GOLD : To buy or not to buy...that is the question
Just want to share some thoughts about Gold price.
2008 to 2011 show an high rise in prices. Why?
- 01 Nov 2004 started one of very first valuable ETF for Gold : SPDR GOLD TRUST.
- 2008 Real Estate frenzy showed up with a vertical dangerous FOMO culminated with the biggest worst market loss ever
- From 2008 to about 2011 Gold prices roses to new ATH, about 1840$
What contribute to Gold price rise? Who know... maybe ETF, maybe searching for some stability, maybe high yields.
Can we forecast another Gold rise? Maybe yes...
- March 2020 : big drop on all market + Lockdown everywhere
- 2020-2021 : big pump with market FOMO about selling and buying power worldwide. A lot of "free cash" printed to rise buying power. Doesn't it look as crazy as Real Estate "before crisis"?
- October - November - December 2021 : big drop in front of us? There are a lot of rumors about political stability, limited shortage, minor earnings gains, tapering, rising of yields.
So what? My personal short term target for Gold are between 1300$ and 1700$. I'm not interested on own "real gold" but more on some good Gold ETF, easier to manage.
And in case you are wondering what if BTC will have a paired ETF like happened to Gold?
My personal view on BTC is that needs to touch a very low area to kick off major useless players like MicroStrategy, Ark Invest, Tesla and so on. All those people around BTC try only to maxime BTC value to sell at higher prices for scam small retailers. So BTC needs to reset itself before a new good normal ATH.
I'm not a quite fan of BTC, with his old technology, low transactions speed and a lot of FOMO build around it. However... all blockchain system can be credited to BTC, so I could reconsider it if something interesting will happen in next future on Crypto planet. Maybe not this year, neither next...
There are a lot of things that can be related to Gold prices in same periods like :
BTCUSD
USOIL
US10Y
SPX
You can read others idea I've wrote about correlation between stocks/index on my profile.
Not financial advice, only my idea.
Do Your Reasearch always before investing or trading
2008 to 2011 show an high rise in prices. Why?
- 2008 Real Estate frenzy showed up with a vertical dangerous FOMO culminated with the biggest worst market loss ever
- From 2008 to about 2011 Gold prices roses to new ATH, about 1840$
What contribute to Gold price rise? Who know... maybe ETF, maybe searching for some stability, maybe high yields.
Can we forecast another Gold rise? Maybe yes...
- 2020-2021 : big pump with market FOMO about selling and buying power worldwide. A lot of "free cash" printed to rise buying power. Doesn't it look as crazy as Real Estate "before crisis"?
- October - November - December 2021 : big drop in front of us? There are a lot of rumors about political stability, limited shortage, minor earnings gains, tapering, rising of yields.
So what? My personal short term target for Gold are between 1300$ and 1700$. I'm not interested on own "real gold" but more on some good Gold ETF, easier to manage.
And in case you are wondering what if BTC will have a paired ETF like happened to Gold?
My personal view on BTC is that needs to touch a very low area to kick off major useless players like MicroStrategy, Ark Invest, Tesla and so on. All those people around BTC try only to maxime BTC value to sell at higher prices for scam small retailers. So BTC needs to reset itself before a new good normal ATH.
I'm not a quite fan of BTC, with his old technology, low transactions speed and a lot of FOMO build around it. However... all blockchain system can be credited to BTC, so I could reconsider it if something interesting will happen in next future on Crypto planet. Maybe not this year, neither next...
There are a lot of things that can be related to Gold prices in same periods like :
BTCUSD
USOIL
US10Y
SPX
You can read others idea I've wrote about correlation between stocks/index on my profile.
Not financial advice, only my idea.
Do Your Reasearch always before investing or trading
