With the dollar in the gutter and the Fed all but determined to keep rates low, this is the only trade that matters right now. The breakout in gold was long overdue and there’s a long list of mining stocks that will explode higher if gold hits record highs. I like El Dorado (EGO) because it’s been really good to me in the past.
As far as Bitcoin is concerned, if you didn’t buy it at $3,200 there’s probably no reason for you to buy it at $11,000. Everyone is convinced Facebook’s new cryptocurrency (Libra) will be a game changer, but nobody really knows what this means for the crypto sector. Will the Libra be the gateway coin that leads the masses to Bitcoin? Or will it kill every decentralized coin in the market? Only time will tell. In the meantime, don’t risk money you can’t afford to lose.
Is There a Big Short in Bitcoin?