Perhaps this will be the best trade of Q3. There are a lot of signs that precious metals will rise in the near future, due to rebalancing of porfolios, a will to hedge against inflation, and to seek to safe havens.
I believe that silver will be the best performer because it also has real-life implications on hot topics such as solar cells.
The technical setup...
The last months time, ETH has surged while BTC has been stationary. Since these two assets are correlated, and tends to be leading to one another, I do think there is a great opportunity to buy BTC with very little downside risk.
Do your own due diligence before trading.
Right now, gold (and silver) are must haves in a diversified portfolio. With the potential of a deeper weakening in the near future, X/usd connected pairs will with i high probability rise. I am bullish on gold, hence why I publish this idea, however, this is also a good time to get this in your portfolio.
Even though interest rates has been pressuring NAS down, I believe this soon will be over. FED is going to keep interest rates down for some time now, since the use AVERGAE 2% inflation target, and not just 2% inflation target.
Big tech companies has demonstrated fantastic earnings, which hasn't manifested the price action.
This might be a bit speculative,...
The Japanese stock market has had a couple of dead decades. However, a major turn from growth to value could push the Japanese stock market a lot high than its current levels. I am therefore buying for the long run, and think that the market easily can return a 3-digit percentage.
It is a fantastic opportunity to buy gold at around 1820. The market for gold is a a market with huge upside potential because of the enormous amount of liquidity, which has and is coming to all markets.
We might see gold consolidating a bit, however, USD must inflate at some point during to the massive increase in supply.
I will definitely go big on this one.
I have on friday evening extended my exposure towards tech stocks. This is not because I think there is value. I do, however, think tech is overvalued. From a statistical/mathematical standpoint it is relatively "cheap". I have bought some contracts, and my current target is around ath. If we break below 10500, i would consider reducing exposure. Cheers.