DATE: April 2024.
A Bitcoin bull and subsequent Death Dive
While there is inherent uncertainty in the markets, the recent all time highs achieved by both Gold and Bitcoin would have one wondering, is it now a good time to invest in these assets.
Regarding the former, bitcoin, I refer you to my page analysis on crypto Currencies in which I have identified better assets in this space. This doesn’t mean that the BitC won’t continue to rise as the market is dominated by whale investors, and the contagion effect of dragging in retail investors buying fractions of a Bit, the victims of the marketing campaign. With so much big money behind the BitC it could continue to rise, but once again I think once it reaches its peak , 75,85 ,95 and the whales eventually get out is when we can see the price retreat to under 10k.
Gold 2024 and beyond
As gold topped 2200 USD recently, without a rate cuts, one would wonder is this the start of something big. There has been massive inflation in rent,housing and food prices in Europe and the US. Hence, Gold is perhaps not cheap at 2200 and has the potential to see 24-2900 , depending on the forthcoming rate cuts and inflation data.
Thereafter if inflation becomes negligible or even negative due to a recession, we could see gold retreat back to 1800 USD at some stage ,
The Inflated Big Tech Sector
The big tech sector is long due a major crash. This looked like it might transpire in 2021/2022, but only to return to even bigger and all-time highs. This is largely a bubble created by the large investment funds such as BlackRock and Vanguard and retirement savings being poorer into index trackers that mean large amounts of : apple, Microsoft,meta,Amazon,nividia,netflix,alphabet stock continue to be bought at exorbitant prices. Many are trading at very expensive price earnings rations and don’t or pay negligible dividends.
These big tech stocks are certain to crash big, the question is just when. It might be that the next US administration may be heavier on their market domination practices or even call for a breakup or the SEC may pursue their practices with even greater scrutiny.
Silver Price 2024 and Beyond
published Early April 2024
One of my biggest tips for 2024 and beyond is silver. As of today, it trades close to $27. Remember the all time highs were approximately 48usd. Hence, Silver has the potential to explode. We are talking 35-55 and even as far as 80 USD. When this might happen will depend on market factors. If you do corner the silver market and make millions be sure to make a donation below.
How to Trade Silver to make huge Profits
Published April 7th 2024
Speculating in the silver markets can be undertaken by a number of means. Firstly,it is possible to buy physical silver and hold the silver in form of coins or bars, waiting for the price to rise and then selling the physical silver at the new elevated levels. This way is the least risky as you only stand to lose a fraction of your investment,but if you can wait, you are likely to be able to cash in at some stage, whether tomorrow,.next month, next year or in five years.
Secondly, you could open a trading account and buy a position in silver and then sell at a more favourable time.
Thirdly, for massive gains but also the most risky due to daily fluctuations in commodity prices, you can buy a Cfd that allows you to buy more silver than you actually have in cash. In a CFD contract, you have the ability to buy anywhere from 5 to 100 or more times the amount you have in cash. Obviously with this investment, there are daily margin calls and in one day you can hit massive gains or potentially lose your entire investment in a margin call. To be safer you would position yourself not as aggressively and not subject to daily swings in the silver price if you believe that the trend is generally up.
Buying an option in silver a put or a call. Under options trading, you can buy the right to buy silver at todays price for a period of time. So if you see silver today at $27 and believe it will rise, you could buy a right to buy silver at $27 for a period of time in the future. If the price of silver rises in the meantime before the call date, you can exercise this option to cash in the price difference according to the option.
Finally, you could invest in a silver royalty or silver mining company. Mining companies make more money when the core price of their produce rises and hence the stock price tends to dramatically increase as the underlying commodity increases. Just a note on this type of investment, that like any company, other factors can come into play here such as mining accidents, revocation licenses or fines in case of environmental damage. Once again, to minimise risk you could invest in a mining etf or index to minimise exposure one particular miner.
Hence, these are all ways to play the silver market. Remember be wise about how you do it, as it is possible to lose even when the price of silver goes up gradually where you had a heavily weighted CFD position that pulled back for a day or two. The more conservative ways are generally less risky and ensure you gain from a silver price rally.
Latest Tip
published April 11
I did an analysis of the silver/gold ratios over 50 years.the ratio is running above 80 at the moment. It was over 100 and much lower in times throughout history. I believe we could see the ratio retreat back to 60 or perhaps further in the coming weeks and months. My price target for silver is hence currently $39 an ounce subject to upward review. Due to daily fluctuations in the silver price, there may be days or weeks in which the price retreats but overall I’m bullish on silver in 2024.
With Market manipulation we could see even higher prices. All my tips take into account that the markets are full of manipulation, self-promotion, and hyperbole.
In a side note , holders of the big tech stocks should be very careful and watch their positions daily to ensure that there isn’t a huge downturn in these inflated stocks,.same goes for Bitcoin.
Israel Iran Conflict
April 13th
With this escalating conflict, one can reckon with volatile oil prices. The fact that Iran issued a statement “consider the matter concluded” and the US issued.a.statement that it would not support an Israeli counteroffensive, one would reckon with a lower probability now of an Israeli strike. That said these are arch enemies and the Israelis like the Iranians find it inherently difficult not to have the last say and perhaps have long sought a justification to attack Iran, as such an aggravation doesn’t come all too often.
May 17th
Today Silver traded up to $30.88 and is currently trading at $30.70. All those that took the tip I gave earlier, congratulations.
Disclaimer
All tips given are from my own personal research of the markets, looking at history,trends and tuning into the latest political ,economic and world news. None of my tips are investment advice and you should do your own due diligence before you make any investment decisions.Furthermore ,I stand to gain nothing from the bona fide tips given on my website. That said the LastEuropean wishes you the best of luck )