Countdown To Chaos Tyler Durden Fri, 10/30/2020 – 18:20
On Wednesday, while the broad stock market was getting shellacked, and companies like Everbridge, Bed Bath & Beyond, and Dynatrace were suffering double digit freefalls, something else was going on. Gold and silver were also getting shellacked.
But it wasn’t all crash and burn. First Solar, Rolls-Royce Holdings, and CoreLogic all notched double digit gains. The dollar, as measured by the dollar index, gold, silver, and most stocks, was also up. And something else was up too…
Most investors likely didn’t notice that American firearm manufacturer Sturm, Ruger & Company managed to eke out a small return. Why would they? A return of