Get started

Safehaven

Gold Poised to Shine - 18% Upside Projected by Completing Wave 5Gold is currently trading around 494.92 RMB per gram in China as of July 25, 2023. Based on the technical analysis on XAUCNY showing we are currently in wave 5, subwave 4 of an upward trend, the prediction is that by January 2025, the price for 1 ounce of gold will reach 16575 RMB. Given that 1 ounce equals 28.3495 grams, a price of 16575 RMB per ounce implies that the price per gram of gold is expected to reach around 584 RMB by January 2025. This represents an increase of approximately 18% from the current price of 494.92 RMB per gram. Going from subwave 4 to subwave 5 typically signals the final leg of an advancing trend before it completes the larger degree wave 5. If the analysis is correct, we can expect the 18% price increase to occur over the next 1.5 years as gold enters the terminal subwave 5. The ongoing expansionary monetary policies by central banks globally serves as a key driver supporting higher gold prices. High inflation levels in many economies incentivizes investors to allocate more funds to gold as an inflation hedge. Geopolitical tensions, such as the Russia-Ukraine conflict also increase safe-haven demand for gold. While risks remain, such as potential interest rate hikes that strengthen the dollar, the overall backdrop still seems conducive for higher gold prices. From a technical perspective, the upside projection toward 584 RMB per gram over the next 1.5 years aligns with the view that subwave 5 will see accelerating upside momentum toward completing wave 5. In summary, based on current technical analysis, the prediction is that gold will reach 584 RMB per gram by January 2025, an 18% increase from today's levels, as it completes the final wave 5 uptrend over the coming months. The macroeconomic and geopolitical environment also seem supportive of this view.
SAXO:XAUCNHLong
by teconlab
Gold - Real gold is not afraid of the melting pot 🪔Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last picture and video analysis (attached on the chart), we have been looking for buy setups around the lower bound of the channel. This week, XAUUSD rejected the lower blue trendline and round number 1800, and traded higher. However, it is currently approaching the upper bound of the channel. Moreover, the zone 1900.0 is a previous major low and round number. 🏹 So the highlighted blue circle is a strong area to look for trend-following sell setups as it is the intersection of the orange previous major low and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As XAUUSD approaches the lower blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
12
Gold Prices Gain on Safe Haven Bid: What does it mean?TVC:GOLD Gold prices rose on Tuesday as investors sought safe-haven assets due to the escalating conflict between Israel and Hamas. Gold is often considered a safe haven during times of market uncertainty and volatility. There are several reasons why gold is considered a safe haven. First, gold is a physical asset with no correlation to other financial markets. This means that gold tends to hold its value even when other markets experience volatility. Second, gold is a limited resource and difficult to produce. This gives gold intrinsic value and makes it less susceptible to inflation. A rise in the price of gold could have a number of implications for forex and stocks. Higher gold prices could put downward pressure on the US dollar, as investors tend to sell the US dollar to buy gold in times of uncertainty. Rising gold prices could also lead to higher inflation, which could put pressure on stock markets. Foreign exchange meaning Higher gold prices could put downward pressure on the US dollar. Indeed, investors tend to sell off the US dollar to buy gold in times of uncertainty. Gold is often considered a safe haven, while the US dollar is considered a riskier asset. Meaning of stock market Rising gold prices could lead to higher inflation. Indeed, gold is often considered a hedge against inflation. As a result, rising gold prices can signal rising inflation. Higher inflation could weigh on the stock market as it could lead to higher interest rates and slower economic growth. Conclusion A rise in the price of gold could have a number of implications for forex and stocks. Higher gold prices could put downward pressure on the US dollar, while rising gold prices could lead to higher inflation and weigh on stock markets. I hope this post is helpful. If you agree with the idea, please follow and share this with others too. This analysis is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
CAPITALCOM:GOLDLong
by YExplore
Gold - We Want our Safe Haven Back ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. XAUUSD has been overall bearish trading inside the falling channel in blue, and it is currently approaching the lower bound of the channel. Moreover, the zone 1800.0 is a strong support, demand and round number. 🏹 So the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. As per my trading style: As XAUUSD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
2
AUD/JPY: A CURRENCY PAIR IN THE SPOTLIGHTKey fundamental factors to watch for in the AUD/JPY currency pair: Australian economic data: The AUD is sensitive to data releases such as GDP growth, unemployment rate, and retail sales. Positive economic data releases tend to boost the AUD, while negative data releases tend to weigh on the currency. Japanese economic data: The JPY is sensitive to data releases such as GDP growth, industrial production, and inflation. Positive economic data releases tend to weigh on the JPY, while negative data releases tend to boost the currency. Risk sentiment: The AUD/JPY currency pair is sensitive to risk sentiment in the global market. When risk sentiment is strong, the AUD tends to rise against the JPY. When risk sentiment is weak, the JPY tends to rise against the AUD. Interest rate expectations: The AUD/JPY currency pair is sensitive to shifts in interest rate expectations between Australia and Japan. If interest rates are expected to rise in Australia relative to Japan, the AUD tends to rise against the JPY. Technical Analysis 30-Minute Chart The AUD/JPY currency pair is currently trading in a bullish trend on the 30-minute chart. The price is above the 50 and 200-period moving averages, and the MACD indicator is above the signal line. The RSI indicator is also above 50, which indicates that the pair is not overbought. According to the Elliot Wave Theory, on the 30min chart, we are now forming a Wave C on the downside. If the analysis is valid, the marked levels (or around them) will be touched and then the downtrend will continue for a short-medium term, before the market resumes its uptrend, forming a next impulsive wave on the upside. Key technical levels to watch on the 30-minute chart: Support: 95.059, 95.132, 95.173 Resistance: 95.246, 95.278, 95.351 4-Hour Chart The AUD/JPY currency pair is also trading in a bullish trend on the 4-hour chart. The price is above the 50 and 200-period moving averages, and the MACD indicator is above the signal line. The RSI indicator is also above 50, which indicates that the pair is not overbought. Key technical levels to watch on the 4-hour chart: Support: 95.059, 95.132, 95.173 Resistance: 95.246, 95.278, 95.351 Daily Chart The AUD/JPY currency pair is trading in a neutral trend on the daily chart. The price is between the 50 and 200-period moving averages, and the MACD indicator is crossing above the signal line. The RSI indicator is also at 50, which indicates that the pair is neither overbought nor oversold. Key technical levels to watch on the daily chart: Support: 95.059, 94.958, 94.857 Resistance: 95.246, 95.351, 95.456 Overall Outlook The AUD/JPY currency pair is currently trading in a bullish trend on the 30-minute and 4-hour charts. However, the pair is trading in a neutral trend on the daily chart. Bullish traders will be looking for a break above the 95.246 resistance level on the 30-minute and 4-hour charts. A break above this level could lead to a further rally towards the 95.351 resistance level. Bearish traders will be looking for a break below the 95.059 support level on the 30-minute and 4-hour charts. A break below this level could lead to a further decline towards the 94.958 support level. **Traders should also pay attention to the overall risk sentiment in the global market. I hope this post is helpful. This analysis represents the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day
Short
by YExplore
GOLD - Is History Repeating Itself ⁉️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting the 2080 resistance, GOLD has been overall bearish trading inside the falling channel in red and it is currently retesting the upper bound / trendline. Moreover, the zone 1980 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper blue trendline acting as a non-horizontal resistance. As per my trading style: As GOLD approaches the "3" zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) For the bulls to kick in and invalidate the bearish scenario, we need a break above the blue resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
2
GOLD - One More Correction ?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups. 🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline. 📈 For the bulls to take over and start the bullish correction, we need a break above the last major high in gray. In this case, a movement till the upper red trendline would be expected. Meanwhile , until the buy is activated, GOLD would be overall bearish and can still trade lower and even break the blue support downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
2
GOLD - Strong Support Ahead 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GOLD has been overall bearish trading inside the falling broadening wedge in red, and it is currently approaching the lower trendline. Moreover, the 1935 level is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline. As per my trading style: As GOLD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
2
Silver Linings Trade BookAt the expense of using a mixed metaphor, silver may at times appear to be a mercurial trading instrument. Even if you only trade silver as a CFD product, utilising pure technical analysis, and without holding any of it as a physical asset, you should still be aware of the macroeconomic context that influences this metal alongside supply and demand fundamentals. Silver, according to many players in the market, is heavily manipulated by some of the big banks as well as the U.S. Fed and Treasury. By manipulation, we mean a suppression of the real price of silver given bullish fundamentals that should translate into much higher prices. Let’s first discuss the safe haven nature of silver. Four precious metals typically interest safe haven investors, namely gold, silver, platinum and palladium. It may come as a surprise to many that gold is not always the strongest and safest of havens and indeed during certain periods, silver, along with platinum and palladium, has acted as a safe haven when gold has not. Silver has been resilient in this regard as seen through the Covid-19 pandemic when its position as a safe haven asset climbed 47.89% between 31/12/2019 and 31/12/2020 compared to 25.12% for gold, 25.86% for palladium and 10.92% for platinum during the same period. Silver’s backbone though is built from its use as an industrial metal and although industrial demand has been fickle since Covid-19, that’s still not been as fickle as investment demand since that time. As of January 2020, industrial buyers accounted for more than 50% of demand for the metal. Recent bearish economic data from key markets such as the U.S., China and Germany has put a lid on any attempts at a parabolic move eyeing the highs of Feb 2021 despite gold hitting an all-time high recently. When the global economy emerges from troubled waters, the global drive for cleaner energy will resume in earnest and make silver a key decarbonisation trade and we may see a resumption of the 2020 bull run. There is still room for a momentum rebound with a change in sentiment and consequent space to manoeuvre between where we are at the moment and the $30 high reached in early Feb 2021 and between that top and the all-time high of $49 in 2011. Technical traders using leverage on gold CFDs, especially intra-day traders, get nervous when they look at the price action of silver in comparison. Silver’s price action is not as smooth as gold’s and the daily ranges may also appear tighter in comparison but this is in part due to silver’s wider use in industry compared to the yellow metal. As a result, silver has more cyclical characteristics than gold but this helps contextualise patterns and trends for trade analysis. Traders are losing out on not trading silver because intra-day trades as well as swing/position trades can offer an excellent risk to reward ratio with this instrument. Silver, like gold, is also offered by many brokers with a very reasonable spread and ones that are also much lower compared to platinum and palladium. As always, remember that when you go to market, be careful out there.
TVC:SILVER
by BluetonaFX
7
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook: The coin has reached the Retest Dip price furiously banging on our completed Inner Coin Dip of $25,800 and Mean Sup $25,700 with follow-up today (Sat., June 10). However, we anticipate a significant shift in the market with the Restart of the Pivotal Rally, which could lead to a return to the mean Res $27,300 or even Mean Res $28,250. In the event of failure, the Continuation of the Down Trend will target our Outer Coin Dip of $23,950.Viewing the Pivotal rally prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
BITSTAMP:BTCUSD
by TradeSelecter
GOLD is still Strong 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Gold has been overall bullish trading inside the rising channel in red and it is currently retesting the lower red trendline. Moreover, the orange zone is a previous major high turned into a potential support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange support and red brown trendline. (acting as non-horizontal support) As per my trading style: As GOLD is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) UNLESS the lower red trendline is broken downward, then the bears would take over for a deeper correction. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
6
GOLD - Trend-Following Buy Setup! ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for sell setups as GOLD has been sitting a strong resistance zone. Now XAUUSD is approaching the lower trendline from Daily. Moreover, the blue zone is a previous high turned into a potential support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support) As per my trading style: As GOLD is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
8
DRD to benefit from gold uptrendDRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. Fundamentals: Profitable company - positive Operating cashflow - positive Gold uptrend Technical: Trade volume high since March 2023 Resistance target 17.72 is June 2020 high Trending above 50,200 DMA Positive directional movement Risk reward 2.23 Stoploss 9.54
NYSE:DRDLong
by tradingswift
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows. However, it is approaching the upper brown trendline that I consider an overbought area. Moreover, the 2075 is the current all-time-high. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As XAUUSD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
10
Five Reasons and Six Ways to Invest in Gold"Gold is money. Everything else is credit.", said John Pierpont Morgan. When borrowers default, markets collapse and banks run into crisis, gold prices skyrocket. Gold is trading at a 12-month high on March 18th. Gold has been valued for thousands of years. Gold has unique properties. It has been enchanting women and men since humans set foot on the planet. Polycrisis. That aptly describes the current times. The US regional bank crisis haunts markets. Credit Suisse - the bank to the wealthiest was so frail that Swiss National Bank had to step in to provide liquidity backstop. Regulators worked over the weekend to broker an acquisition by UBS to prevent a banking crisis from spreading. Inflation is raging hot at levels unseen in 40+ years. Compounding Chair Powell's quagmire, the US Fed has been forced to switch from QT to QE by providing support to its regional banks from collapsing under crisis of confidence. Geo-politics remains tricky. In times of crisis, investors seek flight to safety. Safest of all assets since civilisation began has been gold. This educational piece provides an overview of (a) physical gold market dynamics, (b) largest holders of gold reserves, and (c) gold price behaviour against other asset classes. It also describes five primary reasons for investing in gold, contrasts six methods of doing so, and highlights the downsides of holding gold. PHYSICAL GOLD DYNAMICS Gold performs multiple functions. It is a currency to some. Store of wealth to others. It is an industrial metal used in consumer electronics. The rich love gold in clothing and food. A bird's eye view of physical gold can be summarily described in three parts: 1. Consumers : Gold is used in consumer electronics due to its high conductivity and low corrosive properties. Gold used as industrial metal represents 6%-8% of total demand. Unsurprisingly, >50% of global gold demand is for jewellery. Jewellery is a multi-tasker. It meets aesthetic goals, serves as a status symbol while also being a form of investment. 2. Gold Reserves : Central banks hold gold as reserves. They are the most significant holders of gold. The haven nature of gold compels central banks to increase holdings during economic uncertainty, high inflation, or currency devaluation. Central Banks added >382 tonnes to their reserves in 2022. 3. Producers : Gold mining is a cyclical industry. Mining output has been in decline over the past decade as major gold producers shift to mining minerals and other metals like copper with the proliferation of lithium-ion batteries in EVs. Gold mining took a huge output hit during the pandemic and may not recover any time soon as capital expenditure into new gold mines is limited. GOLD RESERVES - THE MOVERS AND SHAKERS According to the World Gold Council, as of end 2022, central banks in Western European (11.8k tons) have the largest gold reserves followed by North Americans (8.1k tons), Central & Eastern Europeans (3.5k tons), and East Asians (3.4k tons). Last year, central banks of Turkey, China, Egypt, Qatar, and Uzbekistan were the largest buyers of gold. FIVE REASONS WHY GOLD SHOULD BE IN INVESTMENT PORTFOLIOS Gold is a resilient store of wealth, provides meaningful portfolio diversification, has limited price volatility, extends benefits of hedge against inflation & currency debasement, and is limited in supply. 1. Resilient Store of Wealth Gold outperforms equities during periods of economic instability. Due to its material properties and scarcity, it can even become more valuable during such periods as investors seek shelter in classic risk-off assets such as gold. 2. Portfolio Diversification Gold can have both positive and negative correlation with other asset classes during different periods. This makes it an attractive addition to a diversified portfolio. 3. Limited Volatility Due to its large market size and diverse supply origins, gold is less volatile than equities and other asset classes making it a safer asset class for investors. 4. Inflation Hedge Gold is often seen as an inflation hedge. Which means that it can maintain its value or appreciate during periods of high inflation due to its scarcity and safety. However, in some cases monetary policy changes like interest rate hikes may make gold a less attractive investment compared to treasury yields during inflationary periods. 5. Limited in supply Gold is a finite resource, that too, one of the rarest precious metals in the world. Moreover, more than 200,000 tonnes of gold have already been dug up. This represents more than half of the total reserves. The gold that is yet to be mined is much more difficult to extract economically. Scarcity creates rarity, which in turn drives the value of the existing gold higher. Many governments, banks, and people also use gold as a long-term investment, which means a huge portion of the gold supply is taken out of circulation, shrinking available supply even more. SIX WAYS OF INVESTING IN GOLD There are multiple ways of investing in gold. Six primary ones are: 1. Physical Gold : Gold can be bought and stored in the form of jewellery or gold bars. Costs of storage, insurance and making charges can be substantial and also inconvenient. Investing in physical gold is not optimal for reasons of poor convenience and higher transaction costs. 2. Gold ETF : Exposure to gold can also be acquired through buying exchange traded funds (ETF) backed by physical gold. There are multiple ETFs that track physical gold prices. The SPDR Gold Shares ETF (GLD) was the pioneer and began trading in 2004. It has an expense ratio of 0.4% and tracks gold bullion prices. GLD holds both physical gold bullion and cash. GLD provides a liquid lower-cost method to buy and hold gold. Gold can be bought and sold during the trading day at market price. Investors must pay heed to taxation as gains from ETFs in some jurisdictions can be treated differently compared to other forms of gold. 3. Gold Futures : CME’s COMEX Gold futures is the world’s most liquid derivatives which enables capital efficient exposure to Gold. With round the clock liquidity, tight bid-ask spread and benefits of a cleared contract, investing through COMEX Gold futures is widely popular. Each lot of COMEX Gold Futures provides exposure to 100 oz of Gold. Enabling affordable access to investors and to facilitate accurate granular hedging, CME also offers Micro Gold Futures. Each lot of Micro Gold contract provides exposure to 10 oz of Gold. 4. Gold Options : CME also offers options on Gold Futures. Gold options is a useful investing and hedging tool. Using options, investors can lock in unlimited upside potential of price moves while limiting the adverse impact of downside price moves. 5. Shares of Gold Producers : Gold mining is an international business. Gold is mined on every continent except Antarctica. Top gold miners include Newmont (USA), Barrick (Canada), Anglogold Ashanti (South Africa), Kinross (Canada), Gold Fields (South Africa), Newcrest (Australia), Agnica Eagle (Canada), Polyus (Russia), Polymetal (Russia), and Harmony (South Africa). As is evident from the chart above, investing in gold miners for exposure to gold is a poor proxy as most of them have underperformed relative to gold prices. Furthermore, FX exposures must be hedged separately for some stocks which trade in emerging markets. In summary, securing gold exposure through miners is not optimal relative to other alternatives. 6. Gold CFDs : CFDs also known as contract for differences allows for synthetic access to the price of spot gold. These CFDs are OTC derivatives contracts which carry non-trivial counterparty risk with investors being exposed to the credit risk of the CFD provider. The table below summarises the merits of various gold investment instruments across key investment attributes. GOLD TOO HAS ITS DOWNSIDES Gold is a non-yielding asset. Shares of profitable companies pay dividends. Holding debt earns interest. Real estate delivers rents. But gold provides zero yield. For every problem, innovation in markets provides a solution. In a future paper, Mint Finance will demonstrate how gold can be transformed into a yield generating asset. Rising interest rates are headwinds to gold. As rates on treasury, bonds and deposits rise, investors rotate their money out of gold and into yield generating assets. Not only is gold non-yielding, but the returns also fade into insignificance relative to gains from innovation. In times of crisis, gold is a great hedge. However, while positioning portfolios for the long term, investors must astutely balance between safety versus growth. GOLD RETURNS IN RELATION TO OTHER ASSET CLASSES 1. US Equities and Emerging Markets Gold outperforms equities during periods of crisis. During equity bull runs, gold underperforms equities. Cumulatively, over the last 20 years, Gold has outperformed Dow Jones, S&P 500, and MSCI Emerging Markets. Only Nasdaq, which represents tech, innovation and growth has surpassed gold returns. 2. Treasuries with 2-Year and 10-Year Maturities Unsurprisingly, when sovereign risks rise and treasury yields fall to zero, gold shines. Between two non-yielding assets, investors prefer to take shelter in gold as a preferred haven. However, when rates rise, investors rotate out of gold and into treasuries. 3. Crude Oil, Copper, and Silver Over the last two decades, Gold has outperformed crude oil, copper, and silver. 4. Dollar Index, Bitcoin and Ethereum While US Dollar and gold are both global reserves, gold has outperformed the Dollar Index which is the value of the USD against a basket of six international currencies. However, relative to bitcoin and ethereum, gold pales into insignificance. Bitcoin is perceived as millennial gold and ethereum is the millennial oil. Both assets have obliterated gold in terms of price returns. 5. Major Currencies Over the last 3 years, as markets emerged out of the pandemic, gold has outperformed all the major currencies. Yen, under the influence of Governor Kuroda’s liberal QE program, has depreciated 63% against gold. Indian Rupee has deflated 47% while Euro and Sterling have shed 38% and 32% against gold. The US Dollar, Chinese Renminbi, and Aussie Dollar have depreciated 31%, 29% and 20% against gold, respectively. Key Takeaways Gold is money. Everything else is credit. Gold glows in crisis. It is a knight in shining armour for investors. Gold is the only asset which exhibits negative correlation. These are times of polycrisis. As investors seek flight to safety from banks even, gold is the safest among the few remaining alternatives. Gold is a resilient store of wealth, offers durable diversification within a portfolio, exhibits much lower volatility relative to equities, and serves as an inflation hedge albeit with less than a perfect record. Clients can invest in gold in multiple ways. Gold futures is the most convenient and optimal among the six alternatives. Gold has its downsides. It is a non-yielding asset and performs dismally against innovation and growth. Except for Nasdaq, bitcoin and ethereum, gold has outperformed currency majors, equity indices, US treasury, and commodities. In a future paper, Mint Finance will explore ways in which gold can be transformed into a yield generating asset. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. This material has been published for general education and circulation only. It does not offer or solicit to buy or sell and does not address specific investment or risk management objectives, financial situation, or needs of any person. Advice should be sought from a financial advisor regarding the suitability of any investment or risk management product before investing or adopting any investment or hedging strategies. Past performance is not indicative of future performance. All examples used in this workshop are hypothetical and are used for explanation purposes only. Contents in this material is not investment advice and/or may or may not be the results of actual market experience. Mint Finance does not endorse or shall not be liable for the content of information provided by third parties. Use of and/or reliance on such information is entirely at the reader’s own risk. These materials are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Mint Finance to any registration or licensing requirement.
COMEX:GC1!Education
by mintdotfinance
33
Bitcoin ALREADY is a safe haven!Come back to 2020, 24 February. 4 days have passed since the COVID crash started, the stocks are dropping, countries are announcing closures and quarantines. You have a small wealth built by hard work and time. Now you need to protect your value. You have these options: - SP500 - NASDAQ - Gold - Oil - Apple shares - Bitcoin Now move forward to the present, a lot of things happened. Now is the time to see how your investment is going: How you can see Bitcoin beaten all the assets, even suffering with the most aggresive rate hike never seen by central banks. If we are objetives, we can agree that any other asset that show this performance would be considered a SAFE HAVEN.
INDEX:BTCUSDLong
by Fierillo