gold news

 [Music] I'm Charlotte McLoud with investing news.com and here today with me is Christopher Mulan Chief Market strategist at the technical traders.com thank you so much for being here great to have you always a pleasure Charlotte yeah thanks for having me yeah really good to be catching up with you at the end of the year our last conversation was a a little while ago was all the way back in July and I want to go back to that because when we were speaking then talking about gold and you were looking

for 2650 to 2750 in the next 2 to 3 months and that was pretty much exactly what we ended up seeing so of course we got to go back to that and ask you where is gold going next from where we are now yeah well for sure so gold has been a very very straightforward trade for for quite a while and if we take a look at the charts uh we can see that on the monthly basis let's the monthly chart is is very accurate for gold and when we take a look at it this is the reason why we talked about uh 20 more or less 2750

for the upside in in gold which if we were to go back to the start of the last Super Cycle in 20 uh in 2003 somewhere right in 2001 in here um if we use a Fibonacci extension which is my favorite tool I found it's the most accurate tool to to project forward targets and we're we're going to the bull market 2011 to the pullback in 2015 and if we carry this forward this is where it it it tells us the momentum from this rally up and the strength of this pullback once it starts to build a base and then start

a new cycle to the upside which I wrote an article talking about the new super cycle for gold has started then we should see that the move up to 618 level generally if you pause at the 618 you're going to go all the way up to this one level which is the 100% measured move and that's that 2750 area which we've now tagged on the monthly chart and now gold is taking a pause um gold could still go higher here but that easy run that measured move is definitely played out at this point so uh as much as I

like gold I own a lot of physical I'm not planning on selling it I do think we're going to see gold um if we were to fast forward a year from now I do think we could see gold maybe push a little bit higher over the next month or two but overall I think we're going to see it pause and and take a little bit of a pullback and build kind of a launch pad uh as the stock market the economy I think is going to soften potentially like by the end of January we're going to see things turn and then we're going

to see a big move up in gold and this peak right here is very similar to what I believe is the 20072 2008 Peak where gold did the same thing it rallied up it paused sideways for a couple of years and then we we saw the whole world move into gold because they're worried about the stock market being overvalued bubbles in real estate all of that stuff and then we had that pullback in gold with the rest of the economy just because everything generally goes down together when investors are selling and

then we go into a multi-year huge leg so that's what that's what I see if we were to look forward you know a year from now I think we'll have seen multiple months of the price going sideways or lower and then it's going to be that big rally for four five six years and that's when the miners are really going to participate and we're going to see that everybody's going to want to be involved in the precious metal mining space because they're going to do those hundreds or

thousands of percent return uh when gold blasts off in this new kind of economic reset um so that's kind of what I see from the big picture of gold yeah and this is this is a perfect time for us to be looking at the big picture for gold as we are about to head into a new year so from what you are saying we're going to go sideways to lower before we have this move up at what level would you be a buyer of gold because I know that people are still looking for opportunities to add more to their

portfolio yeah so um it's going to be after I think we we see gold have a little bit of pain now right now we're we're seeing a little bit of fear in the stock market as you and I are talking in the previous session the vix had a pop of about 11% in the last session so we're seeing money flowing out of small cap and aggressive stocks uh just this week and they're moving into gold so gold has got that safe haven play and there's this chart that I really like to look at because I like to know where the

where we are in the big picture of things and this whole cycle here this blue kind of cycle uh this is the stock market cycle I believe we're getting very very close to a market top and this is when gold performs exceptionally well it's also when whoops energy stocks perform exceptionally well um and and so whenever there's a bit of fear in the stock market I think we're going to see gold silver and miners want to move higher and that is exactly what we're seeing this week and really they have

been moving higher for several months because the whole world is getting nervous and they're moving into the precious metal space so if I had to say okay well where would I want to pick up uh gold Reby gold I it's gonna really dictate how PR the price of gold goes sells off it's if it's a controlled sell off and it or if it's a waterfall sell off they kind of have different characteristics but if we use a Fibonacci retracement from this last significant low let me just zoom out on

the chart a bit more you can see this last significant low if we were to use a Fibonacci retracement to the current High The Sweet Spot for a market pullback that's still very bullish is usually between the um 38% pullback so it pulls back 38% uh of this initial rally all the way down to 50% so we're looking at 2200 to 2350 would be kind of like that next major reset and it looks like a really good spot on the chart because the market loves to flush out um stops so there's going to be people that

have if this level here is broken it's going to trigger a lot of selling there's going to be a lot of little lows through here that people will have stops layered in and then this ultimate low right down here is going to be where people are like if it breaks that I got to get out and so I think we're going to see the market eventually reset this is to me is like the ideal setup is it comes all the way down and then breaks this low right here and people bail out we'll see a big spike in volume as

people get out of gold and that will probably be the exhaustion sign that gold is has washed out it's spooked out everybody who couldn't take the pain and then we're probably going to see some knee-jerk reaction and it's going to build a launch pad and then start to take off so that's kind of my ideal Sweet Spot um not a not not a lot of people want to see it go back down to there but it's actually a very very strong sign because after that then we can run for for many years I think to

the upside um if gold was to just keep taking off the way it is right now it'll probably come straight back down in due time because things that go parabolic straight up generally don't have legs to be sustainable we actually want it to take time years months quarters kind of to unfold and work its way higher the slower something goes up the more sustainable it is the long longer it can do it and um you know I know people want fast gains but fast gains usually equal volatile accounts if you don't know when

to trim profits and get out before they come back down yeah I think that that's really helpful to look at and people definitely might not want to hear that news that gold is set to go lower but as you mentioned it's an opportunity and we've got to keep in mind the long-term picture and just thinking a little bit more about that I know we've spoken about the super cycle gold is in before I believe you told us that has begun in 2019 so so we're quite a ways into it but maybe we can talk a little bit more

about how that plays out for gold and the upside just so that people understand the the big picture on on the price levels that could be coming there yeah so we could take a look at uh the monthly chart of gold and super Cycles are are are very big so we could um until we get this next pullback we can't fully project where that next upside Target is I mean I I I I can show you one but it's not going to be super accurate uh people always want to know where the future like price is going in the future but

you we do need to wait for as a technical Charters we kind of need to wait for this pullback so that we can draw that next measured move and so if we were to come back down to this this level that I I mentioned before this Fibonacci retracement between 38 and 50% around this 30 2300 uh we could use that and we could base price off of um this next level so this low up to the high that we saw just a month and a half ago and then down to this low and that will project forward where that momentum is so the next stop

uh there'll be two stops generally what we'll see is price will run up to the 618 it'll probably have a couple months pause or pullback and then suddenly it should blast off to 3500 so those are the next two levels to the upside um and so I mean I usually only measure one level at a time I could throw a 200% move but they don't become accurate you're really best to like let the market unfold draw the next move don't not try to predict where you think it's going to go like you know uh with really

loose um price action let the price action allow you to draw it and you have to be patient people you know people want to know where to buy when to buy where's it going but it doesn't work that way you have to let the chart draw the picture and then you can you make your decisions as the picture unfolds um or else you're really just speculating and you're guessing on a bottom and you're guessing on the top and that's not what I do I follow price let the price lead and we just have a good

strategy to follow it to make sure if the trend is strong we want to make sure we're part of it if it's a weak Trend we don't trust it doesn't meet our criteria we don't get involved in it I think that's a a really great reminder because of course people know that you're looking at data from the chart but have to remember that you need enough data to make those further out projections so that that actually really helps me understand how you're looking at it before we move on from gold I've

got I think one more question you had mentioned the gold stocks will have their moment it sounds like it won't be for some time so maybe right now is not the time to be in Gold stocks would that be accurate or or what are you seeing there uh yeah I think gold stocks have had most most of their move to the upside h what what we tend to see is um I I think gold silver miners to the end of January I think are going to want to go up and test the highs that we saw just a couple months ago I think they're

going to want to push up and maybe poke to a nominal new multi-month or multi-year high so I do think there is some upside potential in miners but I believe it is a short-term trade it's really just a retracement back to the high we're seeing as soon as people get a little bit nervous they move into gold miners silver Miners and precious medals so there's there's a good chance that that is going to happen but overall I don't think we're in this major stage like we've seen like back in 2009 where

we see this huge percentage move um to the upside I think we're going to have to wait when the market and corrects when the stock market goes down it pulls most stocks with it and gold miners are stocks stuck in the stock market so when the tide goes down it pulls almost all stocks down it doesn't really matter the sector they're they have a downward bi us and so when we're in a bare market and we have a recession you really don't want to hold any stocks period because they're all going to be weighted down

we're probably going to see the US dollar scream higher which will help pull gold back and of course it'll also pull miners there'll be a lot of reasons for miners to get hit pretty hard um and the question is where will they find a bottom in here but once they do it's going to be just like the gold trade where once it pulls back and we see gold miners coming to life and outperforming gold then that's going to be our early warning sign saying okay typically we're going to see golden miners bottom before

the stock market does and before the economy does and so that's what we'll we'll be keeping our eye on what are gold miners doing and are they performing gold and are they starting to turn up and once they do then we just have to wait for the proper setup on the charts and we can say okay let's get into Miners and uh and precious metals in general and and ride this next move up and it'll be a great opportunity but again I don't know where that's going to be it all depends on how the markets the

economy unfolds do we have World War III that gets super ugly and golden oil shoot up and and that might skew things right those are the odd Black Swan event that could pop up but overall now is like a trade I think you can make 10 15% to the upside in minors as like with GDX for example uh but overall I think you'll be able to pick it up at a much lower price uh down the road before the next uh kind of blast off where they all become Little Golden rocket ships okay I love that golden rocket ship

visual so we'll keep waiting for that to happen all right so I want to throw in a question on Silver as well because we usually spend a little bit of time on Silver I imagine it's going to have a similar trajectory as you see coming for gold but let me know what you're what you're looking at there yeah they're they're all pretty much the same uh projectory I think we're going to see silver move up to the end of January um and and we're going to get up into these highs that we saw back in in

2012 um silver might want to push up into this $36 range poke a little bit higher it it is in a nice uptrend I mean we've got a nice oops we've got a nice Trend moving higher we have a rally a pause a rally a couple tight little bull flags that are pointing to go back up and test the high from a month and a half ago uh so I again I think we're going to go up but this is going to be a major resistance level this whole uh Zone in here between this high and this candle wick High um and of course we got

a lot of volume and volatility through here so if it gets up there uh it's to me it's a it's a level most people will get super excited they'll be like oh Silver's going to the moon but that's probably where it's actually going to get hit when everybody gets super bullish that means they already own it uh and of course when everybody's happy the market likes to break your dreams and then the market will reset and reset investors right so again everything has got this upward move to probably the end

of January bullish for all the for the precious metal space um and after that I think you need to be very aware you need to be like moving your stops up and and locking in gains because this could get wiped out in a blink of an eye um and reset with the markets okay and and one more brief question on the precious metals keeping in mind that you just said that they're essentially all the same but this is a little bit of a historical question I think so we've seen gold and silver making these moves and we're starting to

get questions from our audience about platinum and whether there is historical precedent for platinum to follow gold and silver I thought it would be a good question for you because you look at the charts and and platinum gets a little confusing because it's got the precious and Industrial side so how how do you see it there uh yeah so if we take a take a look at Platinum Platinum this is again the monthly chart uh you can see the 2000 uh hu huge shoot up in 2007 20 8 and then it just got hammered with the

you know the financial crisis the bare Market it just goes to show how much things can fall that was a you know 65% haircut silver also fell 65% during the 2008 financial crisis uh but you can see how they can have massive recoveries the what I see with Platinum is it's pretty dormant everybody always used to talk about Platinum when I was a teenager everybody wanted like a platinum ring and platinum was better than gold now it's like way cheaper than gold uh it's funny how how times have

changed but Platinum is really in this sideways formation it has been out of favor nobody's really interested in it it's dead it's in a stage one base and um this chart here shows a really good example of a stage one which there's four stages to the stock market and a stage one is this kind of red stage or or to the right over here this flat stage I shade it orange and red because it's dead money you're going to waste time it's unpredictable it's just ping ponging around just ignore it and go

find something else to make money in until this asset starts a stage two which is a bull market and so Platinum is in that flat stage and it the longer something builds a base the the bigger the rally can come out of it um there'll be a lot of people who give up on it and eventually all those people will want to pile back in so it'll make for a very big move and I do think we'll see Platinum do well a really interesting ETF is this one gltr and this is a an interesting way to play the precious metal space because it

is a basket of gold silver platinum and platium and it has this giant cup and handle pattern which is one of the strongest chart patterns gives you exposure to four metals with one trade and uh it it's moved up and and I think it's got a lot of upside potential um come the start of the next big moves I I think we're going to see precious metals gold and silver pull this down again and it might settle into these highs or somewhere down into around the $100 Mark but after that you know this shows you a

nice basket of the precious metal space because this includes platinum and plaum and gives you an overall feel of the space so once Platinum does kick into high gear uh in plaum as well um we're going to see the whole precious metal space really take off because I think we'll see all four of them uh rally okay okay thank thank you for humoring me on that one I think it's it's again useful to go through that so if we look over to what's going on more broadly I remember heading into 2024 I

heard from you and and really many other people that this was going to be the year that we see the US economy roll over we get that big stock market correction and clearly you still see that coming quite soon but why do you think it's been able to continue on up for so long these major indexes continuing to go higher what what's happening there yeah I think I think there's a lot of there's a lot of play I mean the the fed and and changing rates the FED is dropping rates before the

stock market is even like pulling back the way I always experienced it is until Wall Street has a ton of pain and the the the super wealthy are losing a ton of money from falling stock prices and businesses are struggling the FED usually doesn't do anything and here we've got the FED thinking they're all ahead of everything slashing rates already and and the markets haven't even budged to the downside they haven't really done anything um so the FED lowering rates is trying to keep the

stock market going higher maybe has to do with elections or you know who knows there's all kinds of stuff woven into it um in terms of the the General market when we when we look at it I mean we've been on this very strong move I think I think what we're seeing here is the big AI move we've got the Magnificent Seven AI has kind of trumped the market especially when we look at the like the NASDAQ the we've got Nvidia we've got all these big heavy weights they're all like five to eight% of the indexes and

they just keep driving this Market higher uh and and dragging it up but when you lift the hood to the market and you look at where the money is flowing and how aggressive people really are and how there's a lack of liquidity uh the market isn't really that strong now the SP 500 and the NASDAQ look really strong because they're Tech heavy and the Tech's doing the heavy lifting but in general the like the 2000 um is is is testing is just coming up to test a double top here um in in the overall

Market we'll see how this this plays out over the next month or two the market loves so small caps are just starting to make on the verge of making some new all-time highs and right now we've got the vix is very low people aren't fearful and they're piling into like all the arc ETFs Bitcoin blockchain sector um Auto autonomous Vehicles they're moving into all the sector ETFs that were skyrocketing through 2020 the covid kind of Boom in early 20121 and so I believe the market is

running out of steam we've got all kinds of different Cycles topping here money is flowing into gold precious metals utilities we're seeing all kinds of weird money flows and shifts and the dollar is doing very well these are all warning signs but now the general public is is piling into the aggressive stuff without any fear because the is low and usually when the general public piles into the aggressive stuff and they think there's no downside risk that's usually the music is about to come to an end so

that's why I think December seasonality wise is very strong for the stock market uh for both gold and silver if we look at the seasonality chart we're kind of right here in in in the markets and we're starting to see a little bit of a pullback so a little hiccup for the next few days in the stock market should be expected it's actually healthy and then we're going to have a push to the end of the year for stocks um here if we take a look at gold gold has kind of already taken a little pause it's already

starting to push higher it should go up even stronger into the end of the year so um in the grand scheme of things I think this seasonality wise and the momentum of people chasing and and piling into these aggressive stocks is going to run out of momentum I think come January and there's kind of like a saying like if January the month of January closes higher positive for the for for the month we usually have a positive year for stocks if it closes negative we usually have a negative year for stocks so it's going to be very

interesting to see where all this shakes out by the end of January and what that kind of monthly Candlestick or chart says about the SP 500 are we positive or negative um so I feel like it's the last little hurah kind of squeeze up in the markets Nvidia like I think a a lot of things are starting to struggle Trump getting in in January tariffs potentially kicking in um it's going struggle it's going to cause a lot of problems I think for some of the big multinational techs the high dollar and

tariffs with semiconductors uh so there could be a big unwinding and so that's kind of like the view that I see unfolding now I should mention one thing because I have been very bearish on the market for a long long time and is I like to be prepared of what could happen so I I have a game plan and when I look at the long-term strategy of the markets um it's very important I like to look at the stock market like we have a rising tide environment we have a falling tide environment and of course we are in a

rising tide now I have been bearish for a long time uh but it doesn't mean we actually are betting on falling prices we are long the indexes as a long-term investor and a short-term Trader um playing this we just know that the music is going to stop and we better have a game plan on the short-term basis to get out soon and and our long-term Investments to also get out when the tide changes and that's the disconnect um Charlotte that most people get they're like ah Chris is bear it's been

bears for five years like yeah but that's not how we position ourselves I'm just trying to mentally prepare everyone that eventually we're going to have a huge wipe out it's either you get slaughtered or you see it unfolding and you take the proper actions and benefit from it um but you still have to follow the trend and right now the trend is up okay I think I think that's really important to to make that distinction between that Outlook that you have and then what you're actually doing as

that's going on so so really helpful there and again keeping in mind that you just told us how much uncertainty there is and that we're going to have to really keep an eye on the end of January there I will ask about I think I asked you this every time but I'll bring it up again the length and the the severity of this this move downward that we are heading toward and will get to eventually yeah that's that's a good question I think uh we'll see like the 500 pull back um anywhere from about 38%

to about 55% uh how long I feel like it's actually going to be more like the 2000 kind of uh Major Market top where it took like three years of kind of big bounces to the downside like lower and lower and lower I think it could drag out a lot of people are anticipating like uh an elevator ride down like a wash out low a waterfall selloff but the markets tend to do things you don't you don't f um what you least expect uh so obviously there's going to be two scenarios it's actually going to take

it's going to take several years to unfold or it is going to be like a 2008 financial crisis and like it just goes into a landslide and it's fairly abrupt and lasts like six or eight months we don't know and um that's where we have to let the chart paint the picture so we can then Analyze That and take action because depending on how something moves changes how we need to approach it how we're going to trade it how to also identify a bottom knee-jerk reaction bottom is very different than a long

slow bottoming you know stage one that takes a long time so um really like no one knows right and that's the reality of it so let the charts paint the picture let's follow it analyze it and then take proper action as it unfolds it's not what people want they all want to know an answer but that is the reality of trading and investing managing positions it's uh you don't go off what you think and what what I project you go off what the charts are doing and then manage your risk

accordingly yeah you always speak about it in in such an Artful manner it sounds very Zen when you're describing how how you watch the charts there so always interesting for me to hear and all right one other point that I want to bring up is Bitcoin which I don't think that we've ever spoken about Bitcoin before but you're telling me before we turn the camera on that you actually got into Bitcoin for the first time and I think he said about 10 years so tell me what you see coming there we've seen this

move past 100,000 which was a big milestone now it's pulled back what is the the future looking like for Bitcoin for you yeah so so Bitcoin has a chart very similar to kind of like the whole precious metal space that basket ETF I showed you so I haven't been really that interested in Bitcoin in a long time back when it was trading somewhere in the 40s here I talked about how my downside Target was 16,000 and I remember doing a a crypto show which um I got laughed off the stage by the whole panel about my 16,000

prediction and of course it went right down to 16,000 which is which is pretty epic the charts that was like the Epic kind of setup for a move down but the the change here is finally we have this giant cup and handle formation as a technical Charters this is one of the strongest chart patterns you can also just say this is a bull flag you have a flag pull going up and then the flag is flagging down that is considered the halfway point for um for the move that's the the first half of the move and we

can measure the second half using Fibonacci extension so if I was to just grab the um the low and we go up to this high and we grab this low this tells us where these next upside targets for Bitcoin are and it is right up here around uh 109,000 is the next upside Target and we got into this a few weeks ago we've played this move we actually took half of our position off at 87,000 and now we're looking for about 18,700 as our next Target as a conservative Target to get out this is just the only reason I got into this is

because I haven't played Bitcoin forever and this chart pattern is like kind of the Epic I'm like you can't miss this trade this is like a trade you have to put on it is a herd mentality trade meaning the whole world is watching it and once it starts there's going to be one of these green bars or two of these green bars that just shoot up and so we got into the trade and I think it only took like a day or two and we hit our 15 or 20% Target you know like that that's how explosive it was and how primed and

ready and so right now Bitcoin is just trying to digest this 100,000 mark because everybody was saying is it going to hit 100K and is 100k resistance and it is 100,000 is a whole number meaning people always say if it hits 990,000 I'm going to sell some if it hits 100,000 I'm to sell some so when you're underneath these whole numbers they act as resistance and so we actually hit uh when we look at Bitcoin especially on the on the daily chart and if I was to draw a line right at this 100,000 Mark

we came up and we tagged that 100,000 Mark and quickly we saw a little bout of selling profit taking it came back up tagged it again we saw another bout of people selling um we had some news with with Trump hiring somebody created this this quick rally up it was a news driven move it's still trying to eat through this 100,000 level every time it gets at that level new people see it it's back at 100 and they get back online they put in their orders they sell some of their Bitcoin so it's just trying to eat

through that resistance the longer it keeps eating through here that weaker that resistance level is going to get and then we're going to probably pop up to this next level believe it or not when you take this and you measure it out Bitcoin actually has the next major level at about 160,000 uh so it's a huge huge difference from where we are right now but uh I'm using this as just a pure trade get in we hit our first Target now we're going for Target two and when we hit Target Two when you hit this green

this 100% measured move there's usually a much bigger pause and correction and that'll reset things for us to get back in again once we know where that next level will be taking it one step at a time so uh I'm I'm just using it as a pure trade I don't invest really I own Bitcoin from from like a decade ago I haven't bought any more but this is just a pure U speculative trade just to play this Bitcoin move because everybody's watching it and that creates these giant strong moves very quickly technical

moves work out well okay really interesting to go through that and definitely all all eyes are on bitcoin right now just a quick follow-up question so what is your preferred vehicle for for trading there uh I think it's such a global thing right like I I I traded an ETF I traded uh gbtc which I got a lot of flack from I told everybody to trade whatever they want I said if you want trade the Futures if you want trade actually the crypto um there's ibit there's a whole bunch of them now right

and the only reason I traded gbtc it doesn't track exactly but I I use it also to generate my buy signals it gives me um I can tell the sentiment of Bitcoin from reading it when you compare the two of of where it is and it generated a buy signal telling there's actually not very bullish sentiment in Bitcoin that crossed and turned positive and I said hey this is it we've got a beautiful monthly chart on bitcoin itself and the sentiment is Shifting based on that and so I just traded it

because I'm expecting it to only last like a month or two and I'm out if I was to do it again I'd probably buy the ibit which is what most other people seem to do it has way more volume it tracks like very close to bitcoin price action itself uh but because I'm not looking at it as like a long-term trade I just just traded the ETF that I'm comfortable with that I know because that's the one I follow so um I'm not picky I I I just if I see an opportunity in something I know

I'll take it versus going to an ETF I didn't know till that day I'll be like H I'll just stick with what I know right so that's kind of what I do uh when I put on risk okay okay that makes sense and all right so we're getting to the end here I do want to ask you I know when you're you're looking at all these different trades you are looking at the charts you're trying to tune what's going on but I want to bring up so you mentioned there's this Trump element to

bitcoin and of course there's a trump element to a lot of things right now as we're heading toward this this second presidency so I'm wondering if we look back at the first term because we've had them before can we use that as a blueprint to understand what sectors might do well in the coming four years or or is there not really that that analog there um I don't know believe it or not I don't really follow presidential cycles and what does well here and there that's not that's not my my thing um I

would think the fact that he was president and then had a time off and is coming back now I think it's going to make him a very different president for some reason usually you know when you think on something you have time away and you come back you come with a very clear vision and thoughts of oh I did that wrong when I was back you know when I was president the first time so I think he's going to come back much more structured not only that he has the world's SP smartest man you know in his

pocket Elon Musk I think if you're to play anything it' be like whatever Elon Musk is involved in is probably going to do well because everything is probably going to benefit his companies um and he's going to probably get the contracts and all of that stuff right so that's why Tesla's skyrocketing um so I I don't know I I think I think the bet is more so Elon and I think tax cuts they want to streamline things for small businesses which I think is why small caps and small businesses are doing well they

want to try and cut some of the red tape I mean I have multiple businesses the government the municipalities like I mean they literally are trying to put you out of business all you want to do is open up and help people and there's so much red tape and policy you you can't do anything so Elon wants to get rid of that Trump wants to work on taxes um I mean as much as people hate him I mean I think it's going to be a very interesting and a positive mix um something needs to shake up because

things are weird so we'll just let them unfold how they're gonna unfold I think I think that seems like one thing you can guarantee there's going to be shakeups I what they are we'll we'll find out okay all right almost to the end here I do want to ask I I think this is a fun question I like to ask this to everybody toward the end of the year looking forward to 2025 what do you think will be the best performing asset of course keeping in mind all the market dynamics that that we've already

discussed um the best performing one I think it's going to come down to maybe two I have I have two too in mind and and of course it comes back to the whole Trump pivots like if he does all these tariffs and it makes inflation higher or keeps inflation up we might not see interest rates drop but I do feel like like TLT the long-term treasury bond ETF I think bonds will go up I think rates will eventually come down so I really like that the TLT monthly chart is is epic it looks just like the Bitcoin move

in terms of I think the the bond market is putting in a major major bottom but depending on how inflation plays out it might take a lot longer than people think so I do like TLT I like bonds I also really like the US dollar Index so you can buy an ETF you know to benefit from that or just hold US Dollars uh but I think the US dollar is going to do very well and the US dollar Index itself I think is going to perform exceptionally well I'm Canadian and I think you know the The Exchange right now is about a buck 40 from the US

Dollar Canadian dollar I think we're going to see it go all the way to about a buck 60 next year so that's a 20 cent jump so just holding US Dollars alone is is a great trade and that's where all my investment capital is it's all in US Dollars um I only trade us ETFs because I believe I'm holding an a currency that is going to add a lot more upside potential and currencies generally move pretty slow so it's a very comfortable way to watch your money kind of move you know it's not a straight line but um in

2022 the stock market pulled back about 20 5% the US dollar Index rallied 177% and the biggest pullback for that whole year in the dollar was less than 4% so there's like no volatility like you can stomach it and it currencies Trend really nice so the US dollar to me is kind of my my core play because that's what all my money is in and I believe the dollar is going to go up and the Canadian dollar is going to fall with falling oil pricing because I think oil is going to get pretty ugly which we

never even touched on the energy sector space looks brutal but uh it'll be interesting it it will be interesting and sad to hear you say that about the Canadian dollar I'm here in Canada as well and it's very painful to travel across the border okay any final thoughts yeah so bad any final thoughts Before I Let You Go no I think we really covered it I think you asked all the right questions I think and hopefully I kind of make it clear you know uh p uh forecast projections aren't what we trade you

have to follow the price that's where people need to understand they're always like oh he's bearish and you know it's that's the part people just need to figure out is follow the price but you know eventually we're going to have a B major Market reset eventually one year I'll be right in terms of the forecast but uh it's all about following price and not holding things that go down if if they turn around okay very good thoughts to end in heading into 2025 thank you so much for for taking the

time to go over all these different pieces of the puzzle yeah my pleasure Charlotte always always a good time of course and once again I'm Charlotte McLoud with investing news.com and this is Christopher Mulan with the technical traders.com thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment [Music] below for