TODAYNot sure why GDX ,and therefore EDV, is down today. The price of gold is about the only thing that isn't down today. Nasdaq another stunning 4% down, the others ditto, but not quite as extreme. Bitcoin, do we need to mention the cryptos any more? I have no idea how they work as far as price goes, and as people figure out how they work in general, what they are finding isn't good.
The big three: S&P500, Nasdaq, and the Dow are within a couple days, at today's rate of decline, from giving up all the gains they got post start of the pandemic. Basically the past two years gain. Real Estate is just starting to fall, but fall it will.
I am trying to find something that is rising. Oil? Not really rising is it. It has risen a bunch, but at this point I'm not so sure. At this price it will continue to cause lots of inflation, because high oil price makes many things more expensive. Same for wheat I would think. Good chance lots of things have peaked.
So , please help me, where can I put all the money I made when I sold all my Bitcoin at $60 thou? Bonds look like a terrible bet right now, great yields, but the principal is far from safe. The US dollar? Maybe get a percent or two there, or maybe not. And I want more than a percent or two.
Yes I have been looking at gold companies, better than buying gold I would think. When I bought Bitcoin it was easy to figure out the general mood. Many forums where they just wouldn't stop talking. The enthusiasm was amazing. Looked like a total safe bet, and it was, for awhile.
A friend recomended I check out Endeavour, but no one is saying anything. Hard to get a feel.