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Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset. The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
OANDA:XAUUSDLong
by BELLATRIXFX
A seasonal sector-switching strategy has beaten the S&P YTDThe Study I ran an analysis on monthly stock-market returns over the last 20 years or so, to determine which sector delivered the best median dividend-adjusted returns in each month. December 2020 was the last month included in the study. The sector funds included in the analysis were all equal-weighted, although they don't all use identical methodologies or have identical expense ratios, so keep that in mind. Also, for some funds, there was more data than for others. Some have been around since 2005, some 2007, some 2012. Here are the funds I included: EWRE, RCD, RGI, RTM, RYE, RYF, RHS, RYH, RYU, XAR, XBI, XHB, XME, XTL, XTN, XSW, XSD. The limitations of the data mean that the results are probably pretty noisy. I've got no real way to determine the statistical significance of these results, because there's just not enough data. A lot of this will be "noise," but probably there's some "signal" here too. Basically I compared these sector funds' median return in each month and determined which fund gave the best median return. (The median should be a more robust statistical summary than the mean, because the mean will be affected by outliers like meltups and crashes.) The Results Here are the best-performing sectors by month: January: Biotech February: Aerospace March: Real Estate April: Energy May: Semiconductors June: Real Estate July: Semiconductors August: Semiconductors September: Materials October: Transportation November: Transportation December: Metals The Backtest Since I didn't use data from 2021 to generate these results, we can backtest a sector-switching strategy on 2021. What if, in each month, we switched to the sector with the best median return for that month? The answer is that the equal-weighted index returned about 18% YTD, whereas the sector-switching strategy returned about 21%. So there's a slight edge here, but not a large one. If you're trading in a tax-deferred IRA, you'd have come out ahead by using the sector-switching strategy. But if your account isn't tax-deferred, then this strategy will have cost you more in capital gains taxes than you're making in excess returns vs. simply holding the index. The Code I've put the R code for this analysis on Github, should anyone wish to check my work: github.com
AMEX:RSPLong
by ChristopherCarrollSmith
EOSusdt #EOSUSDTWhat is EOS? EOS is a blockchain-based decentralized operating system that is designed to create, host, and support secure, decentralized autonomous applications (dApps) and smart contracts. ... one organization, EOS was launched by Dan Larimer, who is also the founder and creator of established platforms like Bitshares and Steam. #EOS has rank #20 in coinmarket cap in Crypto currency market. Mainly, we have reached previous targets as you can see. My prediction is based on Fibonachi projection and $9 is not really far-fitch. In LONG-term we can reach $11 as the time goes by. If you agree, leave me a comment, Thanks
BITFINEX:EOSUSD
by Moah9090
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