It is surprising that gold got sold off together with the stock market as the risk of the COVID-19 exploded recently. Investors sold everything indiscriminately. They sold not only stocks, but also supposedly safe haven gold and bitcoin. The thinking is that investors have been raising cash to cover their stock losses. Now the dust has settle a little bit, people are rushing back to gold related investments including gold ETF GLD and gold stock ETFs JNUG and NUGT. Looks like investors are reverting back to the proper way of investing ---buy gold when there's risk. Really, interest rate at its lowest level in history and the risk caused by COVID-19 virus is still exploding, gold and its related investments should be bought.
Since March 9 to March 16, Gold futures came down from 1704 to 1456, a 14.55% drop. GLD came down from 159 to 136, a 14.47% drop during the same period. What is stunning is from February 24 to March 16, JNUG dropped a whopping 97% and NUGT lost 88% during the same period. All the above mentioned ETFs would likely bring big returns especially JNUG and NUGT in the near term.
令人惊讶的是,由于最近COVID-19的风险激增,黄金与股市一起被抛售。投资者乱卖了一切。他们不仅卖出股票,而且还卖出了避风港黄金和比特币。这种做法的理由是投资者要筹集现金以弥补在股票上的损失。现在,尘埃落定了一些,人们开始奔向与黄金相关的投资,包括黄金ETF GLD和金矿股票ETF JNUG和NUGT。看起来投资者正在恢复使用适当的投资方式---在存在风险时购买黄金。确实,利率处于历史最低水平,而由COVID-19病毒引起的风险仍在爆发中,是应该购买黄金及其相关投资的。
自3月9日至3月16日,黄金期货从1704下跌至1456,下跌了14.55%。 GLD同期从159下降至136,下降了14.47%。令人震惊 的是,从2月24日到3月16日,JNUG 从105下跌至3.5,-97%,同期NUGT从43下跌到5,-88%。以上提到的ETFs都很有机会在短期内带来丰厚的回报,特别是JNUG和NUGT。
This blog follows the US stock market daily. Free market news, market comments, stock charts, stock and options buy/sell suggestions are provided throughout the day.
Tuesday, March 17, 2020
Gold Related ETFs Are Attractive 黄金相关ETFs 很具吸引力
Contact Email: tradeideablog@gmail.com
U.C. Berkeley graduated, former electronic/computer engineer turned investment advisor / analyst. In the market 42 years with focus in market timing, learned from experience to trust charts,combine with trend, valuation, news and investors sentiment in making trading decisions,, knowing anything can happen to the market so very flexible to trade both sides of the market. 1992 CNBC/USA Today Investment Challenge professional options division champ with 3 month return of 1125%. In real life trading accomplished 9600% return by trading TZA options in the course of 3 months, doubled account value in 3 months by trading 3X ETFs. Now retired and enjoy trading stock and options daily. On going partnership with Sing Tao Daily and Sing Tao Radios in offering advanced stock and options trading classes semi-annually.
联系Email:tradeideablog@gmail.com
伯克利加州大学毕业,前电子/计算机工程师转为财务顾问/股市分析师。 在市场42年,专注于参与市场时机。从经验中学到信任图表,结合趋势、估值、新闻和投资者情绪做出交易决策。知道任何事情都可能发生在市场上,因此非常灵活地参与买涨及做空,参与市场的两个方向。 1992年CNBC /今日美国日报投资挑战赛专业期权组冠军,3个月回报率为1125%。 在现实生活中,通过在3个月内交易TZA期权获得9600%的回报,通过交易3X ETF在3个月内使账户价值翻倍。 现在退休,享受每日交易股票和期权。 与星岛日报和星岛电台合作,每半年提供一次深入的股票和期权交易课程。
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