Last night saw the US share market fall sharply with the NASDAQ down 6% at one stage before finishing down nearly 5%. The S&P500 was down 3.5% and Dow down 2.8%. In USD gold was down 0.6% and silver 3.5%, only the falling AUD saw that change to +0.3% and -2.2% respectively. Cryptos were clubbed across the board including BTC below $US10,500 and ETH back below US$400 at one stage. And against the whole ‘USD is dead’ crowded trade, it maintained its upward trajectory from its low on Monday. We outline the case for a strong USD and what that means for markets and gold.
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