March 11, 2020

The WHO(World Health Organization) declared this corona virus a global pandemic today sending stocks crashing.  The Dow is down 5.5%, and is now down 20% from recent highs, teetering on a bear market.  The S&P and Nasdaq are down 4.3% and 5% respectively.  Despite its safe-haven appeal, gold can’t seem to breakthrough as such drastic and sudden drops in equities keep investors scrambling for liquidity.  Oil prices are down again today, adding to the downward pressure on other commodities such as gold.