Didn’t See It

Hi friends,

The US had a credit rating drop this week on its debt from AAA to AA+. Of course, that is not unexpected given the heavy debt load and continued spending into oblivion with no path to turn it around.

What I didn’t see coming was a drop in metals from the announcement:

Still a bit baffled, as a drop in rating should trigger a run to save havens like gold and silver, and not a drop in both.

Oh well, guess you really never know what will happen in the markets!

Thanks for coming by,
Brian