Given recent actions, the way we view fixed income may be changed forever.
Price support and Fibonacci timing cycles suggest a gold bounce is due in the next time window.
I'm still not sure a bottom is in play in the market yet, but I do feel like we have the setup for a bounce.
GLD longs should protect their positions right now.
When markets become excessively volatile, it's a good idea to look at charts from a longer-term perspective.
A look at GLD and the Fidelity Select Gold Portfolio fund.
These real-life examples don't mean leveraged ETFs are without their use. They can make terrific short-term and intraday trading vehicles.
But don't throw up your arms yet -- here are names that could be golden opportunities.
This is the time to high grade your portfolio, take some losses and move to better stocks.
The coronavirus outbreak is a big deal. But there are plenty of other reasons why gold is going much, much higher.