GLD and SLV tend to do well during these chaotic times, with inflation sky-high, Russian attacks, and crypto still at an early stage. At the moment, I believe investing in GLD and SLV is a hedge against risk and has potential upside growth until inflation drops.
Since the Easter holiday, SLV has broken the downtrend line and found a bottom around $22.37. It's...
With rising inflation and politicals risk all around the world, Gold continues to perform as a safe haven for assets. From the TA perspective, Gold has formed a double bottom and it is breaking out late march level ($1957ish). It is aiming for a 0.61 Fib level around $2000, possibly all-time high,
GPD report that came out yesterday was worse than expected -1.4% (historically GDP and GOLD are inversely correlated), hence bullish for Gold.
After Gold dropped nearly 7% within a week and DXY running against it, we do see some exhaustion at the current point.
With next week's hiking interest rate and FMOC meeting as catalysts, TA formed a Gartley Harmonic...
The downward trend line is still intact, it seems no catalyst that can lift the stock.
On the commercial airplane side,
- Delta reported a quarter that indicates the returning of travel. However, it is still far from pre-covid level ( ordering new aircraft)
- With another round of Covid lockdown in China and geopolitical risk, I highly doubt the Chinese will...
