Today I look at the recent developments in the stock market and talk about the fact that I have not seen this kind of continued drop before and I have been in the markets since the late 1980s. It seems like the Buy the Dip strategy has disappeared for now.
Many of my viewers are asking why our favourite currencies gold and silver are not performing as one would expect. My opinion is that what we are seeing right now in terms of precious metals price action is noise. I point out that in terms of gold the Dow is down almost 17% YTD.
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Thanks again, Maneco64. I hope it is nothing more than a long-overdue correction.
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I’ve been watching many different videos this week as the market crashes and nobody has talked about why gold and silver are not skyrocketing.
You talked about it today, and what isn’t making sense is we all knew a collapse is coming, if this is it or not remains to be seen, but not looking good.
With that said, It’s been said smart money would be buying into gold and silver, maybe even crypto.
Here we are with markets down almost 4000 dollars, and I’m not seeing money go anywhere but down the toilet in all groups.
Yes gold is still up from 1000.00, but what puzzles me is I would expect to see big money going to a safe haven. And if it isn’t gold, then where is it going?
We are not seeing a spike anywhere indicating money is being put into any “safe haven” as gold or cryptocurrency.
I still say silver is the most undervalued and gold well worth buying into, but it just confuses me not seeing the price go up as things in the market go down.....
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