From Brian Hunt and Ben Morris, editors DailyWeath Trader, at growthstockwire.com:
In late March, we called it “one of the best assets to hold in uncertain markets” in our DailyWealth Trader service…
The title has since proven its merit.
The asset’s value has climbed 6% relative to U.S. stocks… and 10% relative to European stocks. Its value has risen 8% relative to gold… and 14% relative to silver. Its value even climbed close to 1% compared with 10-year U.S. government bonds, which are considered some of the safest assets in the world.
How has this asset performed in U.S. dollars?
Well… it is the U.S. dollar. The asset is cash.
Stocks have fallen hard over the last month. If you had most of your assets in stocks, it was probably hard to stomach. Gold and silver have declined, too, but more gradually. At the same time, the value of your cash has climbed…
Think about it this way… When an asset falls, it isn’t just a bear market in that asset… It’s also a bull market in cash. It’s an increase in the amount of assets you can afford.
To continue reading: The Bull Market in Cash Is On
