Investors and traders must utilize sensible trading strategies, intelligent portfolio management, and vigilant risk governance to stay ahead in today's fast-paced, liquid markets.
Renowned and legendary trader Michele Schneider outlines ten themes that will shape and drive the markets in 2023 and into a new era.
Schneider predicts gold prices could double.
With central banks' failed policies possibly leading to more economic chaos, add the weakening of the US dollar index, those are just a couple of market drivers to watch.
She also outlines the Commodity Super Cycle and analyzes several commodities, including the iShares Silver Trust (NYSE:SLV), highlighted in the chart above. She also investigates Technology.
Silver (SLV) has dominated the price ratio over Technology since last summer, as seen by the chart's current downward trend.
The chart highlights the possibility that tech stocks might lose more ground to precious metals if the current price gap persists.
Several factors, including inflation, industrial demand, low inventories, market tightness, and the gold-silver price ratio at near historic levels, lead Mish to believe Silver's price is likely to increase dramatically in 2023.
Her examination of geopolitical challenges, climate change, inflationary pressure, social unrest, and government expenditures, together with how retail investors’ behavior will evolve points to more turmoil in 2023.
And the best part is that she provides over 50 charts to provide readers with a visual perspective of these events. Also including her Top Stock Picks for 2023!
ETF Summary
- SPDR®S&P 500 (NYSE:SPY): 377 support and 385 resistance
- iShares Russell 2000 ETF (NYSE:IWM)): 170 pivotal support and 180 resistance
- SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) 325 support and 335 resistance.
- Invesco QQQ Trust (NASDAQ:QQQ): 260 support and 269 resistance
- SPDR S&P Regional Banking ETF (NYSE:KRE) 55 support and resistance 61.
- VanEck Semiconductor ETF (NASDAQ:SMH): Support is 200 and 209 resistance.
- iShares Transportation Average ETF (NYSE:IYT) 211 is pivotal support and 222 is now resistance.
- iShares Biotechnology ETF (NASDAQ:IBB) 127 is pivotal support and 134 overhead resistance.
- SPDR® S&P Retail ETF (NYSE:XRT) 57 pivotal support and 63 is now resistance.