Sep 3 2020
the us indices – dow jones , nasdaq and s & p 500 all had a big crash today ..the tech heavy nasdaq fell almost 5 %
looks like wall street had a party going on which was disconnected from the main street ..
crypto currencies – bitcoin , etherium also crashed against the us dollar
although the jobless claims for the week came in less than 1 million , the market crashed .. looks like some profit taking .. people taking some money off the table …
while corrections are good , one of such large magnitude implies heavy selling from the big players
big falls are known to trigger margin calls and people will sell other investments ( gold , silver , platinum etc) to cover it .
so is there a correction in precious metals coming ?
wait and watch …Add to favorites