This chart shows gold's history for the last 5 months. Econintersect has paid special attention to gold and silver as they have been the best performers for the last few years. We expect to buy gold and silver through ETF's and stocks, and buy and sell options on the metals and their equities. From time to time we hope to trade some of the junior miners as well.
From Bloomberg:
In October 2008, [gold] prices tumbled 18 percent as the worst financial crisis since the Great Depression spurred losses in global equity and commodity markets. The metal then rebounded and gained 23 percent in the next two months.
Gold is down around 20% in this correction!
These are not our only focus. We will follow the major indexes and some stocks that we like. Most of our trades will be on equities and options that have high volume and are very liquid.
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