After disappointing job claim, empire state mfg data, phily fed survey, last month 0 job added in non farm payroll, the market is on the edge of recession.
Many says Gold is safe haven, but its not true. GOLD also slumped during the recession. But the only positive thing about gold is its slipped less in terms of percentage as compared to DJI, S&P500 and NASDAQ. The worst affected was silver.
The way to play this market is hold cash in hand. Also take advantage if the market sell off too much or it rallies too much. Take quick profit. Watch out TZA, and TNA to find if the bear or bull are rallying the market.
The other way to play is using options call or put.
Many says Gold is safe haven, but its not true. GOLD also slumped during the recession. But the only positive thing about gold is its slipped less in terms of percentage as compared to DJI, S&P500 and NASDAQ. The worst affected was silver.
The way to play this market is hold cash in hand. Also take advantage if the market sell off too much or it rallies too much. Take quick profit. Watch out TZA, and TNA to find if the bear or bull are rallying the market.
The other way to play is using options call or put.
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