The Real Liberation Day Is Coming For Silver Bugs (Market Meltdown)

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The stock market is gapping down hard this morning, before the opening bell, with the DOW futures down over 1000 points, after Donald Trump’s tariff declaration last night. This price action, though, has come after weeks of falling US stocks. Now global stock markets, which had been going up since New Years, are taking a hit too, and even the price of gold is down a few dollars before the open.

What is up is every major currency against the US dollar.

It’s kinda like when Nixon abdicated the Bretton Woods agreement in the 1970’s.

What has been a US stock market drop, or correction, is now turning into a panic moment. In pre-market action the VIX, which measures the premium options traders pay for volatility, is trading up over 20%.

Market declines tend to end in panic bottoms.

We saw the VIX spike, and the market bottom, in December and last August.