Quote:
Originally Posted by Penn
NYSE to CLOSE on MONDAY, supposedly for the COVID-19, but my thinking is to stop the carnage.
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Electronic trading will still be open, they are just closing the trading floor.
As far as the gold market, that's my playground. /GC (gold futures) are not for the faint of heart or gamblers. It's a cold-hearted, take no prisoners day trading/short term place without the requirement for the $25k account. I've made both my biggest wins and biggest losses in there. It's also incredibly risky if you don't understand futures inside and out. Oil is similar, but lower volume and more prone to random seeming swings. Often the actual value of gold has no real effect on either market. It's about buying and trading the paper, not the gold or oil for most of the participants. Very rarely will a futures contract get exercised.
I also like some of the leveraged ETF's in the same spaces. NUGT/DUST is my favorite pair.