In full disclosure, that interview took place on December 20, 2021. But it goes to show you... Just six months ago, top traders viewed cryptocurrencies as superior inflation hedges to gold. But now... it's my belief that view is rapidly changing. The Nasdaq, which is considered the highest-volatility group of stocks to trade, is down 27% this year. But then there's Bitcoin, which was supposed to act as an inflation hedge - and also offer a way to sidestep the Nasdaq's volatility... It's down 40% this year. So yeah... That promise of Bitcoin being a superior inflation hedge has now been completely invalidated. And this brings us back to gold... One of my favorite ways to play gold is by trading the Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT). This leveraged asset essentially moves at a rate of 2X the daily movements of the VanEck Gold Miners ETF (NYSE: GDX), a basket of top gold companies that includes... - Newmont
- Barrick Gold
- Franco-Nevada
- Wheaton Precious Metals.
As you can see from the NUGT chart below, this gold basket traded for around $80 back in April. But right now, you can own it for around $44. YOUR ACTION PLANAs inflation continues to soar - and the theory that cryptocurrencies are an inflation hedge continues to get invalidated - I believe that investors and traders alike will return to gold as a pure, true inflation hedge. And when that happens, NUGT could very easily move from currently levels back up to $80, which would be close to a double. Are You Making Money Off a Falling Market? These War Room Traders Are! *Notes below taken from just this morning... "On May 31, I purchased Jun 17, 22 DXD $50 Calls at $0.80, Sold them today at $3.10 = $13,287.95 profit. Approximately 150% gain. Pays to hedge!" - James GBS $ 6/13/2022 at 10:14 a.m. "Just made $5,320 on the DXD trade. I closed the 40 Shares/Contracts I opened at $1.67 for $3.00!" - Ednchina 6/13/2022 at 10:09 a.m. $5,000 as the markets fall... $13,000 as the Dow crashes. Those are the REAL gains my readers are making using my top bear market strategies. And today, I'll reveal them to you. If you're losing money in this bear market, drop whatever you're doing NOW! Click here to join The War Room. |
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