As the coronavirus spreads, many investors are focused on the stock and bond markets.
Why not gold?
The Federal Reserve, in a surprise move, cut interest rates Tuesday. The yield on the 10-year Treasury note is trading around 1%, a level nobody could have dreamed of not long ago. Other central banks are lining up for more money printing and monetary stimulus. Governments are getting ready to borrow more.
So the conditions are ripe for gold — just like in the good, old days.
Let’s explore with the help of a chart.
Please click here for an annotated chart of Direxion Daily Gold Miners Index Bull 3x Shares NUGT, a leveraged ETF.… Please click here or the title below to read more.
This post was just published on ZYX Buy Change Alert.
Tesla (TSLA) is named after Nikola Tesla. Now there is another company named ‘Nikola’ that deserves your attention.
Nikola (NKLA) is involved in the development of class 8 semi-trucks fueled by hydrogen for zero emissions. Nikola is combining with a special purpose entity that trades under the symbol VTIQ. The stock will soon start trading under the symbol NKLA.
There are four key points here.
The Federal Reserve on Tuesday announced an emergency interest-rate cut to counter the effects of the coronavirus on the economy.
Expect calls for more spending on the fiscal side to increase the deficit from a trillion-plus dollars. Where is the money going to come from? The answer is easy: Just borrow and add to the national debt.
Let’s explore where the stock market rally is going with the help of two charts.
Please click here for a long-term chart of the Dow Jones Industrial Average ETF DIA which tracks the Dow DJIA. For the sake of transparency, this chart was previously published, and no changes have been made.… Please click here or the title below to read more.