Why Stocks and Gold Crashed
Sept 24, 2011
Stocks and Gold Have Worst Week In Years
The Dow had its worst week since 2008.
Gold and silver tanked as well:
Gold futures dropped 5.8% Friday, the biggest one-day loss in five years, as investors rushed to cash out of some of their most profitable investments in the hopes of making up for losses elsewhere. The decline capped gold’s worst week since 1983. Silver was even harder hit, plunging 18% for its largest single-day decline since 1987.
What’s going on?