I mentioned before that I bought two safe haven bets (TMF and NUGT) back in September. They were at times down over 25% combined, but as of today I would have finally climbed back to even if I had not sold in November/December.
There was a big gain in safe havens based on speculation in the months leading up to last September when I bought. The news now about coronavirus is driving them up, but I think it's indicative of the fact that there is a lot of potential energy wanting to push safe havens up given the right news.
Can you imagine if the unemployment rate rose significantly? Can you imagine how much safe havens would climb then?
There was a big gain in safe havens based on speculation in the months leading up to last September when I bought. The news now about coronavirus is driving them up, but I think it's indicative of the fact that there is a lot of potential energy wanting to push safe havens up given the right news.
Can you imagine if the unemployment rate rose significantly? Can you imagine how much safe havens would climb then?