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Equities indices fell greater than 3% on Wednesday, with gold and silver also liquidating. Phil Streible, chief market planner of Blue Line Futures, beaks down the key basics behind this sell-off and why gold did not act as a safe haven asset today.
0:00 – Breaking down today's steps
2:45 – Trick levels for silver and gold
4:11 – Bear trend?
5:05 – Could things become worse?
5:44 – Pre-election method
7:35 – What to trade
8:36 – Gold mining stocks
9:47 – Appraisals
11:02 – Can volatility last?
12:01 – Belief on threat
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Markets tank; why is gold not trading like safe haven? March all over again? Expert answers
Equities indices fell more than 3% on Wednesday, with gold and silver also selling off. Phil Streible, chief market strategist of Blue Line Futures, beaks down the key fundamentals behind this sell-off and why gold did not behave as a safe haven asset today.
0:00 - Breaking down today’s moves
2:45 - Key levels for gold and silver
4:11 - Bear trend?
5:05 - Could things get worse?
5:44 - Pre-election strategy
7:35 - What to trade
8:36 - Gold mining stocks
9:47 - Valuations
11:02 - Can volatility last?
12:01 - Sentiment on risk
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.