Black Monday: Dow and other markets taking a plunge

[Southie]

Re: Black Monday: Dow and other markets taking a plunge

@PyariCgudia

I read a few weeks ago I think that the gold prices were coming down swiftly. This didn’t happen overnight. I was telling my dad to take a look at gold jewelry a few weekends ago and he told me to hold off, prices are going to fall more.

Actually gold peaked at circa 1850 3 years ago. Not sure how swiftly gold fell last few weeks.

At 1850 everyone was bullish. At 1150, nearly 40 pct down, folks are bearish.

Makes no sense.

Anyway I don’t know what moves gold. But it is not clear what is the basis olto be bearish AFTER a 40 pct drop from the peak.

Buy high sell low seems to be a mantra equally applicable to all asset classes.