by Jeff Berwick
Dollar Vigilante
It was just two days ago that we wrote, “Gold Has Biggest One Day Rally Since Brexit as Elites Rush Into Gold”.
Now, to end the week, US stocks had their biggest drop since Brexit on Friday.
The Dow Jones Industrial Average fell 394.46 points, or 2.1%, to 18085.45, and the S&P 500 declined 2.45%, while the Nasdaq Composite lost 2.5%.
The media blamed concern over a potential 0.25% rate hike by the Federal Reserve at the upcoming September 20th-21st meeting.