Stewart Thomson | Jan 02, 2024 03:04PM ET
A new year begins, and the big theme for savvy investors is going to be using great tools like mining stocks, crypto, commodities, and the stock market to get more money.
More of the ultimate money that can only be gold.
The $48,000-$50,000 zone is the next zone where crypto investors can do that.
What about oil? As the horrifying Gaza war becomes a murderous quagmire like Ukraine (or worse), oil is again a key commodity in play.
I used the last oil price rally to get investors (and myself) more ultimate money gold at $1810, by selling oil at $93. If Iranian government maniacs get into a serious confrontation with US government maniacs in the Red Sea area, oil could rise not just to $93, but to $100 and higher.
That would ruin the forecasts of Wall Street analysts who are calling for a barrage of rate cuts this year. The bottom 2021-2025 war cycle line: The Fed may have to pivot, but to even higher rates rather than to cuts!
The Jan 5 US jobs report (this Friday) caps off the first week of trading. If the Dow is down for the week, it’s likely a sign for what lies ahead for the rest of the year.
It’s critical that investors act professionally as they accumulate ultimate money gold. Forecasting the price higher based on rates, debt, war, and Asian weddings is interesting, but it’s the big price sales into big support zones that investors should buy.
Gamblers should focus on $2045-$2040 and $2020-$2010. For investors, the big buy zone is $1980-$1970. There’s a small H&S top in play that could benefit gamblers, but investors may have to wait for their chance to eagerly buy more gold.
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