That’s the trouble with buying gold and oil future based on the potential of war with Iran.
I still remember the incredibly FAST fall of prices after the 30 second Gulf War on the ground.
That's the trouble with speculators.
They make the common person's life h#ll for a few weeks as prices soar like a rocket but fall like a parachute.
I have ZERO sympathy for their losses.
They're tax deductible anyway.
This was adressed tonight on Fox Business News Lou Dobbs Tonight. The fact that the market in years past would overreact big time at any event and totally disrupt the market.
But, today, in the time of Trump with the economy as strong as it is and the health of the economy being as strong as it is the markets kneejerk reactions are minimized. The drops are far less and the recovery period is far faster.
So, the impact on investors is far less than in years past. And, it all is related to the fact that the USA is now a Net Exporter of energy.
Now the worlds number one producer of oil and natural gas. All under the Leadership and Direction of Donald Trump. This has reduced volatility considerably.