Previous Post Dow 2020 Crash Watch , Dow, Three strikes and your out!
Today's smash was expected after TRUMP made this virus a real thing. But you can also bet that the Treasury dept new what TRUMP was going to say and they had their targeted naked shorts to get money out of securities the do not want leading trends in the near future, like gold, silver and crypto currencies.
Today is a rush to cash. Now the central bodies have Friday and the weekend to slow the panic, organise a defense and cause consolidation, just like 1929, 1987, 1937
Update: FED prints $1.5 trillion, just like that!
Recession stocks like DG, WMT and COST are trading better than gold, go figure.
Some charts.
Looks like the big boys stayed out of this last rally, smart money was way ahead of the crowd.
Just like 2008 contagion selling hit gold, for 1 monthly bar (maybe 2 this time), now we watch for the smart money to accumulate in the strong trends for the next 12 months. Our bet gold, silver, bonds and crypto will be attractive to the smart money once the margin calls and panic selling is done in the next few weeks.
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