The Week of July 1, 2019....
When we look around the markets I see conformity at the moment. There is not a lot of surprises in store I don't think other than the possible collapse of crypto's after making their staggering run. I am still short Bitcoin and will likely hold as it attempts to correct back down.
Microsoft seems to be the big tech company along with Google and Amazon that are holding most of the value of the NASDAQ index where it is. I don't see that changing at all over the summer. There is a lot of parked capital in these companies and a lot of hope that they are going to be the ones to produce a new sort of technological revolution in the next ten years or so. While I think that they will be important in any sort of key breakthroughs I don't believe that they are going to be game changers. With the new 5 G technology, I think that it opens the doors for smaller, more nimble companies to do something even more intensive and impactful than the old giants. Of course, there are some new newsletters springing up to grab the attention of the less informed luring them in with their teasers of extraordinary wealth. I wouldn't bet on it folks. It is no easier to pick the new winners than it was the old winners. Time will tell how that all plays out but don't go wasting your time betting on anything these guys tell you is a "sure" thing or that you are missing out.
I try to keep my eye on the stocks and the new companies coming on board but it is simply too hard to see that far into the future at the moment to say for sure that you know a particular company is going to change the world.
In my portfolio, I am long Silver too.
Why?
Well if gold shoots to the moon Silver should make a much larger and much bigger jump than gold will do at its present level. In other words, it fits my criteria for a "value buy". I bought in around 14.25 when it bottomed the last time and I have another position at 15.00. It is simply a cheap buy that everyone is ignoring at the moment. If it goes down to ten then I will rethink things. I don't see that happening. Now that doesn't mean it is going to revisit 45 dollars and up any time soon either. It is just a good hedge at a time like this. I mean its value as a metal in my humble opinion is much more than Gold because at least it has an industrial use.
Speaking of gold I am also long that one too.
The Dollar index May or may not move down from here. It is at a pivotal technical point and that usually signals the start of a big move down. Time will tell.
I don't really see anything else at the moment fellow traders so that is going to have to be it.
You can and probably should take a small position to hold for a long time in Silver. If commodities take off again (and I doubt they will) then you are in a pretty position. It beat buying Amazon at these elevated levels and hoping that they continue to outperform or innovate in the open market. The present market share doesn't seem like a good buy to me and the upside potential is very limited. The opposite is true of Silver. Cheers!
Microsoft seems to be the big tech company along with Google and Amazon that are holding most of the value of the NASDAQ index where it is. I don't see that changing at all over the summer. There is a lot of parked capital in these companies and a lot of hope that they are going to be the ones to produce a new sort of technological revolution in the next ten years or so. While I think that they will be important in any sort of key breakthroughs I don't believe that they are going to be game changers. With the new 5 G technology, I think that it opens the doors for smaller, more nimble companies to do something even more intensive and impactful than the old giants. Of course, there are some new newsletters springing up to grab the attention of the less informed luring them in with their teasers of extraordinary wealth. I wouldn't bet on it folks. It is no easier to pick the new winners than it was the old winners. Time will tell how that all plays out but don't go wasting your time betting on anything these guys tell you is a "sure" thing or that you are missing out.
I try to keep my eye on the stocks and the new companies coming on board but it is simply too hard to see that far into the future at the moment to say for sure that you know a particular company is going to change the world.
In my portfolio, I am long Silver too.
Why?
Well if gold shoots to the moon Silver should make a much larger and much bigger jump than gold will do at its present level. In other words, it fits my criteria for a "value buy". I bought in around 14.25 when it bottomed the last time and I have another position at 15.00. It is simply a cheap buy that everyone is ignoring at the moment. If it goes down to ten then I will rethink things. I don't see that happening. Now that doesn't mean it is going to revisit 45 dollars and up any time soon either. It is just a good hedge at a time like this. I mean its value as a metal in my humble opinion is much more than Gold because at least it has an industrial use.
Speaking of gold I am also long that one too.
The Dollar index May or may not move down from here. It is at a pivotal technical point and that usually signals the start of a big move down. Time will tell.
I don't really see anything else at the moment fellow traders so that is going to have to be it.
You can and probably should take a small position to hold for a long time in Silver. If commodities take off again (and I doubt they will) then you are in a pretty position. It beat buying Amazon at these elevated levels and hoping that they continue to outperform or innovate in the open market. The present market share doesn't seem like a good buy to me and the upside potential is very limited. The opposite is true of Silver. Cheers!
No comments:
Post a Comment