Ray Dalio and central banks turn to gold, prepare for crisis

While the Federal Reserve seems to hold a neutral view of the economy in the medium-term, prominent investors like Ray Dalio, as well as central banks, are stockpiling safe haven and hedge assets to prepare for what they believe is a coming economic downturn, this according to Phil Streible, senior market strategist of RJO Futures.

“One of the guys who I really follow, Ray Dalio and Bridgewater, they came out and bought about a billion dollars worth of put options in the S&P 500, so that tells you that these guys are preparing for some kind of crisis,” Streible told Kitco News.

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 28015.10 1.20%
S&P 500 3145.91 0.91%
NASDAQ 8656.53 0.99%
TSX 16996.97 0.84%
TSX-V 537.82 0.00%

Resource Commodities

Name Last Change
Gold 1460.12 1.07%
Silver 16.58 2.17%
Copper 2.71 2.711
Platinum 901.00 0.67%
Oil 59.20 1.30%
Natural Gas 2.33 3.98%
Uranium 25.80 0.00%

@RSDigest ON TWITTER