Alriiiiighty........ We had a few days of churn while awaiting election day. Then Wednesday USA time, the markets put on a magnificent display of gangbusters. Where should you now place your bullish bets? What's hot? Hot stuff: Financials (Banks), Energy (Gas predominantly but also oil), Steel for some weird reason, no doubt will read up about it later, Coal Transport (a good sign) Crypto (who woodathought hehehehe) In the sin bin: Gold, Silver turned into shit Lithium pfffff Iron Ore blah Copper blah Uranium yawnnnnn Emerging markets gone into a cave
Gold in particular has had a magnificent run, so it's resting up. This might be a buying opportunity. I have a buy sitting in the wings on a gold speccy stock (at 4.4cents), the buy price is right down low and am hoping it gets touched shortly this week. Currently 4.5c