Gold Resource Corp (GORO)

[GORO2020]

NEW Record for the DOW.....Biggest Point Drop in History and a NEW 52 week LOW........AND OMG the VIX



CBOE Volatility Index

CBOE Volatility Index (.VIX:Exchange)

***75.16 +21.26 (+39.44%)


Dow Jones Industrial Average

Dow Jones Industrial Average (.DJI:Dow Jones Global Indexes)

***21,200.95 -2,352.27 (-9.99%)


Black Thursday: "One Giant Margin Call"

Black Thursday: "One Giant Margin Call"
by Tyler Durden ZeroHedge

Rosenberg Research's David Rosenberg

"The fact that Treasuries, munis, and gold are getting hit tells me that everything is for sale right now. One giant margin call where even the safe-havens aren't safe anymore. Except for cash."

The Fed unveiled an unprecedented liquidity facility to rescue malfunction Treasury markets from themselves.. but it failed terribly.

For a few brief moments, as Dow futs exploded 1500 points higher, it looked like it might just work... but no...



Investors are at the most-extreme fear level on record...



Trannies and Small Caps are now underwater since Trump was elected...

https://www.cnbc.com/quotes/?symbol=.DJT

Dow Jones Transportation Average (.DJT:Dow Jones Global Indexes)

7,259.02 -867.07 (-10.67%)

*****In the last 30 DAYS...........DOWN -33.94%


Dow plunges 10% amid coronavirus fears

Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash
By Fred Imbert, Thomas Franck

Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve failed to quell concerns over the possible economic slowdown stemming from the coronavirus, leading to historic moves in U.S. markets.

The Dow Jones Industrial Average traded 1,991 points lower, or 8.5%. The index was on pace for its worst drop since the 1987 market crash, when it collapsed by more than 22%.The S&P 500 traded down 8%, joining the Dow in a bear market. The Nasdaq Composite traded 7.9% lower.

“The coronavirus is scary and people don’t know what to expect,” said Kathy Entwistle, senior vice president of wealth management at UBS. “It’s like the tsunami is coming. We know it’s going to hit any day and nobody knows what the outcome is going to be.”

The major averages got a brief respite after the Fed announced it will ramp up its overnight funding operations to more than $500 billion on Thursday. It will then offer more repo operations totaling $1 trillion on Friday. The Fed also expanded the types of securities it would purchase with reserves.

However, stocks quickly traded back towards their session lows as investors awaited more aggressive measures to support the economy amid the virus outbreak.

“These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak,” said the statement from the New York Federal Reserve, which conducts these operations on behalf of the Fed.

Thursday’s sell-off got so bad, that trading was halted briefly after the open for 15 minutes as markets hit the mandated “circuit-breaker” threshold used by U.S. exchanges. The Dow was on pace for the sixth-worst decline in its history, according to FactSet. Even the worst one-day drop of 2008 financial crisis did not reach this magnitude.