March 27 Precious Metals and US Stock Market Trends:
$XAU $XAG $SPX
In the storm, the "double kill"—this isn't a pullback, it's clearly a blatant strangulation!
The overnight market gave a vivid lesson to the bulls with a bloody trend: what you thought was a "safe haven" is turning into a "mass grave." Spot gold plummeted 2.5%, directly breaking through the psychological barrier of $4400, closing at $4392 per ounce. Silver fared even worse, with a decline of over 5%, shattering the myth of "gold's resilience."
The US stock market is equally devastated. The Nasdaq dropped 1.3%, and the S&P 500 fell over 1%. The seven tech giants became the disaster zone, with Meta plummeting nearly 7%, and Nvidia and Tesla also unable to withstand the pressure and falling down.
The market is now paying back for its previous madness. Rate cut expectations have been doused with cold water, and funds are fleeing. The current strategy is very simple: don't reach out, don't catch the bottom. In this turbulent market, regardless of what assets you have, when liquidity dries up, they all become worthless pieces of paper. Preserving your principal is more important than anything else.
