In the last 12 years the United States has experienced two major economic disruptions both requiring massive Federal Reserve intervention to lessen the effect of a contracting economy.

During the last two severe economic contractions and recessions in which the Federal Reserve intervened to help stabilize the economy a new paradigm occurred in which both U.S. equities and gold would move in tandem to the upside.

Gold, silver and platinum are all trading lower on the day, with the lone exception of palladium which gained 1.86% in trading today.