bclemms
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I dont know, think the market is really scared they may have underestimated coronavirus. Q1 is gone and Q2 is under pressure now with 4 countries facing outbreaks.so i can open my eyes now?
Sentiment is central banks will throw so much money at it that itll fill the gap which is keeping the market up. I'm not sure either way. Just know if the market tanks then gold will go up. If the banks spray money all over the world then gold will go up. I'm still same place I was in June, we just swapped trade war for coronavirus.
Buying dips in NUGT and taking profits on the way back up, rinse and repeat with a very cash heavy portfolio.
Sentiment went from meh, it's just the cold to it's just a couple week impact to it may last a month to oh sheet China is locked down. Then consensus was it would be like SARS then it would impact Q1, then Q1 is basically wiped out and now concerns are about Q2. While this was happening the market kept running into record highs. Really though, think the fed needs to cut rates fast and try to kick it down the road a few weeks and reevaluate.
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