Short Term Market Outlook
There are lots of people predicting the market crash to happen. However, I don’t think market correction will happen before the US Presidential election. In my opinion there are probably another 4% to 5% upside for the stock markets as we progress into the election. Gold and silver both are also trading at its peak. precious metals may trade side ways for now with little bit of upsides and eventually all markets will have its overdue corrections downwards together including precious metals. So I think cash is the better position at this moment. Be a bit patient and be ready to take advantage of its coming moves. A bit of upside remaining and we should see around 20% to 25% corrections downwards. After the corrections it will be another fantastic opportunity to get into gold and precious metals. I believe the next gold bull run will start in 2025 and last for several years for an upside of $5,000 as world markets have its soft landing or recession or whatever you want to call it. This gold bull run will be epic and should not be missed.
Close to or right after elections I would be looking to buy SOXS, QID, SDS, VXX anticipating sizable market corrections downwards. After this is done, I will move my money into gold related such as GLD, GDX, GDXJ, NEM, AEM, WEM, SIL, SILJ…etc. At the same time I may also look at uranium and related.
The above is my view and plan just for sharing only. Everyone should do their own research and have their own game plan ready. No matter I am right or wrong, a major move will happen and it will be critical to have strategies ready for market contingencies.
Cheers.
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Retailers must include gold in their portfolio during rate cut cycle and economic slowdown. Consider NEM, GDX, GLD, GDXJ
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