It's over. Historical bull run has come to an end.

Discussion in 'Trading' started by orbit23, Feb 27, 2020.

  1. Overnight

    Overnight

    Can't mine for gold if everyone is out sick, and people aren't out buying gold if everyone is home sick and not shopping?
     
    #11     Feb 27, 2020
  2. The only thing to trigger new waves of selling would be actual bad economic data.

    As scary as a virus is, it isn't economic data. It won't destroy humanity. It has a 2% fatality rate.
     
    #12     Feb 27, 2020
  3. I thought the value of gold wasn't in it's value to retail jewellery owners.

    I thought most of it is stored away in vaults. The owners never see it and they trade pieces of paper, or digital contracts stating they own it.

    It's value is in a store of value in times of economic uncertainty and/or high inflation.
     
    #13     Feb 27, 2020
  4. Pekelo

    Pekelo

    You are 2 weeks late. But anyhow, if:

    1. Bernie gets a heart attack/dies.
    2. They develop a vaccine for the corona virus.

    The market right away rallies 10%...
     
    #14     Feb 27, 2020
  5. Overnight

    Overnight

    I guess everyone decided bonds were the shit and GC was old hat. :)
     
    #15     Feb 27, 2020
  6. They don't need a vaccine. It has a 2% fatality rate.

    The epidemic will eventually end itself.
     
    #16     Feb 27, 2020
    Nobert likes this.
  7. Overnight

    Overnight

    That bad economic data is going to come because of the virus. I believe that is what the market is pricing in now.
     
    #17     Feb 27, 2020
  8. I guess so too.

    Cause those 2 have always moved together in the 6 months since I bought them.

    Now if you see the unemployment rate go up, then I think gold will go up also.
     
    #18     Feb 27, 2020
  9. Overnight

    Overnight

    Think of "Trade war lite." :)
     
    #19     Feb 27, 2020
  10. Pekelo

    Pekelo

    A virus is like a terrorist. Terrorist kill relative few people, but that is not their point. The point is FEAR, the same with a virus.

    The travel industry will get a huge hit if 30% less people using them. If 2% of the Chinese die, who is going to export anything from them? Anybody relying on Chinese work forces (pretty much everybody) will take a hit.

    Even in America, 2% would be 6 MM people, but again it is people's willingness to spend (aka backbone of the US economy).
     
    #20     Feb 27, 2020