March 8, 2021

Let’s Talk About Stimulus, Tesla, Gold & Commodities

Midas Letter
Midas Letter
Let’s Talk About Stimulus, Tesla, Gold & Commodities
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The $1,400 stimulus checks are probably the most popular part of the $1.9 trillion coronavirus relief package that has just been passed.

Will this cause an injection into stock market prices or have a “buy-the-rumor, sell-the news” effect?

The price of Tesla Inc stock (NASDAQ: TSLA) has crashed more than 15% this year.

Do investors in the electric car leader need to panic, or is this healthy consolidation from an overly stimulated stock price?

When inside inflationary periods, traditionally, you would expect gold prices to follow. Gold is usually seen as a hedge against inflation after all…

So, why is gold not responding as other commodities are flying?

All of these questions and more will be answered in today’s Roundtable video. Enjoy and happy trading!

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