How will China Impact the Market?
by JDH on January 25, 2020
As I write this on Saturday morning, January 25, 2020, the coronavirus spread is accelerating in China, and that’s not good news.
Gold was trading at $1,546 on January 21, and sits at $1,571 now, so it would appear that speculators are moving to gold for protection against whatever may happen next.
Needless to say, my gold holdings did very well this week.
Interestingly, Tesla, with the big factory in China traded as low as $505 this week and closed at $564, so apparently no-one in Tesla-land is worried about China (although the stock did peak at $595 in the middle of the week, so we’ll see how it progresses next week).
Apple, also with big production in China, bounced around this week but ended the week slightly higher, so no sign of any direction there.
Impeachment Theatre also appears to be a non-event, but we shall see.
I continue to assume that the Fed will continue to print money to keep the markets high leading into the election, so owning the blue chips is probably safe, and I’ll continue to own gold.
That’s the quick update.
More next week, if anything actually happens.
How will China Impact the Market?
by JDH on January 25, 2020
As I write this on Saturday morning, January 25, 2020, the coronavirus spread is accelerating in China, and that’s not good news.
Gold was trading at $1,546 on January 21, and sits at $1,571 now, so it would appear that speculators are moving to gold for protection against whatever may happen next.
Needless to say, my gold holdings did very well this week.
Interestingly, Tesla, with the big factory in China traded as low as $505 this week and closed at $564, so apparently no-one in Tesla-land is worried about China (although the stock did peak at $595 in the middle of the week, so we’ll see how it progresses next week).
Apple, also with big production in China, bounced around this week but ended the week slightly higher, so no sign of any direction there.
Impeachment Theatre also appears to be a non-event, but we shall see.
I continue to assume that the Fed will continue to print money to keep the markets high leading into the election, so owning the blue chips is probably safe, and I’ll continue to own gold.
That’s the quick update.
More next week, if anything actually happens.