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Topic: Stock Market Down (Read 362 times)

legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
June 20, 2013, 07:39:34 PM
#1
http://www.marketwatch.com/story/us-stocks-fall-sharply-on-fed-taper-fears-2013-06-20
It was the Dow’s largest one-day percentage decline since Nov. 7, 2012, the day after the U.S. presidential election. And it was the index’s biggest one-day point decline since Nov. 9, 2011.
Gold too
http://www.marketwatch.com/story/gold-prices-drop-as-fed-signals-stimulus-slowdown-2013-06-20?link=MW_popular
Gold and silver futures closed at their lowest levels in more than 2 ½ years Thursday, a day after Federal Reserve Chairman Ben Bernanke said the central bank could move as early as this year to slow the flow of monetary stimulus to the economy.

Bitcoin goes up 5% the same day on negative press and FUD Wink
http://nymag.com/daily/intelligencer/2013/06/bitcoin-sees-the-grim-reaper.html

Mt. Gox, the largest Bitcoin exchange, announced today that it is suspending U.S. dollar withdrawals from its accounts because of what it euphemistically calls "rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin." Add that to the shutdown of Bitspend, a Bitcoin e-commerce site, by its bank, and you have a disastrous week for the much-hailed virtual currency.

http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html

http://www.businessinsider.com/bitcoin-exchange-mt-gox-temporarily-suspends-dollar-withdrawals-2013-6

Bitcoin exchange Mt. Gox is temporarily suspending US dollar withdrawals as it reconfigures its site to handle growing global traffic, according to a release.
Bitcoin volumes have been spiking on global market volatility today, and prices have topped $110 for the first time in a week.


Just another normal day in bitcoin  Wink
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