Dow Down 500+ Points on Thursday (Down 5% on the week)
Well that escalated quickly.
When the market closes at the lows of the day, it sets up an interesting Friday. I'm listening to the bubble head cheerleaders on CNBS and they are all "optimistic" about tomorrows trading. I'm not sure how comfortable traders are going to be going into the weekend without raising some more cash tomorrow which would force this market lower still.
We are now also sitting just above a key psychological number of 25,000 (at 25,052 points). A drop below there going into the weekend would also be significant.
Gold on the other hand held up well though-out the day and is closing up $33.50 or 2.8%!!! We are also now well back over the 50 day moving average. I'm honestly surprised the powers that be are allowing Gold to rise so much so fast during this correction.
We live in interesting times. Plan accordingly. There is not much Gold and Silver financial protection to go around and in a severe crises, supply will shirk overnight and you'll see Gaps up in dollar prices that will make some of the 2017 crypto-surges look like child's play. Get your Gold and Silver now while you can.
Plan for the worst, hope for the best, but plan.
To invest in Mene24k Gold Jewerly click Here
To open your own BitShares account, click Here
To open your own Binance account, click Here
What I don't understand is the beating that cryptos are taking...
It’s easy in my opinion.
Wallsteet persons who hold bitcoin had margin calls and sold bitcoin to pay there calls on regular market positions. I have no proof
Just my opinion
The higher the rise, the further the fall. Nothing speculative has ever gone up that fast and held its gains. I think we will go back to the highs, but a lot of money needs to get shaken out first
Better a couple months early than a day too late!
😎👍
Get it while ye can
I'm also stocking up on beer
That's the idea!
I've been watching the markets fairly closely the last two days. Things have been messy and are likely going to get worse. If people start fleeing the stock market, we could see a huge push into crypto as people try to keep their money safe.
i like this ''We live in interesting times. Plan accordingly. There is not much Gold and Silver financial protection to go around and in a severe crises, supply will shirk overnight and you'll see Gaps up in dollar prices that will make some of the 2017 crypto-surges look like child's play. Get your Gold and Silver now while you can.''
You got a 10.35% upvote from @postpromoter courtesy of @matthewwarn!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
You got a 22.77% upvote from @upmewhale courtesy of @matthewwarn!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
but sir all expert view this downward movement of DOW is short term and long term it is give a highest return than other investment