The opposite is happening...
With Trump's victory, the markets are supposed to tumble because of his radical and irrational approach. Gold is supposed to rise due to uncertainties. Warren rallied against him and is now one of the biggest beneficiary! Luckily I didn't buy gold bullion!
However, it is early days yet...
posted by Club Mulgoa @ 11:20 AM
1 Comments:
On Monday, with the SPI at -8 at the moment, it means the ASX All Ords will fall when it opens. However, when you look at the price of oil and gold, it actually is more meaningful! Australia is tied to the energy market because of its oil and gas production, mostly liquid gas. And it is one of the biggest producers of gold.
Hence, when the SPI is down but oil and gold are up, I can optimistically predict that one of my portfolios should do well :-)
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