- Global stock markets have been pummelled by double digit crashes within 3 days
- $10 Trillion Dollars lost in global stock markets, with $6 Trillion Dollar lost in US alone, within 2-3 days
- For first time in history, we are seeing Multi-Trillion dollar daily losses in stock markets
- Globally and in US, all key indices have entered bear market territory with a few days
- Though the markets are slightly recovering by Tue, 8th April - this is more like a bear market bounce and not really a new bull market - Bear markets can have huge head fake rallies, compared to bull markets, so one needs to be careful.
- Crypto Currencies have also taken a huge hit
Even in this scenario, Gold is holding high with only ultra-small minor corrections, and holding the neck high above $3,000 per Oz.
This proves the resiliance of Gold.
For the first time after 1971, Gold has become 'Flight to Safety' or 'Safe Haven' when everything else is falling like Gold historically was during the Gold Standard era before 1970.
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