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6 years 5 days ago #16308 by Libero
Replied by Libero on topic DOW

remo wrote: From what I heard Americans have to pay for a test for corona...Surely people ain’t going to bother so likely to be worse than they realise in America...
I’m short on Dow and long on gold....



Hey Folks, I hope you're all staying safe. And for those trading this baby, hats off - you're all legends in my eyes!

With regards to Remo's remark (above) - here's an extract from Donald Trump's favourite "paper", the Washington Post :P

The race to curb the spread of the new coronavirus could be thwarted by Americans fearful of big medical bills if they get tested, low-income workers who lose pay if they take time off when sick, and similar dilemmas that leave the United States more vulnerable to the epidemic than countries with universal health coverage and sturdier safety nets.


So, it could dicey in the US; moreover, consider this: if the above message is capitalised on, it could pave the way for greater support for Bernie Sanders - which a large number of the "1%" and Markets dislike greatly.

If things (based on the above) gain momentum, Sanders' policies will get more traction, and it will be a straight shoot-out between a "healthcare for all to defeat Corona" message vs "Healthcare for those who can afford it and the hell with the rest" slogan.

It could be a wild ride, and there's more than just markets riding on the outcome in my humble view.
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6 years 5 days ago - 6 years 5 days ago #16307 by AdeMcG
Replied by AdeMcG on topic DOW
For a simpleton like myself, :P what is the easiest ( and safest) way to profit from exposure to:
A.) Gold ( perhaps an ETF?)
B.) The DOW long or short

I have an active iii trading and share ISA account and I don't really want to open an IG index account and lose lots of cash like 64% of all their accounts :silly:
cheers
Ade
Last edit: 6 years 5 days ago by AdeMcG.
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6 years 5 days ago #16306 by remo
Replied by remo on topic DOW
From what I heard Americans have to pay for a test for corona...Surely people ain’t going to bother so likely to be worse than they realise in America...
I’m short on Dow and long on gold....
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6 years 5 days ago - 6 years 5 days ago #16305 by Trendfriend
Replied by Trendfriend on topic DOW
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...r4yO1vDcMDL5jgh4g%3D

looks like the rsi hit resistance yesterday....and will fail to break out....
no clear direction atm....so lets see...

www.bbc.co.uk/news/world-us-canada-51740706

i think things are a lot worse than many countries are telling us imvho....
the cash strapped Americans wouldn't release $8 billion if they don't expect a war....but hey wdik...so lets see...

atb, wdik, dyor,
trendfriend :)
Last edit: 6 years 5 days ago by Trendfriend.
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6 years 5 days ago #16304 by Syrian Empire
Replied by Syrian Empire on topic DOW
Sold my US/UK Tracker Funds - Bounce must be nearly done? Now just need to sit on my hands :whistle: and hope for more panic selling :S
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6 years 6 days ago #16303 by Trendfriend
Replied by Trendfriend on topic DOW
can't see one good reason for this rally today....

i'm staying short....closed one position...but keeping the rest....lets see...

atb
trendfriend
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