Going all in with Gold, silver, and crypto!

in gold •  7 years ago 

Ok.. maybe not all in. I still have a house, car, and some cash. But as of right now, I am loading up on physical metals, mining stocks, and crypto currencies. Why? The broad stock market is way overvalued in my opinion. And the alternatives are set up for some awesome trades!
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The GDX etf for gold and silver mining stocks has broken out and now pulled back into support. Looks like a great buy.
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Bitcoin is correcting as we speak. Great time to buy.. my targets for next year remain $10,000-$20,000.

You will continue to hear negative headlines about Bitcoin and precious metals. The powers that be don't want us to be on the right side of the trade. I am buying and I'm loving these cheap prices!

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I think your prediction on bitcoin might be a little optimistic IMHO, but hey I'm no expert. I just think TPTB will shut it down to stop it from getting to much attention from the mainstream, cheers.

You never know. I'm expecting it to drop one more time first. Maybe to around $2500-$3000 area

You were right on the retrace of bitcoin to the 3200 level. I've added a little bit also. And I agree with you that the market is due for a pull back, although perhaps not too significant. These are good times indeed for a buy opportunity upon a market retrace.