Wow, what a massive market sell off today. I mentioned twic...
Wow, what a massive market sell off today. I mentioned twice on my post yesterday before market open, watch out for institutional dump. This is exactly what we saw. Once Fed interest cut begins, more massive dump is likely to happen. Fed cut is telling the market the Fed is confirming the economy is in trouble and rate cute is needed. This is essentially what it means. so again be cautious. Don’t get hyped up and follow the sheeps and get wrecked.
Yesterday gold price held up pretty well. A tiny drop but very strong hold. I have also shared gold outlook for last several weeks, this will be the space to be in when market correction begins. I continue to be very bullish for gold, gold miners. Theae are long term investment holds and should see significant returns in the next 12 to 24 months. institutions will move in this space and Bitcoin eventually. If anyone is interested in some of the companies to invest in this space, you can look at my past posts. I have listed out several good potentials for your reference. But please always do your own research. Not financial advices from my posts.
Another great space is uranium and miners. However, too early to go in now. I estimate may be by year end good entry point will appear.
For the near short term, I am in BOIL. Natural gas ultra long. I believe natural gas is oversold and a nice rebound should be likely soon.
ok just to share my views. Again nothing go straight down nor up. market bounces are expected after each massive sell off. However keep level headed. bounces are just bounces it does not mean trend reversal. Hope everyone stay safe and make money.
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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