Discussion in 'Stocks & Derivatives' started by mmm....shiney!, Feb 1, 2018.
So it'll test that blue line then drop.
Yes if it goes above it bullish if not will go down.
So, continuing ..
DJIA DOWN over a thousand points
Bitcoin UP over 8-9% right now
Gold steady in USD, up about $9-10 AUD
Crash or bear market scenarios:
My plan, if it can be called that, is to just hold most of my stocks through a crash and hope that the 15% or so in gold stocks compensates the losses from general stocks. Then put some reserve cash and liquidated bullion into general stocks when everywhere you look it's bad. Not the optimal plan, just mine.
Gold and silver smashed down, dow smashed going to 18-22k. Only hold what your willing to lose i cashed out 80% last week only hold one stock that i will ride through the storm.
I think gold will have a big role to play in wealth protection this coming year.
Gold stocks will do well once dust settles.
Im all cash as of today now time to sit back and wait for the next crash. A few people goigo to get a shock soon.
^^ sold gold stocks, too?
Is that in physical cash or still in the bank? I am unsure what will happen to the AU governments $250,000 deposit guarantee for diligent savers with the new measures in the Feb 14th APRA crisis bill that Bankster Turnbull has been instrumental in putting in place, essentially a bail-in situation to assist the banks if there is a banking crisis.
The government is damned if it does, damned if it doesn't.
China isn't doing much to cool concerns about a trade war with the United States.
"China would fight to the end to defend its own legitimate interests with all necessary measures," China's embassy in Washington said in a statement late Thursday. "China is not afraid of and will not recoil from a trade war."
The Dow plummeted 724 points, or 2.9%, underlining mounting concerns among investors about looming tariffs on China. It was the fifth-largest point decline in history and the market's worst day since the extreme turmoil of early February.
The S&P 500 dropped 2.5% and the Nasdaq 2.4%.
2.5%......as a percentage....that is just...well.........small.
If there was a 2.5% fall in gold ( $40 ) would you consider it as a sell or buy opportunity?
Isn't this the part where the crypto mindset people come in to say "Buy the dip" ?
The DOW has dropped by nearly 12% since the all-time high in January. The year 2017 saw an all-time record rise of over 25% so we've erased nearly half of those gains in a 2 month period. In order to exit the correction phase the DOW has to exceed it's January high. It's not looking good and the DOW/gold ratio is falling. We're halfway toward bear territory.
No we're not into buying territory yet because we've still got potential for the sharemarket to get to a bear market, but we'll get there at some point because bear markets are not unprecedented, unlike last year's gains. Not sure when though.
I converted all my super into cash a few weeks ago, having it in High Growth was making me nervous. If they start talking about doing QE ill switch it back. The DOW looks sick like Bitcoin at $19k.
haha don't forget to HODL too.
China is the largest foreign US bond holder, with $1.17 trillion in holdings. But China trimmed those holdings by 1.4% in January compared to December, the latest data shows.
The US debt that China buys helps finance the rising federal government deficit. If China suddenly stopped buying bonds, the interest rates that the government pays on those bonds would soar in order to attract more investors. China's bond purchases also helps keep interest rates lower for American consumers and businesses, since many forms of borrowing, such as mortgage rates, typically move in line with bond
Dow putting in lower highs.
There’s been a distinct absence of bad Stockmarket news in the MSM lately. Maybe I’m not reading the right stuff.
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