Ryan Stancil,
Editor
Aug. 17, 2024
Since last week: The markets continue to recover from the recent worldwide margin call as inflation eases.
1. Gold’s Continued Rise
Gold keeps living up to its reputation. Among the volatility of the past few days, gold’s price has gone in an upward direction, sometimes reaching just past $2,500 before pulling back to just under that. It still has plenty of room to run and will likely end the year even higher than that. Click here to learn more about one gold miner that will make its investors big winners in that bull market. It jumped 25% in just one day this past week.
2. Some Tech Still Thrives
Even among the recent market selloff, some tech companies did better than others. So if you were an investor, you weren’t panicking the same way many others were. One tech name, a software company that deals in big data analytics, is a strong example of companies that thrived when everyone else faltered. It’s one of the picks in our Digital Dispatch portfolio. Click here to learn more about the publication and some of the other names John Carl and Chris Curl picked that withstood the market volatility.
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3. Inflation Numbers
For the first time since 2021, the Consumer Price Index slowed below 3%. This is the kind of news investors had been waiting for, as it signals that rate cuts are all but inevitable at this point. This comes right on the heels of some of the worst volatility the market has experienced in years. These kinds of developments are what investors need to stay ahead of to protect their wealth. Click here for expert insight on how we got here and where things are likely to go next.
4. Uranium Restarts and Disconnects
One uranium mining company recently announced that it will restart operations at a long-shuttered uranium mine in order to process this critical ore that the world is going to need a lot more of in the coming years. News like this shows that the demand is there and isn’t going away but also that there’s a disconnect between demand and the value of uranium companies, especially as companies across the board have seen their share prices trend lower. That won’t last, especially as the world wakes up to the fact that nuclear power is the only way we’ll be able to achieve our climate-related goals. Click here to learn more about what the future looks like for uranium companies and other sectors of the market.
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What to Look For
Even as some metrics improved, some continued volatility is expected through the next few months.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle