U.S., European stock markets tank AGAIN as precious metals survive meltdown

Another day, another session of triple-digit losses.

The leading stock indexes in the United States and Europe saw nothing but red ink on the first day back from the Labor Day holiday.

The Dow Jones Industrial Average shed 600 points, the Nasdaq Composite Index plunged more than 400 points and the S&P 500 was down 2.5 percent. Even energy crashed.

Here is what the markets saw on Tuesday:

Gold and silver? They avoided the broader market selloff, with the precious metals posting modest gains.

Are we even for a scary September? Is this the start of a correction? Did the Federal Reserve suspend the printing presses or something? What an interesting market crash we are witnessing.