Categories: General Market Commentary- DPC
Topics: General Market Commentary- DPC

Resource Wars and Crypto Catalysts

Since last week: 

Labor numbers were released, and they showed the economy is slowing even though the labor market is still strong.

1. China’s Minerals

The US and China seem to be on the verge of a new conflict involving semiconductors and the minerals needed to make them. The US is limiting semiconductor sales to China. China, in turn, has announced export restrictions on some key minerals needed to make semiconductors. Resource wars like this are going to be common in the very near future, which is why countries are changing their supply strategies. With the right insight, this is a trend you can profit from.

2. Gold Holds

Recent jobs numbers held strong, and that caused the price of gold to stumble slightly. That just creates an opportunity for investors to scoop up shares of miners before the price climbs back up, which they’re still poised to do. 

3. The Crypto Game

Now the big names want to get in on Crypto. BlackRock, one of the world’s largest investing firms, recently filed to offer a spot ETF for Bitcoin, and other firms are now following suit. This could be the catalyst that sends cryptocurrency higher, which is why you will want to know just what coins to buy. 

4. Worldwide EV Sales

EV sales just keep climbing. This past week, it was revealed that EV sales are now 16% of world auto sales. They were up 50% year over year. This is a trend that’s only going to continue going in one direction, which is why everyone is buying up as much lithium as they can. As an investor, that’s a trend you may want to get in on as well. 

What to Look For:

There is another Fed meeting in a few weeks, so you’ll be seeing more talk about rate raises that are all but guaranteed now. 

Ryan Stancil
Editor, Daily Profit Cycle