Bitcoin and Gold – Outlook, Volatility and Safe Haven Diversification
– Recent performance of Bitcoin and Gold– Price outlook– Bitcoin, China and capital flight– Exchanges of value?– Can bitcoin rival gold as a safe haven?– ‘Bitcoin vs Gold’ or ‘bitcoin and gold’?– Importance of diversification– Conclusion: A monetary and financial revolution?
Recent performance of bitcoin and gold
Markets "bought" the election. Now the question is whether they will sell the inauguration. That is the take from the latest weekly letter by Goldman's chief strategist David Kostin, who says that "investor angst is high." Kostin then explains the one-word reason behind such confusion and angst - take a wild guess what it is.
With Trump now officially US president amid concerns that a "sell the inauguration" sentiment may emerge at any moment, it was an appropriate moment for Credit Suisse analyst Andrew Garthwaite to release his report listing the 10 possible ways in which the bank's central views (and often the consensus) could be surprised. Below the bank highlights the factors its thinks could surprise adversely in 2017, together with its core views.
The quick summary:
Submitted by Pater Tenebrarum via Acting-Man.com,
A Shift in Expectations
Global shares were mixed, equity futures, the dollar and crude rose as investors focused their attention on today's inauguration of Donald Trump as U.S. president. While the early tone is well bid, some traders anticipate a volatile session, with speculation that a bout of "sell the inauguration" could cap the aging Trump rally, which started with his inauguration.