Gold, Copper and Bitcoin were the specialist subjects for debutant Charles Morris, Editor at Atlas Pulse, on the Tip TV Finance Show when he joined Zak Mir and Bill Hubard to discuss his thoughts.
Does Gold have a $300 premium in the price?
Morris outlined that Gold is flat for the year, whilst almost every other commodity has collapsed, which led him to believe that the yellow metal has a 62% premium above other commodities. He added that if gold was a bond, it would have zero coupon, no credit risk, and a long duration. In this light, Morris concluded that if bond yields are up, and inflation expectations are low, it is bad situation for gold and he would be a seller for choice despite the $300 premium in the price.
Copper a global indicator for growth
Morris highlighted that precious metals are not all the same, with gold, silver and copper being different to the likes of Palladium and Platinum. He continued that the Copper price often tells us simply what is happening in the world economy, and is a growth indicator based on the amount of houses being built and China’s development.
Above $300 a green light for Bitcoin?
Morris finished on Bitcoin, where he commented that it is used to having high corrections, and now he believed that £300 is the new line in the sand for Bitcoin. He noted that BTC is an asset, not a currency, but there is a debate over whether the market is real or is pure speculation. Morris concluded that an investor should value Bitcoin like a tech stock, with accurate statistics unavailable to be sure that BTC isn’t a pure speculative market.
We are not authorised by the Financial Conduct Authority of England and Wales. The information and/or data on this website is provided by us and any data providers which may be used by us for your general information and use only and is not intended for trading purposes or to address your particular financial or other requirements. In particular, the information and/or data on the website:
(1) does not constitute any form of advice (financial, investment, tax, medical, legal, spread -betting or otherwise); and (2) does not constitute any inducement, invitation or recommendation relating to any of the products listed or referred to; and (3) is not intended to be relied upon by you in making (or refraining to make) any specific investment, placing any bet or making any other decision; and (4) has not been issued or approved by Tip TV for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended from time to time).
Opinions expressed by speakers in the videos, writers of the blogs are only opinions and not expert advice. These opinions do not necessarily agree with those held by Tip TV, its directors, agents or employees who disclaim any intent to make betting, securities or securities markets recommendations. The value of investments and the income derived from them may fall as well as rise. APPROPRIATE EXPERT INDEPENDENT ADVICE SHOULD BE OBTAINED BEFORE MAKING ANY INVESTMENT, PLACING ANY BET OR MAKING ANY OTHER DECISIONS.
Recommended Content
Editors’ Picks
AUD/USD eases toward 0.6500 after mixed Australian trade data
AUD/USD is seeing some fresh selling interest in the Asian session on Thursday, following the release of mixed Australian trade data. The pair has stalled its recovery mode, as the US Dollar attempts a bounce after the Fed-led sell-off.
EUR/USD jitters post-Fed with NFP Friday over the horizon
EUR/USD cycled familiar territory on Wednesday after the US Federal Reserve held rates as many investors had expected. However, market participants were hoping for further signs of impending rate cuts from the US central bank.
Gold prices skyrocketed as Powell’s words boosted the yellow metal
Gold prices rallied sharply above the $2,300 milestone on Wednesday after the Federal Reserve kept rates unchanged while announcing that it would diminish the pace of the balance sheet reduction.
Solana price dumps 21% on week as round three of FTX estate sale of SOL commences
Solana price is down almost 5% in the past 24 hours and over 20% in the last seven days. The dump comes as the broader crypto market contracts with Bitcoin price leading the pack as it slides below the $58,000 threshold to test the Bull Market Support Band Indicator.
The FOMC whipsaw and more Yen intervention in focus
Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.