I'm thinking GLD is a buy now and USO should pull pack to low 20 dollars because if Biden allows IRAN to sell oil, they want even to double output and will cause oil price to drop fast?
the engineers of our economy want staglation, inflated assets but with wage destruction these same guys will never let the gold price go above, that's why the people are going after btc, that's the next safe haven asset to be regulated and destroyed if the elite can get away with stolen election, there is no way they will let gold will break out
I don't know anything about bitecoin, is it same as crptocurrency? And do you buy their symbols same like a stock ?
The only real way to get Bitcoin exposure directly using the stock market is GBTC. If you want to buy it directly and put it in a "wallet" you should check the Crytocurrencies section.
Gold maybe on the verge of a breakout. Bounce off of support with momentum. Would like to see it break 1918 level.
Gold was a good buy for a bounce at 1750-1800, entering here means you will take on more risk, but it's doable I suppose. I'm bearish though, lol. Everyone I talk to seem to be bullish, but guess retail that care about gold overall are heavily long biased.
Gold just has to stay in this area $1800-$2000 for an extended period of time and it's extremely bullish for most mining stocks. We really don't need higher Gold although I wouldn't bet against $2100-2200 Gold next year. The money to be made is in the miners especially the ones that barely break even at $1700 Gold. Something like Kinross's current valuation defies logic when their all in cost is like $900 an ounce. I did however sell my Kinross because short term I see more potential in other mining stocks ( Thursday confirmed my opinion ). I'll get back on board if investor sentiment changes. It might stay at $9-$10 Cdn for ages but my gut says it'll be a $20+ Cdn stock again by the time this metal bull is done.