Stocks Are Snoozing, But Yen And Gold Action Shows The Real Panic Behind The Scenes

Stocks are flat on the day. Fine, there’s no news, and the bulls have had a nice run, so it’s not a big deal one way or another.

But behind the scenes it’s panic. We already mentioned the gold spike. It’s now at $1270.

Meanwhile the yen, which surged last night, just keeps crushing the dollar. It’s almost too painful to watch.

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