Sell stocks buy gold???
That light at the end of the tunnel is really an oncoming train.
Let’s see
Gold was ~$1500 on July 1st, it’s now ~$1700 a 13% gain in about 2 months
The Dow was ~12600 on July 1st, it’s now ~11000 a 13% loss in about 2 months
And yet they are reporting that it’s Gold which is losing while Stocks are rallying
Yeah sure, Oooooooooooooooooooooookkkkk
Its no secret by now that gold prices have been on a near parabolic rise for the last few weeks. This can be disconcerting for obvious reasons. When an asset price rises upward like a rocket ship, you inevitably experience a situation where the asset becomes distorted from its real value. In other words, a bubble is generated and an ensuing disequilibrium develops that leads to an unstable environment which eventually collapses on itself. Weve seen it time and time again in markets. I personally think this is inevitable in the gold market, but I dont think were quite there yet. And I think the current correction may be a positive sign that the market has just avoided a near bubble event.
Here is my advice opposite of before . Sell,buy,sell,buy,sell,buy.
Sell stocks while you can,
Buy gold if you can!