In previous streams, when gold was trading for around $1,500 per ounce, Tom predicted it would hit $2,000. Today, with gold trading for $1,750 - halfway to his prediction - Tom now thinks we could see $3,000 per ounce gold in the not so distant future.
That's because, as central banks around the world continue printing fiat money to try to solve the many problems they have, the value of gold should continue to rise since it's limited in supply.
Speaking of limited supply, Tom thinks the halving in Bitcoin's supply in May will also drive it significantly higher.
As long as demand remains the same and half the amount of new Bitcoin is issued over the next four years until the next halving, Tom expects the price will rise considerably.
Tom put together a gift for his live stream viewers today.
It's packed with valuable, timely information on NFLX, SPY, TLT, FXE, and USO.
D.R. thinks the market was up through the first half of trading today because the 4.4 million new Americans filing for unemployment was an improvement compared to past weeks.
But that doesn't take away from the fact that we are still losing jobs at a record pace. And the longer the economy remains closed, the harder it will be to bring back jobs.
D.R. explained that the market moved lower mid-day because Gilead Sciences Inc.'s (NASDAQ: GILD) new drug, Remdesivir, did not prove effective in treating coronavirus in early trials in China.
Shah answered questions from live stream viewers today:
He thinks that the futures market has "broken" United States Oil Fund ETF (NYSEARCA: USO) in the short term. But it could fix itself if oil continues rise back to "normal" levels.
If you're a new investor, Shah said it's always a great time to get into the market because it's one of the best ways to generate long-term wealth. But if you're doing so today, make sure to start small.
Catch us tomorrow - starting LIVE again at 8:45 a.m. EDT with Chris Johnson, right here.
If you missed our live streams today, you can now replay them on our YouTube channel, here.
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