2x our Gains in 8 Weeks
On December 5th I told our WhatsApp Bdcst Group I bought shares in Applied Opto Electronics at $26. Yesterday, it hit $49. The WhatsApp Bdcst Group contains messages of what I (Ashraf) do and NOT what I tell the members to do. I do NOT give advice, I do NOT give recommendations. I tell members what I (me) (Ashraf) am buying, how I am cutting my losses, hedging them or diversifying. I only use leverage in metals, indices and currencies but never NEVER leverage in single stocks or bitcoin. My social media (Youtube, Instagram) are full of my takes on gold, silver and metals. But hardly anyone knows what I do with stocks and the ideas i share with my Group. Expand your mind, diversify your portfolio and be a better investor.
If you missed last night's video, I posted 4500 and 72 as targets for gold and silver respectively from my Friday charts. Here is a quick video on the likely support levels in gold and silver following Trump's announcement to appoint Kevin Warsh to head the Federal Reserve. Despite the cacophony of pundits' comments concerning Warsh's economic stance (and change of mind) about inflation and productivity, he remains a maverick able to surprise the markets and even Trump. 3 mins video.
Read More...The sudden rise in probabilities for Kevin Warsh to become as the next Fed chair from under 40% at around midnight London to 94% 1am London following a headline that Trump will announce his pick on Friday, as opposed to next week. Below is the chart of Polymarket odds for Warsh and other candidates against metals and DXY. Kevin Warsh, a former Fed board member during the Global Financial Crisis is known for his stance against inflation. In otherwords, he is perceived to be less dovish than Rieder, Waller or Hassett. I will publish a more detailed video today (Insta or Youtube) on why the market impact of next Fed Chair may not matter as many think.
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