Gold to $1800, Bezos gaining $9B in 2days, over inflated stock prices & some of my trades and views..
Sup peeps, quite a while haven't been around. Hope all's well and great to see the crypto market green. Well today discussions will be more on Stocks instead and i'd like you to take a moment to watch this video on Naguib Sawiris an Egyptian billionaire putting half of his net worth into Gold
Well, its not just him many other economists and investors also agree to the fact the this period seems pretty much like the dot com bubble/ 2008 market crash period. I'd highly encourage you to listen to @marketreport and also check out this video too...
With that said as far as gold is concerned had a nice consolidation and maybe we play around ~1290 to 1320 for a while only to shoot it to the sky. I believe too gold is a much safer bet than stocks especially in such uncertain times. Well i have bigger limit buys for gold placed at ~1292 which hasn't triggered yet.
Moving on to Jeff Bezos, and over inflated stock price especially Amazon hitting over $1630 per share making him a staggering fortune of ~140Billion at its peak...Well as traders it was a perfect time to short everything was just in our favor. Double top, overbought RSI,the stock market crash rumors... Though i have realized that its not a good idea to bet against Jeff Bezos, this was a relatively safer one and i went in for it...Unlike the self proclaimed master traders and analysts i do post my loosing trades too hahaa...
In the next couple weeks this is what i guess is likely to happen with Amazon and with many other stocks for that matter...Well need to look out for 1560 & 1520 supports too, as i have said before got to be very careful betting again brother Jeff...What do you think?
Well all the indicators are showing strong buy though... But !
Well if there is one thing that you would want to take away from this is that its not a good time to looong now in stock and go ahead accumulate gold...My only concern is how well are stock and crypto related as in if at all we see a stock crash how that will affect the crypto market as i hate the idea of selling in crypto AHHH...Well, lets see.. Would love to hear your comments and ideas..
- this is not an investment advice, please DYOR
If you enjoyed it please do post your upvote, comment, resteem & follow.
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Gold is the must safe for investment.
Yeah heres some for you too 👑🏅 ...glad to connect mate
Great article, thanks for sharing. I've smashed the upvote button for you!
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Thank you for that info, I will look for it
Will check..thanks for updating brother.c ya arnd 🏅🚀
Hello @amreshchandra nice to meet u. First of all thank you for upvoting my 1st steepshot post. I read your post but i didnt understand because i am not good at business,stock market etc i am a medicine student..
Thank you
Wow, doctor 🍾way to go brother. You may want to spend some time studying market mate, walk in the park for you considering you are a medicine student haha 🏅
Ya i want to learn it
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Nice one @tts
Been so long you've posted and I know your return will surely bring enough good stuffs and news
Who I'm I to bet against jeff
Yea bro was busy with exams,project, work n all...Nice to see you too 😎🏅
Okay
I wish you Good luck on the results
welcome to friend!
Thanks bro..you have been consistent in posting ...grit..much to learn from you💪😎
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Thanks for updating
I want to raise my steemit level. Can you help me.?
Just keep posting, curating,commenting , resteem..its easier when you have a group..Well you are relatively new just a month..So as you said beginning is always the hardest😎👑
nice article
thanks for sahring