Nothing ever moves up or down in a straight line… but it can often feel that way. February’s market selloff into March was steep and scary, but there were some rallies in there. And the March-September rally had a few down days as well.
In the current selloff that started this month, we’ve seen some large rallies already. And stocks are still near all-time highs. On a short-term basis, the past few days has moved shares toward being oversold in the short term, as evidenced by a number of traders starting to show interest yet again.
Now here’s the rest of the news:
Science Doesn’t Lie My jaw dropped yesterday, when I heard key government policymakers on television confidently proclaim we’re in the midst of a V-shaped recovery and the coronavirus is contained. This rah-rah cheerleading is destined to end in tears, because it’s divorced from reality.
I’m an optimist by nature and I certainly want the pandemic to go away. However, I don’t embrace delusions and neither should you. The coronavirus outbreak is impervious to positive spin and continues to batter the economy and corporate operating results. The latest empirical data from Johns Hopkins (as of Tuesday) indicate that the pandemic is resurgent. Politicians lie, but science doesn’t.
September 22, 2019
Gold Is NOT the Best Bet in Precious Metals
By Dr. Steve Sjuggerud
Bronze… Silver… Gold…
You already know the next metal in the sequence. Just about everyone does.
It’s platinum — the king of precious metals.
Sure, American Express has the Gold Card. But you know what card is above it — the Platinum Card.
Platinum is universally known for being above gold… It’s the ultimate award level. It’s how you know you’re getting the best of the best.
But it‘s more than a marketing shtick. Today, it’s an investment opportunity in the making…
Only the shiniest of objects catches my attention! 🙂