How to Trade 4th of July Short Week

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

It’s a holiday-shortened in North America this week. It’s Canada’s birthday Wednesday and, of course, U.S. markets are closed on Friday as it’s the 4th of July.

So expect markets to behave a little oddly this week and be somewhat front-loaded.

In broad market news, there are a few catalysts which could potentially see a further downturn in the economy and another drop-off in the stock market. A high unemployment rate being one of them…

Data to keep your eye on this week in that regard is US Labour Market Report & Initial Jobless Claims on Thursday July 2nd.

The fear of a second wave of the Coronavirus is another one…

Confirmed cases have now eclipsed 10 million worldwide with the death toll nearing half a million.

So where do the opportunities lie this week, this summer and beyond into the U.S. election?

With a prospective devaluation of the U.S. dollar, economic uncertainty, and rising demand for physical gold, a gold breakout above the $1,800 per ounce level in the somewhat near term isn’t so difficult to see. Even Goldman Sachs analysts are predicting gold to move to as high as $2,000 per ounce by 2021.

Watch the full interview with the Wealthpress Head Traders to see what other trading opportunities they are paying close attention to.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.