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Well no, they’re still in the crapper and down roughly 40% over the past three months, but the annualized increase/improvement since last week is 23%. An entire quarter where activity in the “world’s largest economy” is reduced by depression levels across all measures of consumption, capital spending and exports. The government did conjure $3T to try and fill the hole, but it appears that little of that money has made its way into consumer spending.
Well no, they’re still in the crapper and down roughly 40% over the past three months, but the annualized increase/improvement since last week is 23%. An entire quarter where activity in the “world’s largest economy” is reduced by depression levels across all measures of consumption, capital spending and exports. The government did conjure $3T to try and fill the hole, but it appears that little of that money has made its way into consumer spending.
We live in interesting times.
It's time folks consider stock shopping and buying as consumer spending.
I think if you are trading silver and gold actively now both will do well through the summer, but later this year into 2021 both will take a heavy hit. That will be a great time to load up on more for the longer-term.
Best of luck to everyone trading out there.
Congratulations on another great call with the recent silver move!
Congratulations on another great call with the recent silver move!
Thank you! I think we can run higher in both (gold and silver) in the shorter-term but I think both will take a substantial hit later this year going into 2021. If it plays out like I think it will it will be a grand liquidation event where basically everything goes down except for the dollar. It will be another nice buying opportunity for the longer-term in silver and gold (if you can still find physical) as I expect to see $100+ silver and $5K+ gold within the next 5 years or so.
I would exercise caution regarding SLV and GLD in this type of environment because I think we can see a similar event unfold like we did with USO. ETF-type investments are becoming a bubble in their own right and I think people should exercise caution in them looking out into the intermediate term.
Right now there are tons of dollar bears as the dollar gets smoked this summer and we should see more dollar weakness through the end of the summer. I think the dollar goes on a huge run starting later this year through a good part of 2021 though and will take a lot of people by surprise just how high it gets in its move higher. I would not be surprised at all to see the DXY spike to 115+ during this move. Global bust will send people fleeing into the dollar.
Thank you! I think we can run higher in both (gold and silver) in the shorter-term but I think both will take a substantial hit later this year going into 2021. If it plays out like I think it will it will be a grand liquidation event where basically everything goes down except for the dollar. It will be another nice buying opportunity for the longer-term in silver and gold (if you can still find physical) as I expect to see $100+ silver and $5K+ gold within the next 5 years or so.
I would exercise caution regarding SLV and GLD in this type of environment because I think we can see a similar event unfold like we did with USO. ETF-type investments are becoming a bubble in their own right and I think people should exercise caution in them looking out into the intermediate term.
Right now there are tons of dollar bears as the dollar gets smoked this summer and we should see more dollar weakness through the end of the summer. I think the dollar goes on a huge run starting later this year through a good part of 2021 though and will take a lot of people by surprise just how high it gets in its move higher. I would not be surprised at all to see the DXY spike to 115+ during this move. Global bust will send people fleeing into the dollar.
A large portion of my portfolio is in Apple and Amazon. I plan to hold them both for the long term. Where do you see tech going in 2021?
A large portion of my portfolio is in Apple and Amazon. I plan to hold them both for the long term. Where do you see tech going in 2021?
organic_donna, in all honesty I worry about how concentrated those big names have become. When 5 names dominate the market in a very concentrated fashion like we are currently seeing it can really exacerbate downside risk. As of April, 5 stocks - Amazon, Apple, Microsoft, Alphabet (Google), and Facebook accounted for more than 20% of the market cap of the entire S&P 500. A top-heavy market like that with these names currently making new all-time highs concerns me looking out into 2021. Extreme concentration like this has historically come with high risk.
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