After seeing negative prices in Crude Oil futures, will oil prices stay depressed, or will they recover any time soon?
With stock markets unclear, and the US dollar fluctuating wildly, is Gold a good long-term investment now?
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Looking at the “Daily Trend Analysis” on our Telegram channel, we can see that the most bullish counters are Gold (XAUUSD) and the US Dollar Index (USDIDX), whereas the most bearish counters are Brent (BCOUSD) and Crude Oil (WTIUSD).
The stock markets are pretty mixed, with most indices either being in a weak bear trend, or ranging.
Can Gold Hit $3000?
Normally, it is quite rare for the USD and Gold to trend strongly in the same direction, but we are seeing it now.
In the short/medium-term, since USD is a reserve currency, it is in demand when liquidity dries up, whoever with the aggressive money printing, it might decline in the long run.
As proposed by Ray Dalio, we are nearing the end of a 75-year debt cycle, which could see massive deleveraging and devaluation of the US Dollar. If that happens, then it will definitely be bullish for Gold.
This is the reason I have been actively adding Gold to my long-term portfolio.
Will continue to hold for more upside.
How Long Will Oil Stay Cheap?
After seeing the May Crude Oil futures hit negative, traders are getting spooked for the June contracts, because they are afraid the same thing will happen if the lockdown is still in force, and demand remains low.
Looking at the virus numbers, the possibility is high.
Hence prices could remain low or continue falling.
This has turned out to be one of the most profitable trades of the year. 💰😎🔥
< h2>Ranging Stock Markets
Since there are no clear signs, I will testing the waters with small positions, but will not be taking any large positions yet.
Stay tuned in our Telegram channel to continue monitoring the stock market for the right time.
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