Loading ...LIBERATION WEEK’S MARKET MASSACRE ?
SPX ………………………….DOWN 9%
QQQ ………………………..DOWN 10%
RUSSELL 2000………….DOWN 10%
OIL…………………………..DOWN 10%
SILVER ……………………DOWN 13%
SIL ( SILVER STOCKS)…………DOWN 12%
GOLD………………………DOWN 1.5%
GDX ( GOLD STOCKS)………….DOWN 8.5%
So….whats your best holding in a Crash Scenario ?
I should have known this would happen the minute you said you were long mining stocks a few days back. Perfect timing, Fully.
Of course, I would have loved to have been in nothing but physical gold for the last 25 years. I do have some bullion though, thank God.
ATM I am mostly in silver mining stocks. Again, I picked the absolute worst vehicle for speculation, bar none. They will 100% have their day, but they are the last to move in the cycle. Even with this week’s sell-off, gold miners still look bullish on longer time frames, and the technicals are so much further along than silver miners. Silver miners’ technical picture looks a year behind gold miners.
I was Flat going in to Liberation Day
But Bought some GDXJ and SILJ yeterday
was feeling smug …until today
I do nothing butLose with PM Stocks …
PHYS only is the way to go
UVIX has been a core holding for a few weeks.
Smaller stake than I had planned to have had.
Not much else on my radar here.
Ux miners might be near selling out.
But I still suspect a bigger dive looms down the line after a (large) dead cat.
Treasuries and cash for a crash.