Dow Plunges More Than 500! Global Stock Market Rout Continues As Panic Begins To Engulf The World

Friday, January 15, 2016
By Paul Martin

KingWorldNews.com
January 15, 2016

With the Dow tumbling more than 500 points, the global stock market rout continues as panic begins to engulf the world.

And there goes the Gold/Oil ratio as it hits another 70-year high!

The Gold/Oil ratio had already taken out the high from July of 1973 (33.69), and today it is now trading at 36. Again, people will see gold float across the ticker at roughly $1,100 and think it’s weak but it’s actually trading quite strong vs key commodities such as oil.

Regarding the oil market, just three days ago Art Cashin warned King World News that the carnage may get worse:

“As we talk shortly here in the afternoon, we are just above $30. If the price of oil breaks $30 it could lead to a little bit of cascade selling and that would be a real problem. There are certain derivatives that are triggered when oil breaks certain price levels. It actually brings on more selling in oil as entities are forced to liquidate certain positions.

The thing that I am concerned about is if the price of oil breaks $30, does it lead to a kind of trapdoor, and is there subsequent selling?”

The Rest…HERE

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