February 17, 2022, 9:57 am EST
Market Plunges and Gold Shines
Real action after yesterday’s FOMC meeting minutes starts today. Stock market plunges -450 points in Dow Jones index as of now. All major indexes are down about -1.3%.
Technically, today’s actions mark a milestone where all indexes lost all their moving average lines (20, 50, 200). Literally, it means that biases for all trend lines turn to bearish. In our opinion, this is the symptom of bear markets.
However, gold keeps shining for both inflation and bear markets: AEM, NEM, GOLD.
It is important to ensure the portfolio is strong enough to hold through the coming storms.