Crypto rallies and inflation resurges

Since last week: The Fed meeting is coming next week just as inflation climbs

1. Bitcoin’s Year-end

Bitcoin rallied and then pulled back a few days ago, dashing hopes that it was going to run to yet another all-time high before the end of the year. But even with that temporary setback, it and altcoins have a profitable future ahead. That’s especially true in the case of a small firm who has the backing of a tech giant whose services you most likely use every day. Together, they’re taking on the credit card monopolies, and anyone who buys into this small firm is set to make big gains. Click here to learn more about it. 

2. Gold and Inflation

A hawkish Fed rate cut saw gold prices stumble this past week. Recently released economic data that showed producer prices rose more than expected saw traders betting that another Fed rate cut will be coming at the meeting next week. While this has somewhat dampened gold’s banner year, it’s another example of a pullback presenting a buying opportunity. Click here to learn more about one of the best ways to buy into the trend before the price recovers and continues its upward climb. 

3. Six Energy Contracts

The US is ramping up efforts to get away from reliance on Russian uranium. This is made evident by a recent offering of initial contracts to six different companies to produce domestic uranium in order to fuel conventional nuclear power plants. At a minimum, these contracts are $2 million and will last for up to 10 years. This goes hand-in-hand with efforts to build more reactors as it shows the country is taking investment in the nuclear future seriously. Click here to learn more about one domestic uranium producer who is set to win big in this nuclear energy boom. 

4. Inflation’s Return

Inflation is slowly clawing its way back as the national debt continues to snowball. This is all happening in the shadow of more rate cuts along with a new presidential administration. There are quite a few ways to invest in order to protect your wealth in this coming uncertainty. Click here to learn more about them. 

What to Look For

Seeing how the market reacts to rate cuts will be the big news story next week. 

Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle