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Can anyone say why gold (GLD) is dropping so much too? I would've thought it would be a rough inverse of the market. It's still up over the last month (just bar

• pja 7y ago
  The impact of the Coronavirus epidemic means that many companies & individuals can see that they’re going to have a short term cash squeeze this year - they have interest payments due & the income to pay it isn’t going to be there. So they’re selling anything that can be sold to raise the cash to make those interest payments - in a strongly deflationary environment you’d expect $/£/€ to rise against everything, including gold and bitcoin, which is exactly what’s happening.
• Thriptic 7y ago
  People are getting caught in a liquidity crisis, which is one thing that happened during 2008 too (albeit in a slightly different way). They don't have enough cash for basic use and are being forced to sell whatever they have to meet obligations.
• Cthulhu_ 7y ago
  I suspect (but I'm far from an expert) that a lot of market products are traded together, automatically by computer systems. Invest in everything, sell and buy a bit of everything at the same time. Why do various cryptos seem to follow each other (roughly) up and downwards?
• whb07 7y ago
  Let's say you've been buying gold since its been at $1300/oz (or even before that), at what point do you tell yourself the moment is right to start selling in order to buy things for cheap? The point of gold is to have buying power in times where very few have any of it. So liquidate some gold and start buying healthy companies for the cheap.