Right now talk of bitcoin is everywhere. I can appreciate some may find it tiring. The reason the conversation has merit however, has nothing to do with the surging price. At least, it shouldn’t. The price is merely a consequence of the bitcoin architecture.
The recent breakout for gold is bullish. It sets up the precious metals for higher prices longer term. But instead of buying into all the reasons why gold will go higher long term, it’s better to not even know. Ignorance is bliss.
US politics is not looking like it’s going to be a beacon of calm over the rest of the Trump presidency. And the massive US debt ceiling problem is not going away. Such volatility usually triggers more investment into safe haven assets. To my mind Gold could be the big winner in the short term.
I’ve been doing a lot of work on the sector for the past few months. As a contrarian investment idea, oil is intriguing right now. It’s off the radar of most investors, yet it’s more in demand than ever before.
For me, the way to trade gold is simple. That is, don’t have a big bet either way until it breaks out of its trading range.
In today’s Money Morning…two trading ideas to consider…where to invest if you’re hopeful today…a second leg to the boom in this resource…and more…
This calm period shows what is possible for the price of gold. Gold can — and usually does — go up in the face of rising interest rates.
First India wages a war on cash. Next, the government is priming the people to hand over their gold. They call it ‘improving financial literacy’.
Let’s talk gold. Gold, like every other asset, moves around a lot. Sometimes weird things happen that you don’t have a decent explanation for.
I argued for some time now that there is a war on cash. That the government is ushering us to digitise our assets to lock us into the banking system.