OLD ASSET for the NEW YEAR
Not sure which way the market is going? Unsure of what assets will perform best? Worried about how world events will effect your assets? Let me introduce you to the safe breakout asset of the year... GOLD!!!
The chart: here are monthly charts going back to 2005. This is a GIANT cup and handle starting at the 2011 high to the 2020 high and retraction (consolidation)
There is no timeline for a breakout; any day, a month, 6 months? no one knows, but it's coming and it's going to be grand. I also expect a swift drop prior to any breakout and will hold thru and buy the dip... This is a long cup and handle with long consolidation so the breakout will be long with many ups and downs, dont expect 2500 gold overnight this is a long bet (I do predict 2500+ at some point by eoy) but your getting in at the start of the breakout.
Charts have a funny way of matching news events, or is it the other way around? anyways- with the continuing crumbling of digital assets and current world events (Ukraine, unprecedented governments spending, covid, etc) gold will return as the ultimate hedge... Russia and China have been hording it at these cheap prices (sanction proof)... Even without turmoil the amount of money introduced into the world system the last 2 years is enormous (over 15 Trillion) gold which has been consolidating will soon match its "real" value in comparison to fiat currency. You could buy; Miners: $Yamana Gold(AUY.US$ $Barrick Gold(GOLD.US$ $AngloGold Ashanti(AU.US$ $Kinross Gold(KGC.US$(BlackRock just opened a sizable position in KGC)... so many more.
ETFs: $SPDR Gold ETF(GLD.US$ $Goldman Sachs Physical Gold ETF(AAAU.US$ $Vaneck Merk Gold Trust Gold Trust(OUNZ.US$ $Graniteshares Gold Trust(BAR.US$
Miner ETFs $VanEck Gold Miners ETF(GDX.AU$ $Ishares Inc Msci Global Gold Miners Etf(RING.US$ (my precious) $Us Global Go Gold And Precious Metal Miners Etf(GOAU.US$
ETFs have expense ratios "fees" so find a cheap one...
or hold physical (some ETFs hold physical like AAAU). I expect all to breakout. Good Luck![]()
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ETFs: $SPDR Gold ETF(GLD.US$ $Goldman Sachs Physical Gold ETF(AAAU.US$ $Vaneck Merk Gold Trust Gold Trust(OUNZ.US$ $Graniteshares Gold Trust(BAR.US$
Miner ETFs $VanEck Gold Miners ETF(GDX.AU$ $Ishares Inc Msci Global Gold Miners Etf(RING.US$ (my precious) $Us Global Go Gold And Precious Metal Miners Etf(GOAU.US$
ETFs have expense ratios "fees" so find a cheap one...
or hold physical (some ETFs hold physical like AAAU). I expect all to breakout. Good Luck
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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QianmengYu : recent month drop shows crypto is risky asset, weaker than weak currency like
. So crypto will never replace gold as a reserve last forever. China is buy, Federal Reserve needs to buy!
chris from queens : people knew that Russia was gonna take over oil and use crypto instead of the dollar...that's before they did some silly shit and ruined their economy..so alot of people will stick with what they know...GOLD IS STEADY!