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The rapid spread of the coronavirus has quickly halted economies, sending shock waves throughout financial markets around the world.
The S&P 500 is already down 30% from its all-time highs made just five weeks ago.
In comparison, it took about a year to drop 30% the midst of the 2000 tech bubble and the Global Financial Crisis of 2008.
Many are wondering if we're in the early stages of another recession… or worse, a depression.
So, does that mean the stock market will close?
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We've entered a bear season.
Securities have fallen 20% from recent highs.
And it seems the markets get more uncertain with each day COVID-19 is around.
The spread of coronavirus is called a "black swan event."
It's the word for an unpredictable scenario that creates a more erratic market than normal.
Well, the gloom of a word like "black swan" isn't lost on anybody right now.
The CBOE Volatility Index (VIX) is up above 60.
For perspective, the VIX has barely broken 30 in the last 10 years.
What this means is, unfortunately, most people don't know what's going on.
Or what's going to happen.
But let's not forget, even in times like these, there is a right way to handle your money.
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Even though the U.S. Federal Reserve suddenly cut interest rates 50 basis points on Tuesday to combat the market dropping 12% last week, it wasn’t enough to calm markets down.
The day of the emergency rate cut, the Dow Jones dropped 700 points.
On Wednesday, the Dow was up 1,100 points… Only to give back most of the gains on Thursday, when it dropped another 1,000 points.
And halfway through the trading day Friday, it’s already down another 600 points.
Whether coronavirus is the event that takes out the market or not, you have to be prepared.
You need a plan.
And we’ve done the research on how to protect your money.
Here are the two best ways to hedge coronavirus fears in case this volatility continues.
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Over the last 12 months, the price of silver is up a remarkable 16%.
Since its lows of early 2016, the metal has gained an impressive 42% so far.
I think 2020 is setting up to be another positive year for this precious metal.
Here’s a look at the details on silver’s fundamental and technical setup, and what that means for the price of silver in 2020.
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Gold investors are getting frustrated as the price of gold continues to drift sideways.
But this is a blessing in disguise for anyone who hasn't bought gold – or wants to stock up some more.
The gold price has already gained 17% in the last 12 months, and 2020 promises even more as banks around the world buy up gold.
In fact, the price of gold could reach a five-year high of $1,700 next year...
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The price of gold is up by an impressive 20% since Thanksgiving last year.
That's even a bit better than the S&P 500, which has climbed about 19%.
I'm thinking gold could hit the $1,700 level in 2020 thanks to a catalyst we haven't seen since 1999.
But that's not the only thing driving gold prices.
Movement in the price of gold has largely been unnoticed by the average investor.
The big money, however, has been very active in the gold market.
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The price of silver might not be finished correcting yet, but it will soon. Here's why you should keep an eye out.
Ever since silver peaked around $19.50 in early September, investors have wondered how much consolidation lies ahead.
But silver prices in 2020 could even challenge five-year highs.
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There's plenty of resistance facing the price of gold.
But we're entering what's typically the strongest season of the year for gold stocks.
And we fully expect the price of gold to rise soon, just after a little more near-term correction.
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The price of silver has slid in the last month.
But it's still only in correction mode.
In fact, the data shows that silver prices have outpaced the broader markets since May, and they will continue to do so.
I expect its out-performance to continue as the Fed is now back on a $60 billion monthly T-bill buying program.
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Has gold finished correcting? That's the big question facing gold investors right now.
The price of gold was red-hot this summer, with 22% gains in just three months.
And while the gold price has since pulled back about 4%, it's looking especially resilient in the face of a robust dollar.
In fact, the U.S. dollar index is at two-year highs, while the gold prices have regained six-year highs.
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