Markets just want to go up up-
With Biden confirmed- Market is happpieee- As it expects more monie-
Long term, US will be in a world of hurt with so much cash printing-
The music can’t go on forever…So I am still almost 40% cash.
Today, gold miners and REITs took a hit with Biden being confirmed and all the money flowing to Tech-
I swing traded HL, AG, BRG- Made 1%+ Not bad. Not complaining.
I will be buying more gold miners as inflation will soon knock.
I have been massing AG and HL, expecting silver to really pop this year.
In other swing trading, I swing trading Wrap Technologies (WRAP) which sells Bola Wrap, a safer device that immobilizes suspects.
The stock shot up yesterday with Capitol Hill being rushed. And today it went down again. I expect more stuff from BLM, ANTIFA, and some aggressive Trump supporters. So the stock has good fundamentals and huge volatility.
Originally, I was long WRAP but then realized that I can make more money swing trading until the stock stabilizes a bit. So far so good.
My outlook?
More volatility and potential correction very soon- I am heavy cash 😀
Thank You Jesus for a blessed day. Let us always be thankful and give You all the glory Amen-
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18
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