September 20, 2021

Gold is up $12.00 today, rising as worrisome economic data home and abroad, sent equities tumbling as the deadline to raise the US debt ceiling looms.   Evergrande, one of China’s largest property developers, is on the brink of defaulting on its $300 billion in debt.  Stocks are on pace for their worst day in months and September is shaping up to be the worst month for equities since October 2020.  The Dow is down nearly 800 points and the Nasdaq and S&P 500 are down 2.65% and 2.20% respectively.