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Equities markets have seen some strong selling activity in the recently because of lingering uncertainties in the economic situation, stated Gary Wagner, editor of TheGoldForecast.com, who is concerned concerning silver and gold potentially not holding their base at existing degrees.
" We are seeing a recuperation, however the healing is much slower than prepared for," Wagner told Kitco Information in an interview Tuesday. "I think what we're seeing is the awareness that the economy is not going to recover as quick as we assumed it would certainly."
Supplies are rebounding Wednesday morning from Tuesday's selloff, with the S&P 500 up 1.15%, and also the Dow up 0.9% on market open.
Tesla shares are down 30% from August highs.
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Tesla shares plunged, is gold next? This ‘scares’ Gary Wagner
Equities markets have seen some strong selling activity in the last week due to lingering uncertainties in the economy, said Gary Wagner, editor of TheGoldForecast.com, who is concerned about gold and silver potentially not holding their base at current levels.
“We are seeing a recovery, but the recovery is much slower than anticipated,” Wagner told Kitco News in an interview Tuesday. “I think what we’re seeing is the realization that the economy is not going to recover as quick as we thought it would.”
Stocks are rebounding Wednesday morning from Tuesday’s selloff, with the S&P 500 up 1.15%, and the Dow up 0.9% on market open.
Tesla shares are down 30% from August highs.
_________________________________________________________________
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