Posts To Receive Tiger Coins: Will You Trade Oil/Gold？
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Date to publish, Gold futures has climbed above $2,000 per ounce.
How do you feel about the trading opportunities for energy and precious metals sectors in the current macro environment?
Possible Reply may cover:
- The rally is coming to an end soon. Please Comment Why？
- The uptrend is not over yet. Please reason why and share related opportunities you believe.
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Gold price took a while, few weeks to rally beyond $1800~1850 and reached over $2000, showing it might have lost some of its lustre as haven and hedge in times of geopolitical crisis. At this level, expect sharp pullback or large % swings up or down.
Will long or short, trading short term in largest gold ETF $SPDR Gold Shares(GLD)$ rather than physical gold or futures, less volatile and risky, to take advantage of large movements. Need to be disciplined and take profit or cut losses when trading idea no longer stand.
Commodities and commodities futures like oil are high capital and high leverage products. For retail investor like me, if not careful, swings in prices could result in massive losses or margin call. So a safer investment option is invest in US oil producers via the S&P Sector ETF $Energy Select Sector SPDR Fund(XLE)$ Otherwise, let Buffett do the investing in oil for you (e.g. he raised stake in OXY), and invest in his $Berkshire Hathaway(BRK.B)$ vehicle instead.
I would buy shares of major oil companies such as $Chevron(CVX)$ and $Exxon Mobil(XOM)$ , rather than trade in crude oil itself, due to my lack of understanding of the latter and fear of having to take delivery of the crude oil.
@CaptainTiger
Not sure if its joe's move to nego with maduro to remove sanction has any impact.
Or people just want to take profit