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Flight to Safety in Market Today

 
 
 

NUGT, flight to safety

With the geopolitical event in Syria, smart money is going to safety.

Released on Friday, April 7, 2017, 7:30 AM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - The United States completed a precision strike on a Syrian airbase after 9 PM ET last night to send a message to the Assad regime. This is a major geopolitical event and it is certainly affecting the markets, as most geopolitical events do. This geopolitical event could have aftershocks that last into the weekend at least and most likely throughout next week. There will need to be diplomacy and this includes International players like Russia.

Gold, Crude Oil and Volatility are all in play already in the premarket today with all of them moving higher as investors flock to safety. Both Crude and Gold are up over 1%, which is a pretty decent move. Old energy, such as oil, natural gas, and coal were already looking like the place to go with tech overheated, and now old energy really looks like the place investors will flock over the coming days. Not to mention that old energy is being benefited by several rollbacks of regulations recently by President Trump. This certainly puts the Direxion Daily Energy Bull 3X ETF (NYSE:ERX) in play and it's at a great point in its chart going into today.



Volatility loves to perk up during geopolitical events. The VIX swung higher from both the Brexit in 2016 and Greece debt crisis in 2015. The ProShares Ultra VIX Short-Term Futures (NYSE:UVXY) is perking up this morning in the premarket up 2.45%, so watch it to be in play today and potential spill into next week.

Gold of course is the biggest flight to safety play. The Direxion Daily Jr Gold Miners Bull 3X ETF (NYSE:JNUG) is up over 4.50% and the Direxion Daily Gold Miners Bull 3X ETF (NYSE:NUGT) up almost 4%.

Smart money is moving in heavily and confidently to the investments above in the premarket. Odds are there will be some aftershocks that will spook the market.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 17 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded SpeculatingStocks.com, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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