Originally posted by longrunsthefox
Skol,
I was wondering about your opinion on the market for the next 6 months, do you think the dow will climb higher or stay steady for the foreseeable future; I am thinking of moving my super to safe mode .
Thanks in advance
Skol,I was wondering about your opinion on the market for the next 6 months, do you think the dow will climb higher or stay steady for the foreseeable future; I am thinking of moving my super to safe mode .Thanks in advance
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Hi LRF
I sold an Asian Fund a year ago which was very fortuitous indeed, I didn't realise at the time that Asian stockmarkets would take the hit they did, however I haven't sold off any off my other funds, just taken a few profits on individual stocks, and added to some others.
I won't be selling up and getting out, there's no recession in the US in sight and I read the other day that 80% of all trades made in the USA are automated. All the articles I read are quite positive and this selloff is overdone, even thought goldbugs will tell you this is the great crash they've been predicting for the last 10 years and everyone needs to load up on non-dividend paying gold and silver bars.
Andy's track record with gold juniors is something I would be keeping to myself if I were him, and he purchased gold when the price was its zenith, it's all here on HC.
Economic indicators in the USA are positive, there's low unemployment which is forecast to tick lower and the economy is still growing, albeit at a lower pace. The tariff drama with China might be over soon if you believe Trump, which could boost the markets.