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Silver & Stocks Soar To Celebrate Donetsk Independence; Russell Up 4% In 24 Hours

Monday, May 12, 2014 13:34

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from Zero Hedge

The Russell 2000 had its best day in over 17 months today – up 2.5% (best since Jan 2nd 2013) and +4% from Friday’s lows. All US equity markets exploded higher our of the gate thanks to a ridiculous spike lower in VIX (below 12) and USDJPY stop-run back through 102 which squeezed “most shorted” dramatically higher. The Dow, Trannies, and S&P all made new record high closes…and it’s not even Tuesday yet! Away from stocks, silver jumped over 2% for almost its best day in 3 months. Gold rebounded over $25 from overnight smackdown lows. Oil broke back above $100. Treasury yields rose modestly (2-3bps) – majorly out of sync with equity exuberance. JPY was large and in charge of stocks but the USD ended the day unchanged. S&P futures volume was 30% below recent average.

Continue Reading at ZeroHedge.com…

Source: http://financialsurvivalnetwork.com/2014/05/silver-russell-up-4-in-24-hours/?utm_source=rss&utm_medium=rss&utm_campaign=silver-russell-up-4-in-24-hours

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