Friday’s action last week was horrific, but since then we have seen a lot of pushbacks. It will be interesting to see how this plays out. Right now, I think it remains a “buy on the dip” market, but if it starts to sell off viciously again, you have to get out quickly.Market Volatility and Central Bank DemandThis is the type of market that is very dangerous because you have seen a massive capitulation to the downside and now, we are trying to continue a trend that was relentless before then. There is a lot ...

Core Insights - Gold (GLD) has shown exceptional performance in recent years driven by rising inflation, geopolitical issues, macroeconomic uncertainty, a declining U.S. dollar, and potential stagflation [1] Group 1: Market Conditions - Rising inflation has been a significant factor contributing to the performance of gold [1] - Geopolitical issues and macroeconomic uncertainty have also played a role in increasing gold's appeal as a safe-haven asset [1] - The decline of the U.S. dollar has further supported gold prices, making it a more attractive investment [1] Group 2: Investment Strategy - The focus is on building investment portfolios of high-quality, dividend-paying companies, particularly for lower and middle-class workers [1] - The investment approach emphasizes a buy-and-hold strategy, prioritizing quality over quantity in stock selection [1]

Tourism Industry Concerns - US hotel industry is negatively impacted by the deficit in international visitors compared to 2019 levels, affecting employees and overall business [1] - While global hotel businesses are maintaining revenue through travelers visiting other destinations like Mexico and Asia, US hotels are missing out on Canadian and European visitors [3] Factors Affecting US Tourism - Economic weakness in other countries and geopolitical concerns are potential factors contributing to the decline in international visitors to the US [2][4] - A strong US dollar is not the primary reason for the decline, as the dollar has decreased, making visits more affordable for foreigners [4] Impediments to Tourism Growth - Lengthy passport control lines at US entry points, such as JFK, deter potential visitors and negatively impact their experience [5] - Negative experiences at immigration and passport control can discourage future visits and spread negative word-of-mouth [5]