There’s nothing like scads of excess supply to drive down the price of a commodity. That’s what happened today when it was revealed that there were record stockpiles of crude oil.

While we live in the Age of Anxiety, the Age of Irony, and the Age of Social Media, we also live right now in the Age of Volatility. The markets proved it again today.

Gold struggled today even though it was buoyed up by a decline in the U.S. dollar, which, of course accounted for whatever vitality there was in the prices. Without the dollar assist, gold would have been off almost $12.00.