It seems many humans think they get their calls right. In this article, it seems he feels both gold will go up while China yuan will decline. What will be the future safe haven?
https://www.silverdoctors.com/gold/gold-news/gold-cny-devaluation-and-crash-david-brady/
I find this is true but gold has been flat for many years. It is just used as a safe haven asset when the stock indices suddenly drop. The panic has not yet set in, but do not be surprised if crypto currencies like Bitcoin will be looked upon. In the last panic last year it was Bitcoin that easily received the hot capital as being safe haven trade. Even Japanese yen and indices were not as high which is perceived another recent safe haven.
New Facebook Pages videos
Over the last few days, the crypto currency asset class market has been literally crushed. According to CoinMarketCap, no more than 5 were profitable in the top 100 coins. It seems I have built a little script that still finds some fantastic intraday opportunity of 8% and 12%. Even professional portfolio managers would love to have 1% daily. I seem to be getting at least 8%. For these videos, just go over to my QuantLabsNet Facebook page. Look for 2 recent videos entitled:
Another tough day in this #cryptocurrency asset class. Please not #coinmarketcap is now paid which may limit my strategy I showed yesterday.
And
Very tough #cryptocurrency day but found 12% intraday move on #coinmarketcap
I found this using this exchange with only 2 of 100 profitable crypto currency pair. I show I accomplish thanks to automa…
I have not even mentioned the potential crazy initial coin offerings with lucrative opportunities. I just posted a chart on my Instagram on how ICOs are still red hot. I do think this will be the case until the regulators step in. As a result, these operators will just focus on regions with exchanges with no constraints. I always compare the performance of the crazy returns of penny stocks when you watch educators like Tim Sykes. Of course, this involves lots of testing for potential slippage and manipulated execution.
New Youtube videos
I have added new intro guided tour videos for both memberships of Quant ELITE and Quant Analytics. These will highlight the different features of reports and other analysis tools available in both memberships. Just go over to my Youtube.com/quantlabs channel. Look for two videos:
Quant ELITE membership guided tour
You will also see some tutorial videos for my Quant Analytics which will includes forward looking videos on:
How to understand Euro Zone stats for ESI
How to use FED and other US government forward looking economic data
These are based on fundamental data that affects all asset classes like options, equity, and currency.
More videos will be posted today.
Thanks Bryan
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