Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
“These are not normal times!”
I keep hearing and reading comments to this effect, and I have to ask myself, “What’s normal in a pandemic?”
After testing lows hit during the end of last year, gold prices rebounded last week to trade around the 200-day moving average, which is currently around $1,500 per ounce. Prices closed the week at $1,484.60 per ounce.
Are you hearing this line over and over again as friends and associates get together and have the chance to talk? I sure am.
Gold sold off dramatically late last week, breaking through the 50-day moving average on Thursday (3/12) and testing support at the 200-day moving average on Friday (3/13). Gold prices closed the week at $1,516.70 per ounce (see the following chart).
While the stock market has tumbled since making a new high on February 20, giving back all of its 2020 gains, I want to provide you with some good news. Accounts here at Flexible Plan Investments, Ltd. (FPI), are weathering the storm very well.