Insanely, I bought gold yesterday, so far so good. Hedged it today, selling oct covered call at 170, hard to lose money that way, though limits upside/
Market closed below my short, will cover in morning on any dip. My gut says goes higher at first, then a small correction.
btw, in past, spx always drops about 2% from todays highs in the next couple trading days. But am still sure we go higher for another couple weeks.We are so overbought, on phony news
Oh, and I am pretty sure a terrible recession, with higher gas and food prices is coming soon. MY gf has stored a ton of food in my basement, and I keep buying enough for the next couple years of stuff that will not go bad, like my staples:chocolate, olive oil, canned tuna fish, etc. Store them in the fridge or in the basement. BEst investment I can make with my cash.