold Surges

from King World News

The flight to safety is on as banks get crushed and gold surges.

A portion of today’s note from Art Cashin: Other Fed Credibility Dings – They did not set up a July press conference thus raising enormous doubts that any kind of move is possible in July.

The vote to stand pat was unanimous. Where all those regional Fed presidents, who a week or two ago, were hanging on a June move and even follow-ups. There was a dissent in April but not one in June?

Futures are a hair away from declaring no hike this year. Credibility?

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