Gold May Be Ready to Launch, Plus Another Day Another Amazing Stat

from King World News

As we continue to see volatile trading in the second quarter of 2020, it appears gold may be ready to launch, plus another day another amazing stat.

Shades Of Yesterday

April 8 (King World News) – Jim Bianco, CEO of Bianco Research: “Another day another amazing stat… Today the DJIA was up over 4% and closed down on the day. Since 1925 (95 yrs!), up more than 4% and closing down on the day has happened only one other time … Oct 14, 2008 (Treasury Sec Hank Paulson forced the banks to take TARP money). The S&P 500 was up 3.5% at the high and closed down on the day. Since April 1982 (daily H,L,C began) has happened three other times…Oct 3, 2008, Oct 14, 2008, and Oct 17, 2008. This market continues to trade like Oct 2008. It was six months and another 25% down before the low.”

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