Hello, Folks!
Everyone must've had a wonderful week in the stock market, gold and digital currency market trading across the globe.
Worldwide stock markets ended the week on a positive note which gave investors a good chance to book profit.
I expect markets to open weak on Monday- September 4, 2017 due to North Korea tensions as it has claimed to have a successfully tested hydrogen bomb- Washington action is awaited.
In the coming week, a word of caution is advised as we may see a deep correction in the markets due to geopolitical tensions, unless ignored by the market players.
Link
As informed in all my previous articles, gold has been on an uptrend since then. It has come out of a consolidation zone and is slowly but surely marching towards $1400 mark.
The reason for the uptrend is weakening of the dollar and geopolitical tensions which still persist as well as the fall in equity markets will lead to the investors shifting to gold as an investment.
Investors need to accumulate gold for steady and healthy returns.
If you have read my previous articles, I have always been in favor of the opinion to remain invested in gold.
I suggest every fall in gold should be taken as an opportunity to buy gold- it could be gold coins or quality gold shares.
The digital currency market also gave the community healthy returns in the last week.
However, again a cautious approach is what is required at the current valuations of the tokens.
Bitcoin, Ethereum, Litecoin, Ripple XRP all moved sharply upwards and as mentioned earlier, a word of caution is advised and today all the major tokens are down somewhere between 3 percent to 8 percent.
However on a correction, buying the top 10 market cap tokens would be a safer bet for the crypto community
The digital currency community needs to be very vigilant while putting their hard earned money in ICO's as there is no regulation and there are many unsolicited ICO's that are taking the opportunity to cash on in the bull market.
I am not saying that all ICO's are bad. The community needs to be very diligent in selecting the correct ICO before investing their hard earned money.
Digital currency trading is certainly not a scam and there are many countries including China that are trying to find a solution to regulate the cryptocurrency markets and protect the investors from burning their fingers.
The Blockchain Technology is here to stay and is considered as a new investment opportunity.
I will be back with more from the World of Financial Markets.
Have A Wonderful Weekend!!!
Comments
Post a Comment