Afternoon everyone ….
I’m running a little late on my post today. Been driving all over the state looking at some potential new jobs.
Currently typing this post from the parking lot of a strip mall that’s around the corner from my next estimate which is at one thirty.
I took the travel time to listen to a couple of finacial podcasts my buddy sent me to listen to. This one guy I really like, he used to work for Fidelity Investments but left them just after the market crash in 2008-2009.
He has his own group now that handles portfolios for just a handful of clients, but major players I’d assume since his group is responsible for 780 million dollars.
Without making this post ultra long and touching on everything subject that he spoke about. I’m going to stick to the two topics that appeal to this specific crowd. Which is precious metals and crypto.
With the data that his group has been analyzing, his group is calling for a consolidation of the Precious metals market. The analysis has gold as out performing and hud group believes we will see the $2,000 barrier breached. He doesn’t believe it will be for long but it will be breached per the data they research.
Silver is collateral damage with this happening as well. They are calling for sub $21 silver, but it won’t hold either because of the JP Morgan manipulation factor. Usually silver takes longer to go back up versus gold. But they believe JP Morgan will affect this from happening.
Here is a chart from Kitco today:
On crypto, we all know a bull run is coming. Their group thinks that just after the Bitcoin halving there will be a consolidation on crypto as well. They believe that will be the right time to plunge harder into the crypto space and ride the wave into the bull market.