Spotting the next trend

[Dollar_McGavin]

@ponponwei

@Dollar_McGavin

US officials don’t control the economy, they can only manage it.

I had thought this too but perhaps an exception is the crypto market (of which I’m not sure you delve into).

No, officials don’t control the crypto markets either, as the high positive correlation between BTC and Nasdaq100 shows (see chart in the link below):

@Dollar_McGavin

I would say that Bitcoin is more closely correlated to the Nasdaq 100. See the chart below

In other words, the same forces that influence the Nasdaq100 also influence BTC and the crypto market, nothing officials can do about that.

Officials do however try to regulate the crypto market which is totally different.

@ponponwei

@Dollar_McGavin

Actually I rotated out of equities and into hard assets (precious metals, uranium, battery metals, rare earths and more) in 2020-2021, as commodities were (and still are) the lower risk, higher reward asset class.

That’s interesting. It’s been a while then - also what great timing. I’m new to do this so pardon my question - are you doing this through ETFs? Or outright buying precious metals?

Please feel free to ask questions, it’s hard to learn otherwise.

My timing wasn’t bad, but I need to improve my technique for scaling in and out. Always learning.

I manage multiple accounts, some are invested in ETFs, funds and the physical commodities themselves, while one is invested into commodity related stocks and equities in exploration, mining, refining and production.