Since last week: Trump and China came to an agreement to pause tariffs, and the market rallied as a result. But it came at the expense of some commodities and other sectors.
The gold bull has slowed down and pulled back with the price dropping to around $3,220 per ounce on news that the US and China have started trade negotiations. It seems some investors felt comfortable taking money out of gold since it’s usually seen as a haven investment. But the long-term trend still has the price of gold going up, which is why this is a buying opportunity. Click here to learn more about which gold plays you should be buying into.
Bitcoin prices were another victim of the rally brought on by positive economic news that was spearheaded by progress on China-related trade talks. But while Bitcoin’s price pulled back some, it may only be a temporary move as the digital currency has plenty of room to run ahead of it and there is still a lot of profit potential to be had. You can learn the details here and see just why Bitcoin is still a smart buy.
Denmark is considering adding nuclear power to its sources of energy, which would break a prohibition that’s been in place for 40 years. The country wants to become carbon neutral by 2045 and it can only do that by adopting nuclear power. That means uranium will be needed to power the reactors once they’re built. This is a growing trend all over the world, and one that’s going to make a lot of money. Click here to learn more about one uranium supplier positioned to win big in this bull market.
Trump is still trying to bully other countries into making deals with him regarding tariffs, so that could weigh on markets.