Equity Markets Tank 5%-6%+ / Gold Surges

A: We have now seen a roughly 16%+ selloff in stock indexes over the last 3 weeks. This is the kind of market activity that causes people to slow down and take a breath or two. In the face of a US credit rating downgrade, US treasuries are still rallying hard sending yields much much lower. This is a sure sign that investors continue to perceive US govt debt as a safe play relative to other...