I think Trump's reluctance to give a definitive statement on recession didn't help. Also, did I hear that last years 4th quarter inflation number got restated to 4.4%?

Oh no

Don't let Monday's sell-off scare you out of the market entirely, Jim Cramer says https://t.co/P6GGPjOan5

— CNBC (@CNBC) March 10, 2025

In other words, get the hell out! That said, I can't help but be impressed by the resilience of the precious metals. They've come roaring back this morning, close to their all time highs again.

Oldsouljer said:

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In other words, get the hell out! That said, I can't help but be impressed by the resilience of the precious metals. They've come roaring back this morning, close to their all time highs again.

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I'm still not in them…

While most equity sectors are melting, precious metals are consolidating before advancing to new highs. One of the two miners indices, the HUI, has formed a powerful-looking bullish wedge and could break out to the upside anytime between now and the next six weeks. I'm not betting the farm but I am loading up on various miners. This is gonna be fun, barring a total equity-debt markets meltdown. This bullish pattern suggests that the latter is unlikely. Money is looking for refuge. Beware of crypto, however.

As expected, gold briefly touched $3,000 an ounce this morning, it's getting real out there.

Oldsouljer said:

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As expected, gold briefly touched $3,000 an ounce this morning, it's getting real out there.

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I suspect yesterday's sharp rally is the beginning of a bull trap, the coming week will reveal if it is. Meanwhile, after blowing through 3K yesterday, gold continues to surge an amazing 30 dollars beyond that and silver just breached $34 this morning. Are more people waking up to their financial peril, is it FOMO, is it three US Navy carrier groups pointing towards Iran, or is it all of the above?