The stock markets across the globe were in red last week. However, this week or rather by midweek we may see a pull back of the indices but this does not suggest that markets will keep rallying.
The reason for a pull back in markets will be a sigh of relief to traders to book some profits who have bought stocks at lower levels.
In my first article, I had mentioned stock market at present levels is not for long term investors, it is purely a traders' market.
Long term investors need to be more patient and look for safer avenues for investing.
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The gold and silver markets after an initial uptrend moved little lower as risky assets were more prefered than gold and silver which are safe haven.
The reason for gold to move up further is because we are still not out of the woods due to geopolitical concerns in the Asia-Pacific as well as the United States of America which can crop up again also gold has consolidated to move to $1400 in the short term.
This week, Cryptocurrencies have given good returns in short term though currently Bitcoin has corrected but seems to be consolidating around $3950 - $4000 before making an upmove.There is a correction phase in most of the coins except Bitcoin Cash which had moved to over $900 and is currently trading at $830
Well you must have got Bitcoin Cash free or must have recetly purchased ,so folks you are on good gains.
A wall street strategist has predicted Bitcoin to go up to $6000 in a year and $25000 by 2022.
Folks, this is for those who are interested in the new launch :
Futuro Coin seems excellent for investment which is my personal opinion. You need to verify information with your financial advisor before making any investment decision.
One can check out the website of Futuro Coin: www.futurocoin.world as the concept seems very interesting to me, personally, since it is based on social media platform.
In my next article I shall inform you about few more coins to watch out for as well as other financial assets.
Let me conclude with a lovely note I came across:
Disclaimer:The views mentioned are purely my personal hence you need to consult your financial advisor before making any investments.
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