 How are you guys doing? This is Rich from Mississippi Live and right now the markets are red So the markets are red. They've shown themselves to be red so Looks like so far. We're gonna have a red day tomorrow and gold is green Gold is green and the markets are red. So that's what it looks like so far We're not down that bad where it's like insurmountable But we're down We're red So so far looks like a red day for tomorrow so far, but it could change and It looks bullish for gold gold is doing relatively well It did really well that has come back a little bit, but it's still green So still pretty good for gold, but overall the markets are red So I think we need to be prepared for a red day tomorrow, but it could change. It's still early Still early. There's a lot of markets that need to open up The trading has just started and so far we're red, but let's see where that's going to go Let's see where that's gonna go now we do have some We do have some Picks that we can take advantage of if the market is Red so if the market's red we can Take a look at sqqqq. I think if we have a big red day tomorrow You should definitely look at the sqqqq etf, which is a short etf I think that that's one of the best plays If you're looking to short the market and you don't want to short You want to buy a stock that's actually shorting the market sqqq SKF is another short etf you can look at and You can also look at all the VIX you can look at the VIX You can look at the VIX Y and you can look at the VIX M VIX VIX Y and VIX M So if you are bearish on this market, you can make money on the way down if you're bearish on the cannabis sector You can buy the HMJI ETF If you're bullish on the cannabis sector, which I am very bullish on the cannabis sector right now because Cannabis has been deemed an essential service Because cannabis has been deemed an essential service I believe that cannabis is going to be extremely bullish and From what I've Learned through my research Cannabis companies are making two to three times right now what they usually make Cannabis companies are making two to three times right now what they usually make Because people are loading up on cannabis Instead of buying a little bit of cannabis. They're buying a lot of cannabis just like everybody's buying a lot of food Everybody's buying a lot of cannabis Because it's something that they want to have a lot of Just like everybody doesn't want to run out of food People don't want to run out of cannabis. They don't want to run out of their medicine Does that make sense? They don't want to run out of their medicine They don't want to run out of their medicine so people are loading up on cannabis So right now cannabis companies are going to have more sales than usual Just like cosco and walmart are going to do more sales than usual because everybody needs toilet paper Everybody needs food Yes, stay at home Stay at home Practice social distancing If you do go outside And i'm not suggesting you should but if you do go outside for a walk or something like that Make sure you practice social distancing wash your hands If you have to wear a mask wear a mask take all the precautions necessary We're living in a very very very crazy world here in 2020 It's a crazy world in 2020 crazy world Crazy world But it doesn't mean we can't make money We can still make money in this crazy world Bunker down and just buy stocks Bunker down Buy stocks buy gold Short stocks short gold buy oil short oil Whatever we got to do man Whatever we got to do Whatever we got to do man just stay at home Keep your distance And the heroes are the people that are the essential services that are on the front line, man So respect to you guys, man Shout out to all the nurses all the doctors All the essential services that are going out there every single day putting their health on the line For everybody else to be able to still operate our lives As normally as possible in a very crazy time Where the world has gotten Very very weird Right The world just got weird Coronavirus stocks for the week. I think there's lots I think there's tons I think uh, you know, we always got to be looking at coronavirus stocks and you know I mean, I'm looking at mRNA. I'm looking at I you know, I'm looking at Sona I'm looking at TNXP. I'm looking at RTTR I'm looking at GILD. I'm looking at TDOC RMTI AGN And so much more I did a video earlier Talking to you guys about one of my secret stock picks that I'm looking into and they're getting into the coronavirus space QSC QSC just remember who told you first Yeah, the Dow futures are down Dow futures are down So we're in this crazy roller coaster right now, man The military has been called in. Yeah, I think this is a really dangerous situation And we need to take the necessary precautions and Everybody needs to take this seriously and everybody needs to get food and supplies and Be prepared to stay home Because at some point if they put us in a full-blown lockdown We're not going to be able to go outside as much So whatever you need to do right now do it because I don't think our window of staying Like our window of freedom to go outside is closing Our window of freedom in North America to go outside is closing you guys feel that because I feel that and You know, what do you do to stop this other than shut everything down, right? People can get sick and could potentially die from going out of their homes and people could die because We get stuck at home too long So it's a really dangerous situation The only thing I can think of that is going to work is for everyone to just stay at home Stay safe It gives you the best chance Because that's what we've been told so 140,000 cases the United States Yeah, it's scary, man That's a very scary situation for the United States and I mean we're here in Canada. We're right there, right? We're right beside the United States and we're getting cases at a very alarming rate for ourselves as well considering the size of our country so I think we need to stop the flow of all traffic and if you stop the flow of traffic you have a chance to Minimize the damage But if you don't stop the flow of your traffic You can't minimize the damage And it's only going to get worse So in my opinion, you got to stop the flow of traffic Yeah, the numbers worldwide are just frightening when you think about it the death toll the cases it's It's frightening And obviously that's what's affecting the marker right now, right? That's the constant story Nothing else is big news anymore outside of the coronavirus because it trumps almost anything right now Seems like it's the biggest news and it just trumps anything and everything everybody's talking about the coronavirus I was talking about it two months ago and nobody wanted to talk about it and now everybody wants to talk about it so You know, I was concerned about how it was going to affect the market and clearly it it's affected the market but It's created some buying opportunity. It's creating some dips And then you always got to remember that at any point in time They can just use some of that stimulus money to just pump up the markets Sherry says too bad people didn't listen to you in january Hey man you know Rich TV live is strictly for education and entertainment purposes. So I understand I don't take it personally If I could just help one family Help save one life Feel like I did my job You know My goal here is to just teach people how to invest in the best And how to create financial freedom and we're doing it and every day we're getting closer to that and um You know the markets right now are red and you can make money on the way down Stay home planted. Troy. Yeah, you're right 100% brother Yes, Abbott technologies big news. Yes Everybody wants to get into the coronavirus space guys. So that's the hot topic right now coronavirus So everybody wants to jump in Do I think it's gonna be a good day for jnug? Yeah, I think if gold does well Jnug is gonna do well right now gold's up. So I believe it will be a good day for gold. I think gold is going to be a safe haven like Investors are looking for a safe place to put their money You know must I remind Canadians that the number one and number two companies in canada Our rbc is number one and td is number two So if you're looking for the two best canadian companies start with rbc number one td number two Those are the facts Canadian banks are very heavily reliant on oil heavily invested in oil So when oil is going down that's affecting our banks So our banks are going down right now because oil is going down plus the coronavirus So it's the double whammy. So you got the oil going down plus you got the coronavirus People are talking more about the coronavirus than they're talking about the oil But uh, obviously the oil is a problem too Oil is a problem too It's not you know Oil is a problem too, right so You know You know the oil price is an issue and then Because there's an oil war happening right now between russia and saudi arabia and Saudis are flooding the market with cheap oil, which is bringing the price down And people are losing jobs and businesses are going bankrupt because With the cost of oil So low There's just no margins People are operating on higher margins. So when the price drops so dramatically It affects the underlying businesses It affects the underlying businesses so Yeah, I mean a lot of people are going electric and that's what a lot of people are saying is there's an over Supply of oil now that there's electric vehicles so I don't know if That's really the case But as an investor when I see an asset go really really low the lowest it's been in years I have to take that opportunity That's just the way I think but um You know everybody's different, you know like some people think things are going to fall to the bottom and just disappear I don't look at it like that. I look at it like Historically oil has never really been at 21 dollars for long So this is a great buying opportunity as far as I'm concerned That's the way I look at it I think gold is a safe haven and even though gold is approaching its all-time high gold's all-time high is 1,896 That's the all-time high for gold I believe we will see gold break its record. I believe we will see gold go to 2000. I really believe that You know, but in a time of a lot of volatility I believe there are also a lot of people that are pulling their money out of gold I think people are pulling their money at everything And you know that's Smart way to protect your equity if you believe that there's going to be a lot of volatility in the markets So I totally understand it so Once the market starts stabilizing And the banks get stable again because banks can't even do transactions I go into the bank to deposit stock and uh They're not they're not open for business like The bank's not open for business. So it's like You know Why am I not able to deposit stock? Oh, well We're we're opening up too many accounts right now because everyone wants to be a trader now that Everybody's at home. So we have to like shut it down so we can catch up to all the all the accounts I'm like, so I can't deposit shares. I'm already an account holder I can't deposit shares so, um Because I'm working on depositing high times Trying to get my shares for my transfer agent for high times And I can't even deposit my shares So it's a crazy situation plus other shares that I've invested in so Other companies I've invested in that I wanted to pause it. I can't deposit right now. The banks won't even take it Big opportunity coming this week, I believe you think the market's gonna crash You know, there's a lot of talk about trump saying that he's thinking about quarantine in new york new new jersey and Connecticut, I haven't heard him do that yet. Some people are saying he's come back from that now um You know I'm not here to tell anybody what they should do. I'm not here to shut down wall street That's the last place I'd want to shut down The last place that I want to shut down would be wall street um So I mean like if you have to shut down everything but wall street, you know, like do that, you know, um You gotta you gotta keep wall street up, man You have to keep wall street up people have to be able to make money at home up and down People gotta be able to make money from home This is the new 2020s I mean if you haven't started making money from home, then you don't know what 2020 is because 2020 is the new world is all online That's the new world. You're forced to make money from home Yeah, everybody just stay away from wall street Everybody stay away from wall street wall street should be untouchable They should be barricading wall street And only a few people come and go And that's it. We got to protect the financial district, man. That's everybody's money First and foremost, we got to protect everybody's money, right? Everybody's resources So It's a crazy time, man. It's a really crazy time. This world got really crazy This world got really crazy. First there was a problem in china and it was a chinese problem and now it's everybody's problem First there was a chinese problem now. It's everybody's problem Yeah, nobody touch wall street, man. We've all stood alone, man Everybody leave wall street alone Everybody leave wall street alone It's uh, vancouver. I'm on the west coast I'm on the west side like cali Cali north vancouver's cali north or like the cali of canada, but not really it's not really cali But we don't get real. We don't really get winter here We don't really get winter here, but yeah, it's spring and it should be warmer The weather's been really really weird really really weird weather really weird weather Yeah, it's all electronic trading. That's right dylan Which I think is good. I think it's gonna reduce the amount of short selling It's gonna amount reduce the amount of people that are passing their books around People that are passing their books around on the floor Books are just getting passed around on the floor shorts are covering for each other Swapping books all the games being played. I think it's good I think they should cancel short selling right now Cancel it Just borrow it ban it ban short selling until the markets get better ban short selling I say we ban short selling That's what I say That's just my opinion All right guys, I just wanted to let you know the uh markets are red right now and gold is green so far I'll keep you guys updated on anything else as it happens This is your boy rich from rich TV live if you're not winning you're not watching we bring you the winners When we bring them to you first, I told you guys there's a stock that's being promoted take a look at my videos Been bringing you guys picks and hits non-stop and I've also just interviewed a company that's getting into the coronavirus base qsc Stay tuned to that I'm going to be doing trading with our team in the trading academy all week long From home everyone's making money if you guys want to learn how to make money from home holler at your boy email me rich tv live at gmail.com go to rich tv live calm to learn about different picks information news Trending topics as it happening follow us on social media always invest in the best because the best is blessed and you deserve it It's true. Is your boy rich or rich to be live and I'm out. Peace Have a great trading day. Have a great trading week everybody. I appreciate you guys Smash the like Subscribe if you live Fuck I can't see shit