And I don't just mean the price. Gold is at a seven year high and still climbing. Usually the gold market moves in the opposite direction of the stock market.
Something is up with Gold
- Thread starter DrHenley
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Usually an indication of fear in the markets.
https://www.cnn.com/2020/02/20/investing/goldman-sachs-stocks/index.html
Goldman Sachs warns of stock market correction
https://www.cnn.com/2020/02/20/investing/goldman-sachs-stocks/index.html
Goldman Sachs warns of stock market correction
https://www.fxstreet.com/analysis/s...all-on-renewed-covid-19-tensions-202002211335
Safe Havens Soar, Global Stocks Fall on Renewed Covid-19 Tensions
Safe Havens Soar, Global Stocks Fall on Renewed Covid-19 Tensions
jontte
A True Doomsday Prepper
well,well...if this hits the global finance it might produce something like was done in the late 20's and early 30's...it just needs someone who can sweet talk to the masses and promise utopia..
Arcticdude
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I always view stock market corrections as good buying opportunities. But I've also been investing in gold/silver since the mid '70's. For my money gold is a little too high right now which makes silver a better choice.
For whatever reason, silver seems to have become decoupled from gold. It used to move more or less in tandem with gold, but with wider fluctuations. Silver is nowhere near a seven year high.
Maverick
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Right now the markets all down, oil taking a hit. I think the world traders are a little spooked. Market correction isn't all bad, gold is reacting to futures and it's inevitable for the markets to take a hit. Keep in mind before the coronavirus the EU can't get their shit together and wasn't healthy financially even before Brexit, the coronavirus moved the cherry closer to the top of the icing.
This is what happens when all the eggs are in one basket cough* china *cough
This is what happens when all the eggs are in one basket cough* china *cough
A 10% market correction would probably be healthy for the market. We're only talking about going down to 26,000 or so, which is higher than it was at the beginning of 2019.
AH, BM or OM ??
Maverick
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? might I ask
Maverick
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I'm sure this is playing with stocks and precious metals
The yield on the 30-year Treasury bond dropped to an all-time low as investors around the globe reassessed the potential economic costs of the coronavirus outbreak.
https://www.breitbart.com/economy/2020/02/21/30-year-treasury-yield-drops-to-lowest-level-ever/
The yield on the 30-year Treasury bond dropped to an all-time low as investors around the globe reassessed the potential economic costs of the coronavirus outbreak.
https://www.breitbart.com/economy/2020/02/21/30-year-treasury-yield-drops-to-lowest-level-ever/
Adolf, Benito or Oswald
This could really hurt Trump. Idiots would turn to all the freebie people without thinking it through.
Brent S
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Yeah, gold is too high for my tastes to want to buy more right now. Silver is probably a good investment though. It has a lot of room to rise still. Wish I had a crystal ball.... I do feel the stock market is going to take a hit, correction or anything else you would like to call it. Now is probably a good time to look at the investments in your 401k (if your fortunate enough to have one) and look at the risk/exposure you have. Most don’t but you can move your investments around any time you like with no penalties. Many managed funds are allready moving into lower risk investments. You just can’t take any of it out of the retirement fund until you’re of age without penalty. I’m planning to retire at 59 1/2 so am not interested in high growth/risk investments anymore .anyways.
Arcticdude
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Last week I moved a large portion of my investments in to lower risk managed accounts. My wife's investments (that I manage) are mostly in moderate risk accounts. And we still maintain a few higher risk accounts because I don't believe that the bull market is over yet. I "retired" at 57 but won't take SS until I'm 64 or so, or any distributions from my bonds, IRA's or 401k's until at least 65. The wife wants to work for another 2-3 years.
Next to stocks, I think silver is a good buy right now, and of course real estate is always a good investment in most areas of the country.
The key to any sucsessful investment strategy is to stay diversified, consistent, disciplined and unemotional. And don't follow any "fad" investing advice.
Arcticdude
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Do you think that it's because silver has become more of an industrial metal now?
Brent S
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It seems to me that would help raise the value. Of course jewelry has mostly been the use for it for a while now.
Maverick
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6% Silver is only used in jewelry, most of is used in electronics followed by chemical production, coins and medicine
