More deterioration around the world sensed as New Zealand's central bank just cut interest rates. (They were expected to cut by a quarter point. Instead, they cut by a half point, which is huge! Shows how soft things are getting, economically). That sent the New Zealand dollar down 2% so far, overnight...which is HUGE for a currency. And the Australian dollar is down in sympathy as well.

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Sean Hyman
Sean Hyman

Editor

There's a good chance this is what sent two prominent metals up to new 52-week highs overnight.

Sean Hyman
Sean Hyman

Editor

Click on the chart to enlarge it:

TednLiz
TednLiz

Wow!